Retail insights from the sporting goods industry – Page 111
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ArticleAdidas posts strong results, but warns about coronavirus impact
The year 2019 was a pretty good one for the Adidas Group. On March 11, the company reported revenue gains in all the regions, with Europe returning to growth, and strong increases in direct-to-consumer sales, while profit margins improved. However, the share price tumbled by about 10 percent as the ...
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News briefs
Adidas changes its practices in Spain
Adidas has avoided a fine from the Spain’s National Commission for Markets and Competition (CNMC) in exchange for voluntary changes to its franchising policy. The commission opened an inquiry after a franchisee in Spain accused the company of anti-competitive practices in November 2018. In essence, Adidas had different contracts in ...
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ArticleNautilus re-launches its digital platform
Significant reductions in expenses in the fourth quarter helped Nautilus to reach a net income of $3.5 million, up from $1.4 million for the same period a year ago, in spite of sharply reduced revenues and a lower gross margin.
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ArticleCoronavirus depresses Adidas’ and others’ sales in China
COVID-19 or the novel cronavirus, as the virus is now named, has already infected more than 79,000 people in 30 countries around the world, according to the World Health Organization, but it remains largely concentrated in China. While it has been expanding at a slower rate recently in the country, ...
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News briefs
Patagonia Opens Second U.K. Store
Patagonia opened its second store in the U.K. earlier this month, in Bristol. It already has one in Manchester. The new 280-square-meter brand store will not only present the collections from the outdoor sports segments, covering climbing, snow sports, surfing and trail running, but will also serve as a meeting ...
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News briefs
JD celebrates the Superstar with Adidas
JD Sports Fashion, the U.K.-based retailer, and Kano, the British rapper, are helping Adidas to celebrate the 50th anniversary of its Superstar shoe. Their collaboration, called “3 Bar Superstar,” amounts to a talent search. This February, a mobile recording booth has been stopping at three malls in the U.K. – ...
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News briefs
Coronavirus depresses Adidas’ sales in China
Updating investors on the effects of the coronavirus on its business, Adidas said that it performed well in China during the first three weeks of 2020 but has since suffered a decline of about 85 percent as compared to the same period of last year. A number of the German ...
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News briefs
Bertelsmann’s CEO is slated to be Adidas’ new chairman
The supervisory board of the Adidas Group has recommended the election of Thomas Rabe, who has been the chairman and chief executive of Bertelsmann since 2012, as its new chairman at the company’s annual meeting on May 9. Bertelsmann is a global German media, education and service group whose Ebitda ...
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Article
JD’s acquisition of Footasylum hits anti-trust hurdle
Mike Ashley, the maverick boss of Sports Direct, must be jumping with joy at getting his way with his criticism of JD Sports Fashion’s acquisition of Footasylum last April, which is again being questioned by the U.K.’s Competition and Markets Authority (CMA). The CMA launched a review of the case ...
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Infographics & DataAnalysis - Online traffic of the leading Scandinavian retailers
This exclusive chart shows the online traffic of the leading Scandinavian retailers in Q4 2019. This is exclusive data and analysis for Premium Members.
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News briefs
Internetstores grows by 30%
Internetstores, a subsidiary of Signa Sports United, recorded total sales of €373 million in 2019. The online retailer reported that its sales increased by 30 percent over the past three years. This online retail platform for bike and outdoor products, which owns the Fahrrad.de, Brügelmann, Bikester, Probikeshop, Campz and Addnature ...
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News briefs
Magasin du Nord expands internationally
Online retailing is developing rapidly in Scandinavia. Magasin du Nord, the Danish department store organization, is planning to open web stores in various parts of Europe, as it did in Sweden in November. This year, according to Berlingske, Denmark’s oldest daily newspaper, it will start with Norway and continue with ...
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News briefs
H&M wins court fight against Adidas
H&M, which is moving more strongly into men’s activewear, has won a long-standing case against Adidas at the Court of Appeal in The Hague, which has ruled that the dual stripe design on its apparel didn’t infringe on Adidas’ three-stripe trademark. The court has also found that the proportions of ...
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News briefs
Adidas will sponsor Leeds
Adidas will replace Kappa in the 2020/2021 season as the kit sponsor of Leeds United. The deal with Kappa was set to expire at the end of this season. It will be the first time that Leeds wears Adidas. Leeds’ kit was previously supplied by Nike, Umbro, Admiral, Asics, Puma, ...
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News briefs
New action by Adidas for the environment
Adidas has announced a new milestone for 2020, as more than 50 percent of the polyester used in its products will come from recycled plastic waste, said the company. This means that the sportswear giant will be on track to meet its goal of using only recycled polyester in all ...
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ArticleThe German Cartel Office blesses Signa’s takeover of SportScheck
Following a comprehensive investigation, the German Cartel Office has concluded that the planned acquisition of SportScheck by the Austrian-based Signa Retail Group via its Galeria Karstadt Kaufhof subsidiary can go ahead as the new conglomerate resulting from the transaction will have a market share of less than 15 percent in ...
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ArticleXXL looks for new funds, launches massive clearance
XXL ASA is still stuck in a downward spiral and is taking drastic steps to try and stop it, including a search for new “sustainable” sources of liquidity other than new equity. A decision in this respect is expected to be taken during the present quarter, said the management, declining ...
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Article
Swedish and Finnish retailers were better off
According to preliminary figures, retail sales of sporting goods declined more or less by 0.7 percent in Sweden and by 0.3 percent in 2019, compared with a drop of 3.5 percent in Norway.
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ArticleSport 2000 increases cross-border cooperation
Reporting growth of 8 percent in retail sales to €4.94 billion including VAT across Europe in 2019, driven by Germany, Sport 2000 International is working on creating a more integrated, vertically oriented retail service organization with a strong international brand, offering new and flexible ways to approach consumers.
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ArticleFirst Sport 2000 Absolute Teamsport store opened in Austria
The first Austrian store under the umbrella of the “Absolute” business concept developed by Sport 2000 International opened its doors on Feb. 6 in the Weberzeile shopping mall in Ried im Innkreis. With an area of 250 square meters, the new Absolute Teamsports specializes exclusively on team sports.
