Retail insights from the sporting goods industry – Page 130
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News briefs
Adidas tops the Textiles, Apparel and Luxury Goods sector in...
Adidas tops the Textiles, Apparel and Luxury Goods sector in the latest Dow Jones Sustainability Index (DJSI), an annual evaluation of companies' sustainability practices. The German sportswear brand has been included in the DJSI for the 19th consecutive year. The annual DJSI review assesses the sustainability performance of the largest ...
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News briefs
Zalando has once again reduced its guidance for the current...
Zalando has once again reduced its guidance for the current financial year, indicating that a very hot and long summer affected its sales, resulting in heavy discounting, and delayed the switch to autumn/winter season. The big e-tailer is now expecting its revenues to grow at the low end of its ...
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News briefs
Started in Detroit just two years ago as a marketplace...
Started in Detroit just two years ago as a marketplace for second-hand sneakers, Stockx has secured $44 million from GV and Battery Ventures, with the stated purpose of expanding its business in international markets. Tech Crunch reports that the company has grown to more than $2 million in daily transactions ...
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News briefs
The North American basketball league (NBA) and EPI have announced...
The North American basketball league (NBA) and EPI have announced plans to open the first European NBA store. The store will be located in Milan at Galleria Passarella, a few steps from Piazza San Babila, in the city center. The opening is scheduled to take place during the 2018/19 season, ...
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News briefs
Moncler has announced the Chinese debut of its Moncler Genius...
Moncler has announced the Chinese debut of its Moncler Genius collections on Tmall Luxury Pavilion, Alibaba Group's dedicated luxury shopping platform, starting Sept. 27 and until Oct. 14. The launch of the pop-up e-store marks the first collaboration between the Italian apparel manufacturer and the Chinese e-commerce giant. The Moncler ...
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News briefs
Sports retailers are being given preferential rates for attending the...
Sports retailers are being given preferential rates for attending the Ispo Munich show next Feb. 3-6, supplementing various services that are already available to this important target group. Exhibitors are already being given free tickets for their key retail customers. The others will have to pay only €19 for a ...
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Article
British retailers in auction for Evans Cycles
JD Sports Fashion and Sports Direct International (SDI) are both reported to have tabled indicative offers for Evans Cycles, a British bicycle retailer with about 60 stores. Sky News reported this week that the two British-based sports retailers would compete in the sale with Halfords, another British cycling specialist, and ...
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News briefs
Burton Snowboards has opened its first store in Munich, calling...
Burton Snowboards has opened its first store in Munich, calling it a “hub” because it also serves as an office and showroom, hosting the German country manager, Benjamin Schwarz, and his team. It is located near many other sports stores at Frauenstrasse, 10.
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Short stops
Dynafit has opened a store in Seoul through its local...
Dynafit has opened a store in Seoul through its local distributor, K2 (unrelated to the American brand by the same name)
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News briefs
JD Sports Fashion is raising the surface of its store...
JD Sports Fashion is raising the surface of its store in the Bluewater shopping mall near London from 9,544 to 18,966 square feet. Digitalization is the big buzzword in retailing right now, but as Fashionmagazine.com has noted, Peter Cowgill, executive chairman of the U.K.-based retail group, made an interesting statement ...
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News briefs
Uniqlo will be opening its first Italian store in Milan...
Uniqlo will be opening its first Italian store in Milan in April 2019. The store will be located in Piazza Cordusio, just a few steps from Milan's Duomo, and will reportedly have a sales area of around 2,500 square meters on three floors. The Japanese brand, better known for its ...
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News briefs
XXL has introduced the Klarna in-store payment system, a service...
XXL has introduced the Klarna in-store payment system, a service that gives customers the opportunity to split their payment into instalments, postpone it or pay all at once, all by telephone. The new payment system will be rolled out in all of XXL's 77 stores in the Nordic countries during ...
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News briefs
Lululemon will be opening a new store at the Royal...
Lululemon will be opening a new store at the Royal Exchange shopping mall in Manchester this autumn. The Canadian brand and retailer, specializing in technical clothes for yoga and running, already has a small showroom on the nearby Saint Anns Place, where it hosts sports events for runners. Also in ...
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News briefs
Adidas placed a series of equity-neutral convertible bonds worth a...
Adidas placed a series of equity-neutral convertible bonds worth a total of €500 million on Sept. 5. The transaction was 2.7 times oversubscribed. The convertible bonds mature in five years with a coupon of 0.05 percent. The issue price was set at 104 percent of the nominal value of €200,000 ...
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News briefs
The change in European leadership reported at the Adidas Group...
The change in European leadership reported at the Adidas Group last month has revealed several other changes, particularly the appointment of Markus Baumann as senior vice president in charge of global product operations for Adidas. Baumann has already been with the Adidas group for eleven years, the last three of ...
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News briefs
The Adidas Group has appointed Mediacom, which is part of...
The Adidas Group has appointed Mediacom, which is part of the WPP group, for its global media business from September. The two hubs for the global business will be London for Adidas and New York City for Reebok, with Mediacom staff also positioned around key focus locations for the brands ...
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News briefs
Adidas has announced the early renewal of its long-standing partnership...
Adidas has announced the early renewal of its long-standing partnership with the German Football Association (DFB) to 2026. The move was described as a demonstration of trust in the German football team, despite its defeat in the recent World Cup, and as a sign of support for the promotion of ...
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News briefs
Adidas has launched the Tango app for the football community,...
Adidas has launched the Tango app for the football community, and as a rallying point for participants in the Tango League, a grassroots football competition. The group said that the app became available on Sept. 3 in the U.S., the U.K., Germany, France and Spain, to help football enthusiasts ...
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Short stops
After operating a temporary store at Dover Street Market since...
After operating a temporary store at Dover Street Market since January, Stüssy has opened a full-fledged, permanent store in the Soho district of the British capital, adding to its other European locations in Madrid, Milan and Amsterdam
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Article
Alibaba grows fast, earning less, and expands in Russia
Alibaba Group Holding continued to grow fast in the first fiscal quarter ended June 30, but its gross margin fell to 11.0 percent from 29.2 percent in the year-ago period, the lowest level since the leading Chinese e-commerce operator went public in 2014.Due also to extraordinary charges and high investments ...
