Business and retail news :Austria’s Sport 2000 and Gigasport sign strategic partnership

Effective Feb. 1, Gigasport, the sports retail banner of the Kastner & Öhler chain of department stores, and the Austrian Sport 2000 cooperative have agreed on a purchasing partnership intended  to boost the buying group’s retail turnover significantly in Austria and Eastern Europe.

The new alliance adds 18 Gigasport doors to the existing 321 Sport 2000 stores in Austria. Gigasport recently pulled out of the Czech Republic, but it still has three stores in Slovenia, which will be part of the network. Altogether, the new combination will count 113 stores outside Austria, notably in the Czech Republic, Slovakia, Slovenia and Hungary.

In Austria, the two market players will together have an annual retail turnover of €450 million, of which €342 million will come from the Sport 2000 banner and €108 million from Gigasport (figures based on 2011 results). The deal transforms Gigasport into the largest single member of Sport 2000 in the country by far.

More on this in SGI Europe....

by SGI Europe through IspoNewsblog