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On this episode of Talking Shop I’m joined by Alain Bejjani—former Group CEO of Middle East retail giant Majid Al Futtaim, and author of the definitive new book, NEXT: Leading Through the New Realities. Drawing on his childhood in war-torn Beirut, and his experience steering a $9.5bn dollar retail and lifestyle empire through a global pandemic, Alain brings an unmatched perspective on leadership under pressure. Today, we break down his crisis survival playbook for retailers operating in distress. We discuss why resilience must always outpace efficiency, the four assets a brand must protect at all costs, and how to turn macro-turmoil into a long-term direction that scales.

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Decathlon has announced the launch of a buyback service in 50 of its stores across the country.

The scheme will allow customers to trade in old sports equipment in exchange for in-store credit.

The first leg of the initiative will focus on bicycles, with the service later expanding to all product categories including kayaks, stand-up paddle boards, rackets and fitness equipment.

New research commissioned by the sports retailer has revealed that over 50% of adults have unused sports equipment stored in their house, with bicycles making up 18% of the unused kit.

Following the launch of the initiative in Europe earlier this year, 251,000 products have been bought-back and resold.

Chris Allen, sustainability leader at Decathlon UK, said: “With the cost of living still continuing to impact sport and fitness participation across the UK, at Decathlon we are determined to ensure that sport participation continues and is not affected by the rising cost of goods. BuyBack, will allow customers to return their old and unwanted sporting equipment for store credit to use on refreshing their kit.”

 

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