Retail insights from the sporting goods industry – Page 118
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Article
Big growth and investments in digital
Offering differentiated consumer experiences, direct-to-consumer sales were responsible for about half of Nike's total growth in the past year, and digital sales jumped by 35 percent, driven by Nike's mobile apps. Nike says that the digital channel – its own online sales combined plus those of partners like Amazon and ...
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News briefs
Decathlon's U.K. branch is investing in a new warehouse and...
Decathlon's U.K. branch is investing in a new warehouse and has announced plans to create 200 new jobs in the country by 2021, according to reports in Fashion Network. Last year the retailer posted pre-tax losses of £10.8 million (€12.0m-$13.5m), but results were said to be in line with the ...
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Article
Intersport reports growth in Central Europe
Intersport Germany is performing a little better than before. On the first day of the new OutDoor by Ispo show in Munich, which ran from June 30 to July 3, the German-based retail cooperative reported an increase of 5 percent in its members' retail sales for the first five months ...
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News briefs
Mountain Hardwear, the subsidiary of Columbia Sportswear, has developed an...
Mountain Hardwear, the subsidiary of Columbia Sportswear, has developed an app that enables European retailers to display its equipment and apparel in augmented reality. For now, it features equipment for summer 2019 and technical apparel for winter 2019, including the Exposure/2 Gore-Tex collection.
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Short stops
Le Coq Sportif has opened a pop-up store at La...
Le Coq Sportif has opened a pop-up store at La Roca Village, a factory outlet center near Barcelona
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Article
Further expansion internationally
Nike claims to be leading the market in the EMEA region, where its sales grew by 9 percent in constant currencies in the fourth quarter as compared to the period a year ago, when they were boosted by the men's version of the Fifa World Cup. It continues to boast ...
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11teamsports buys into a similar Czech retailer
11teamsports, the German multi-channel retailer, has taken control of Top4Sport, a similar Czech-based sporting goods retailer, by acquiring a 51 percent stake in the company on June 1. The takeover is expanding the group's presence in other parts of Europe. Up to now, 11teamsports was only represented in Germany, Austria, ...
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News briefs
NikeLab and the designer Virgil Abloh have launched the Chicago...
NikeLab and the designer Virgil Abloh have launched the Chicago Re-Creation Center at 673 de N. Michigan Avenue. Slated to run during the summer, from May 31 to July 28, this “cultural hub” is intended to provide mentorships and workshops for the young in Abloh's hometown as well as exclusive ...
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Adidas loses a court fight over its Three Stripes
The General Court of the European Union decided today to uphold a previous decision made by the European Intellectual Property Office (Euipo) that nullified a three-stripe trademark that Adidas had registered in 2014 for clothing, footwear and headgear. The news led to a drop of more than 2 percent in ...
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Article
Adidas and Nike back women’s football
Adidas has signed up as a founding partner of United for Girls, a new initiative from the U.S. Soccer Foundation aimed at increasing opportunities for girls and women from underserved communities to play football. Adidas' participation in United for Girls is part of the brand's “She Breaks Barriers” initiative to ...
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News briefs
Adidas, Foot Locker and Game of Thrones have teamed up...
Adidas, Foot Locker and Game of Thrones have teamed up for the release of a limited edition of shoes, called the Game of Thrones x Adidas Ultra Boost Collection. The limited edition takes inspiration from characters in the HBO series and includes six color combinations that pay homage to them. ...
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News briefs
Adidas and Ikea are collaborating to develop new home fitness...
Adidas and Ikea are collaborating to develop new home fitness solutions, with the purpose of increasing the number of “active homes” in which people can work out. Designers and product developers from both companies paid a visit to the homes of people in London, New York, Chicago and Shanghai in ...
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News briefs
Adidas organized a long-standing running event, called “Run for the...
Adidas organized a long-standing running event, called “Run for the Oceans,” at the company's new headquarters in Herzogenaurach on June 11. Roland Auschel, sales director Adidas, Harm Ohlmeyer, financial director, Gina Lückenkemper, a world-class sprinter, Sebastian Steudtner, a big wave surfer, and Ian Thorpe, the Australian swim legend, were in ...
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News briefs
Jeff Wilke, Amazon's chief executive of consumer operations worldwide, has...
Jeff Wilke, Amazon's chief executive of consumer operations worldwide, has announced that his company should be delivering packages with drones “within months.” Speaking at Re:Mars – the e-tail behemoth's conference on machine learning, automation, robotics and space, held on June 4-7 in Las Vegas – Wilke said that Amazon's latest ...
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News briefs
Under Armour plans to open its first store in the...
Under Armour plans to open its first store in the Nordic countries in September. It will be located in Stockholm's Mall of Scandinavia, which is right next to the Swedish National football stadium, Friends Arena. At a little over 200 square meters, the store will display the breadth of the ...
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News briefs
XXL ASA, the highly leveraged Norwegian-based sports retailer, says it...
XXL ASA, the highly leveraged Norwegian-based sports retailer, says it has agreed on a new covenant with its bank consortium for its third-quarter results. Last February, it had renegotiated covenants for the first and second quarters of this year. The covenant for the third quarter sets a debt/Ebitda target of ...
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Short stops
Rossignol has reopened its concept store in Aspen, Colorado, which...
Rossignol has reopened its concept store in Aspen, Colorado, which was originally planned as a winter pop-up shop, adding bicycles and warm weather apparel and shoes
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News briefs
Atmósfera Sport, a major Spanish buying group with more than...
Atmósfera Sport, a major Spanish buying group with more than 250 affiliated sporting goods stores, has made various investments in digital marketing and logistics in the past few weeks. It has hired half a dozen new employees to help stimulate the online sales of its retail members. It has also ...
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News briefs
The battle for control of Netshoes, the Brazilian e-tailer specializing...
The battle for control of Netshoes, the Brazilian e-tailer specializing in athletic footwear, has ended. Its shareholders approved on Friday Magazine Luiza's latest improved offer of $3.70 a share, valuing the company at $115 million. The Brazilian omni-channel retailer had initially made a bid for Netshoes at $2.00 per share, ...
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News briefs
Blue Tomato, the omni-channel boardsports retailer, is planning to open...
Blue Tomato, the omni-channel boardsports retailer, is planning to open its first brick-and-mortar shop in Scandinavia, according to sport-guide.com. The Austrian-based retailer, which is a subsidiary of the Zumiez group, already sells online in Denmark, Finland and Sweden. Blue Tomato is also planning to open a store in Amsterdam in ...
