All Marketplaces & E-tailers articles – Page 5

  • News briefs

    Rorsted to head Adidas for another five years


    The supervisory board of Adidas has extended Kasper Rorsted ’s term as chief executive officer by five years – through July 31, 2026. Rorsted joined the company’s executive board in August 2016 and became CEO two months later. Meanwhile, Thomas Rabe will be moving up from deputy chairman ...

  • News briefs

    Adidas to sponsor Leeds United for five years


    For five years as of the 2020/21 season, Adidas will be the kit sponsor for Leeds United , which just recently moved up to the U.K.’s Premier League , after its victory in the Sky Bet Championship . Kappa ’s five-year sponsorship deal with the club expires this season. ...

  • News briefs

    Adidas France has a new managing director


    Mathieu Sidokpohou has taken over from Guillaume de Monplanet as the new managing director of Adidas France , the French subsidiary of the sporting goods giant. De Monplanet, who joined the Adidas group in 2005 as commercial director for Reebok , has left the company. He became country ...

  • News briefs

    Kanye West delivers ultimatum to Adidas and Gap


    The American rapper and businessman Kanye West apparently intends to “walk away” from his deals with Adidas and Gap unless he is appointed to their respective boards. He said so in North Charleston, South Carolina, at a rally for his U.S. presidential campaign, which began with a ...

  • Zalando

    Zalando improves its guidance


    Zalando expects the gross merchandise volume (GMV) to rise by 20-25 percent and revenues by 15-20 percent for the full financial year, with the adjusted Ebit reaching €250-300 million, as the German online fashion retailer benefited from the impact of the Covid-19 pandemic. The previous guidance, published on May ...

  • News briefs

    ​Five years of Adidas with Parley for the Oceans


    Adidas presented a new limited-edition sneaker for the fifth anniversary of its collaboration with Parley for the Oceans . The company said it would donate €30 to the NGO for each pair of the model sold in the first three days of the promotion. The partnership between Adidas and ...

  • Article

    Adidas' brand equity grows more than Nike's


    Nike and Adidas are once again the only two sports brands among the 100 “most valuable brands” in the annual rankings compiled by BrandZ , which have just been released by Kantar Millward Brown . The Swoosh remained in 21st place, while the Three Stripes is up by ...

  • News briefs

    Fanatics expands its PSG deal


    Fanatics has signed a 10-year extension of its licensing contract with the leading Paris Saint-Germain football club in France. The relationship is being expanded to include e-commerce as well as broadened manufacturing, licensing and sub-licensing right, leading to an expanded range of products under the PSG label. The ...

  • News briefs

    Adidas’ global personnel director steps down


    Karen Parkin has decided to leave Adidas after 23 years. She stepped down on June 30 as worldwide head of human resources and as a member of the executive board. A British citizen, Parkin was the only woman on Adidas’ management board. Her departure has been attributed to ...

  • News briefs

    Kinnevik sells shares in improving Zalando


    Kinnevik, which is Zalando ’s biggest shareholder, has sold 10.6 million shares in Zalando to institutional investors, reducing its stake from 26 percent stake to 21.3 percent and taking advantage of a recent increase in the e-tailer’s share price. The announcement came just before Zalando said that it will ...

  • News briefs

    Three more markets for Zalando’s Connect Retail program


    From July, Zalando will be extending its offer to waive commissions on its Connected Retail program to Poland, Sweden and Spain. The initiative, which was originally aimed at supporting brick-and-mortar stores during the coronavirus crisis, was introduced in Germany and the Netherlands on April 1. The offer will run ...

  • News briefs

    Responding to unrest in the U.S., Adidas pledges to make three investments


    In reaction to the unrest in the U.S. over the death of George Floyd at the hands of police officers in Minneapolis, Minnesota, a group of black employees working for Adidas in the U.S. recently addressed a 32-page document, titled “Our State of Emergency,” to the company’s executives. ...

  • News briefs

    Adidas will hold a virtual AGM


    The supervisory board of the Adidas Group has decided to hold its annual general meeting in a purely virtual format on Aug. 11, using a dedicated portal on the group’s website, . Shareholders of record who have registered for the AGM will be able to submit questions on ...

  • Article

    China grows again for Adidas


    Adidas reports that its overall business in Greater China turned positive in May, as compared to a year earlier, leading it to predict more or less flat revenues in the region during the second quarter ending on June 30. The region represents about one-quarter of the Adidas Group’s total ...

  • News briefs

    Zalando will be subjecting its partners to sustainability standards


    Zalando is implementing standards for the measurement the social and environmental sustainability of its operations and, in time, those of its business partners. Specifically, the German e-tailer is adopting the Higg Brand Retail Module (BRM) , developed by the Sustainable Apparel Coalition (SAC) and its subsidiary, ...

  • News briefs

    Adidas teams up with Allbirds


    Adidas announced today a collaboration with Allbirds , the well-known American brand of sustainable footwear, to develop the sport performance shoe with the lowest-ever carbon footprint. The project will involve exploring recyclable material resources as well as the use of renewable energies in manufacturing and transportation. Adidas says the ...

  • News briefs

    Adidas launches reusable face mask


    Adidas has launched its own washable face mask to help consumers battle the coronavirus pandemic. It is called Face Cover and is made from a soft and breathable material, using a minimum of 40 percent recycled content. Face Cover is not a medically graded mask nor a Personal ...

  • News briefs

    Alibaba anticipates a slowdown in sales this year


    Alibaba , the Chinese e-commerce giant, expects revenues to rise by about 27.5 percent to over 650,000 million yuan renminbi (€83,725.8m-$91,168.5m) in the current fiscal year after its top line rose by 35 percent to RMB 509,711 million (€65,647.3m-$71,487.9m) in the fiscal year ended on March 31. The company achieved ...

  • News briefs

    Maynards to auction two Adidas pilot production facilities


    Maynards Europe , the global liquidation and auction specialist, working in conjunction with U.S.-based Heritage Global Partners , are to sell the entire manufacturing equipment of two unique production lines established by Adidas . The facilities were previously a part of a pilot flexible-design manufacturing project, called Speedfactory , for ...

  • News briefs

    Adidas pairs Covid-19 donations to exercise tracking apps


    Adidas is launching the #HomeTeamHero Challenge to support the Covid-19 pandemic’s essential workers. For every hour of app-tracked exercise from May 29 to June 7 Adidas will donate $1 to the Covid-19 Solidarity Response Fund of the World Health Organization (WHO) . The objective is to reach ...