Retail insights from the sporting goods industry – Page 128
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Adidas is performing well globally
The Adidas Group is predicting a global sales increase of between 8 and 9 percent in local currencies for the current financial year, down from a previous forecast of 10 percent, due to continued lower-than-expected sales results in Western Europe. However, it has revised upwards its expectations for profitability, predicting ...
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More signs of fatigue for Adidas in Europe
After a strong rally between 2015 and 2017, the Adidas brand has performed so far this year less well in Europe generally than Nike, Puma or Under Armour. In the third quarter, its sales in Western Europe were off by one percent in euros and by two percent in constant ...
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News briefs
Runtastic, the mobile fitness company owned by Adidas, has announced...
Runtastic, the mobile fitness company owned by Adidas, has announced that its co-founder and chief executive, Florian Gschwandtner, will withdraw from operational management and leave the company, effective Dec. 31, 2018. He has been with the start-up for nearly ten years. Alfred Luger and Christian Kaar, respectively chief financial officer ...
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Adidas has filed suit in South Florida District Court against...
Adidas has filed suit in South Florida District Court against a further 200 websites for the sale of counterfeit Yeezy, Adidas and Reebok shoes. It is seeking the seizure of their domains, the scrubbing of their URLs from search engines and $2 million in statutory damages per defendant.
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Adidas is said to be close to signing a record-breaking...
Adidas is said to be close to signing a record-breaking €1.1 billion sponsorship contract with the Real Madrid club for the next ten years. The deal would guarantee a minimum of €110 million per year, up strongly from the current fee of €38.7 million and way above the €85 million ...
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News briefs
Zalando appointed two new vice presidents this month. Sara Diez,...
Zalando appointed two new vice presidents this month. Sara Diez, previously working as senior buying director for Europe and the Middle East at Nike, became vice president for Zalando's product line for woman. Diez succeeds Dalbir Bains, who left Zalando after four years. Before her career at Nike, Diez worked ...
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Champion has opened its first store in Boston, which will...
Champion has opened its first store in Boston, which will be its fourth one in the U.S.
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News briefs
The Brazilian e-tailer Netshoes has reported a net loss of...
The Brazilian e-tailer Netshoes has reported a net loss of 136.4 million Brazilian reais (€31.9m-$36.5m) for the third quarter of this year, roughly triple the net loss reported a year ago. Sales for the period were down 3 percent to R$ 417.8 million (€97.8m-$111.7m), while the gross margin shrank fourfold ...
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News briefs
Rapha has set up a partnership with Wiggle, the British...
Rapha has set up a partnership with Wiggle, the British online and offline cycling retailer that has since merged with Chain Reaction Cycles. Certain items from Rapha's Core, Classic and Pro Team collections already appear on the Wiggle website. The partnership's stated purpose is to eliminate redundancies at Rapha's London ...
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News briefs
Sportamore is launching a new business model and technical platform,...
Sportamore is launching a new business model and technical platform, involving Adidas as its first strategic partner. The idea behind the Swedish online sports retailer's new platform is to enable suppliers to sell and deliver goods directly from their own warehouse to consumers via Sportamore's customer interface, starting with a ...
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News briefs
Deportes Sevilla, an important regional sporting goods retail chain, has...
Deportes Sevilla, an important regional sporting goods retail chain, has joined Base Detall Sport, the Spanish buying group that recently joined Sport 2000 International. As CMD Sport reports, the deal bolsters Base's presence in Andalusia and establishes it for the first time in the autonomous community's capital, Seville. Founded in ...
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News briefs
Nike has inaugurated its flagship store in New York City,...
Nike has inaugurated its flagship store in New York City, dubbed as “House of Innovation 000.” The six-level space, including a below-street-level floor, covers around 68,000 square feet on the corner of Fifth Avenue and 52nd Street. The store has been designed to offer services that are highly customizable and effortlessly ...
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Article
The weather impacts Zalando
Zalando's management blamed the protracted hot summer weather for a slowdown in its growth to a rate of 11.7 percent during the third quarter. It added that it will do its best to return to its longer-term target of annual sales growth of 20-25 percent during the fourth quarter, but ...
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News briefs
In December Sneakersnstuff is opening a 3,450-square-foot store in Los...
In December Sneakersnstuff is opening a 3,450-square-foot store in Los Angeles, in close proximity to Venice Beach. The store will be designed by Jenny Askenfors of Bofink Design Studio, Sneakersnstuff's official design partner. According to reports by Footwear News, the company's co-founder, Erik Fagerlind, has said the next cities in ...
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News briefs
Adidas has opened a new event center and staff restaurant...
Adidas has opened a new event center and staff restaurant at its headquarters in Herzogenaurach. The new building, encompassing 14,000 square meters, is called Halftime. By April 2019, Adidas will also open a new building with workplaces for 2,000 employees, a new car park, meeting spaces and areas for sports ...
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News briefs
Adidas has appointed a new general counsel, Jan Heinemann, who...
Adidas has appointed a new general counsel, Jan Heinemann, who will report to Kasper Rorsted, the company's chief executive. The previous general counsel, Frank Dassler, left the company earlier this year, and Paul Ehrlich had stepped in on an interim basis. Ehrlich will resume his post as general counsel for ...
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News briefs
Adidas has announced a voluntary recall of kids' swimwear products...
Adidas has announced a voluntary recall of kids' swimwear products of the Infinitex 3-Stripe range. The recalled swimwear products were sold as part of the 2017 and 2018 collections in both youth and adult sizes through adidas.com, Adidas retail stores and at authorized Adidas dealers globally. The Adidas 3-stripes trademark ...
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News briefs
Reports indicate that Adidas is going to again become the...
Reports indicate that Adidas is going to again become the sponsor of the Arsenal football club in the U.K. for the next five years, taking the place of Puma at the end of the current five-year contract. Adidas had been Arsenal's sponsors until 1993. As for Puma, the brand is ...
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Short stops
Adidas has extended its eight-year-old sponsorship contract with the French...
Adidas has extended its eight-year-old sponsorship contract with the French Olympique Lyonnais football club until 2025
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Adidas has a signed a sponsorship deal with the Real...
Adidas has a signed a sponsorship deal with the Real Kashmir football club, which plays in India's first division
