Retail insights from the sporting goods industry – Page 118
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News briefs
Adidas, Nike and Puma have joined the Global Fashion Pact...
Adidas, Nike and Puma have joined the Global Fashion Pact to protect the world's climate, biodiversity and oceans at the instigation of Kering, the former controlling shareholder of Puma, which is committed to sustainability. The fashion pact, which gathers 32 groups – mostly from the fashion sector – representing nearly ...
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Article
Alibaba pulls a strong quarter despite the ongoing trade war
Supported by growth in e-commerce and cloud computing, Alibaba Group Holding's revenues for its first fiscal quarter ended on June 30 topped analysts' expectations. This came despite the difficult trade environment caused by the ongoing U.S.-China dispute, as well as an increasingly competitive e-commerce industry.The Chinese e-tailer's sales increased by ...
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News briefs
Yesterday, Puma opened its first flagship store in North America,...
Yesterday, Puma opened its first flagship store in North America, located at 609 Fifth Avenue in New York City and covering 18,000 square feet of retail space on two floors. It features a product customization studio, digitally connected offerings and innovative sports engagement zones, including F1 car racing simulators and ...
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News briefs
The North Face has opened another store in New York...
The North Face has opened another store in New York City. Located at 584 Broadway in the SoHo neighborhood, the 8,000-square-foot location is the first to showcase a so-called “basecamp for exploration,” with the sales staff referred to as “guides.” It focuses on premium products and uses reclaimed wood certified ...
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News briefs
Under Armour and Zalando have joined forces for a new...
Under Armour and Zalando have joined forces for a new marketing campaign called “Shepwr” (pronounced “she power”). The brands will be accompanying a purely female influencer group, along with the Berlin-based musician Lary Poppins, on a three-day workout. The athletes will be demonstrating exercises on their social-media channels and providing ...
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News briefs
Zalando, the Berlin-based online retailer, will be delivering parcels for...
Zalando, the Berlin-based online retailer, will be delivering parcels for Adidas in Paris. Orders that are placed on Adidas' French website will be delivered on the same day or the following day, as customers decide. Initial trials with partners of the so-called Zalando Fulfillment Solutions (ZFS) will probably start at the ...
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News briefs
The Outdoor Retailer show cancels Winter Market
Emerald Expositions, the organizer of the Outdoor Retailer show, has decided to cancel the Winter Market that was scheduled to take place for the second time on Nov. 5-7 and to concentrate all the product offerings for the next autumn/winter season at the Outdoor + Snow Show on Jan. 19-31. ...
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News briefs
Daka has opened a megastore in a shopping center located...
Daka has opened a megastore in a shopping center located near a highway in the Leidsche Rijn district of Utrecht, called The Wall. It's the 15th store operated by the retailer in the Netherlands. Daka will be in direct competition with Decathlon, which has had a store in the mall ...
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News briefs
The Norwegian sports retail market is changing rapidly, as illustrated...
The Norwegian sports retail market is changing rapidly, as illustrated by Gresvig's momentum decision to drop the G-Sport and G-Max banners, concentrating on Intersport (see the story in this issue). Mobo Sportsholding, the owner of the high-end Anton Sport chain, is buying Milsluker'n, an Oslo-based retailer specializing in skiing, cycling and ...
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News briefs
Mammut has opened its first concept store in cooperation with...
Mammut has opened its first concept store in cooperation with a franchisee in the Swiss town of Andermatt. It is described as a “Point of Experience” rather than a point of sale. Together with bike and ski rental services offered by the franchisee, Imholz Sport, it hosts the first example ...
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News briefs
Norrøna will open a flagship store in the SoHo district...
Norrøna will open a flagship store in the SoHo district of New York City this autumn. It will be its second store in the U.S., following the inauguration of its concept store in Boulder, Colorado, in May. The new store will feature the Norwegian brand's full assortment of technical outerwear, ...
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Short stops
The Scott Sports Group has opened the fourth Dolomite store...
The Scott Sports Group has opened the fourth Dolomite store in Italy, located in the Franciacorta Outlet Village near Brescia
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News briefs
JD Sports will be opening next year its first store...
JD Sports will be opening next year its first store in downtown Paris, following several openings in France, including in the Parisian suburbs. According to reports by sport-guide.com, the new store will be in the 2,200-square-meter space formerly occupied by H&M at 118-120 rue de Rivoli, right across from Foot ...
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News briefs
Salomon plans to open its first full-fledged mono-brand store in...
Salomon plans to open its first full-fledged mono-brand store in Germany, measuring 200 square meters, on Nov. 8. It will be located in the very central Sendlinger Strasse of Munich, very close to the local store of The North Face. Salomon will offer apparel and shoes for men and women ...
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Article
Adidas maintains its guidance but warns about a global crisis
Commenting on the Adidas Group's latest results just after a much-criticized, temporary drop in the value of the yuan renmimbi, the company's chief executive, Kasper Rorsted, warned last Thursday that “everybody will lose” if the trade dispute between the U.S. and China escalates into a currency war, as it will ...
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Article
Adidas and Sportmaster join forces on the Russian market
Confirming our previous report on the subject, Adidas and the biggest Russian sports retailer announced that they had signed a new partnership agreement in a joint statement on July 23. For many years, Adidas had refused to sell it products to Sportmaster, focusing instead on its own large network of ...
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News briefs
The former chief executive officer of the Adidas Group, Herbert...
The former chief executive officer of the Adidas Group, Herbert Hainer, will replace Uli Hoeness as chairman of the supervisory board of the FC Bayern Munich, the company controlling the homonymous football club, according to the business monthly Manager Magazin. Hainer, a passionate supporter of the team, in which Adidas ...
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Short stops
The supervisory board of the Adidas Group has extended the...
The supervisory board of the Adidas Group has extended the contracts of Karen Parker, the executive board member responsible for human relations, and Harm Ohlmeyer, chief financial officer, for five years to 2025
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News briefs
Skechers and Adidas have reached a settlement in their dispute...
Skechers and Adidas have reached a settlement in their dispute over footwear stripes. A filing by Skechers on July 29 at the U.S. District Court for the Central District of California asked for the dismissal without prejudice of a lawsuit brought by Adidas, which had claimed that Skechers' Goldie-Peaks shoe infringed its Three Stripes ...
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News briefs
Adidas is reportedly considering putting a deposit on sports shoes...
Adidas is reportedly considering putting a deposit on sports shoes – as in Germany's “Pfandsystem” (Pfand means “deposit”) – similar to what is often done with plastic and glass bottles. According to reports in sportstextiles.com, the brand is exploring charging a returnable deposit of €10 on a pair of shoes ...
