Retail insights from the sporting goods industry – Page 149
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News briefs
Kasper Rørsted, the new chief executive of the Adidas Group,...
Kasper Rørsted, the new chief executive of the Adidas Group, is the most popular manager in the German fashion industry, according to Glassdoor. The company, which operates an employment and recruitment platform, recently released its list of the ten most popular managers in the country. Glassdoor's list includes managers from ...
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Nike to work more closely with Amazon and Zalando
Zalando has unveiled plans to double in size by 2020, raising its annual sales from €3.6 billion to €7.6 billion, as part of an ambitious new strategy that will include providing new services to brands like Adidas and Nike. Founded in Berlin in 2008, the German company has quickly expanded ...
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Yet another Spanish voluntary group, Anzamar, is launching its own...
Yet another Spanish voluntary group, Anzamar, is launching its own chain of sneaker shops, called Black Laces. The first one will open next month at Los Barrios, near Algeciras, to be followed by another one at Jaén in August or September.
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News briefs
Canada Goose told investors at the recent Baird Global Consumer,...
Canada Goose told investors at the recent Baird Global Consumer, Technology & Services Conference that it is planning to have no more than 20 physical stores in place by 2020 because its business is still largely seasonal, but as previously reported, it is investing heavily in e-commerce, particularly now in ...
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News briefs
Intersport France has stated that it wants to become the...
Intersport France has stated that it wants to become the second-largest sporting goods retailer in Belgium, where it now has only six stores, compared with 639 in France. We estimate that Intersport was in sixth place in a market dominated by Decathlon in 2015. After closing many stores, Intersport opened ...
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News briefs
As the outcome of Britain's general election earlier this month...
As the outcome of Britain's general election earlier this month caused a sharp fall in the exchange rate of the pound against the dollar, Sports Direct International (SDI) said that its exchange rate for these currencies was fully hedged for the fiscal year until April 2018 at a rate of ...
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Karstadt buys more online marketplaces
Karstadt Warenhaus and its Austrian parent company, Signa Retail, have taken a stake of 70 percent in Hood.de, a popular German marketplace, in order to turn the department store group into an omni-channel marketplace. The shares were formally bought by Karstadt Marktplatz, a joint venture between Karstadt Warenhaus and Signa ...
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News briefs
Lacoste unveiled a new global store concept in early June...
Lacoste unveiled a new global store concept in early June that features a stronger and more immersive brand experience. Located at Westfield White City in Shepherd's Bush, London, the 140-square-meter boutique celebrates the heritage of the French premium lifestyle brand. The central feature is The Polo Wall, which features Lacoste ...
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News briefs
Launching a new store concept, Dainese has inaugurated a store...
Launching a new store concept, Dainese has inaugurated a store in Berlin for its motorcycling and sports apparel and protection products. It has a Custom Works room for special projects.
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News briefs
Volcom has opened a flagship store on rue du Faubourg-Saint-Antoine...
Volcom has opened a flagship store on rue du Faubourg-Saint-Antoine in Paris, near the Bastille and close to several other mono-brand shops including the Jordan store recently opened by Foot Locker. It covers 200 square meters of space on two floors. Volcom now has 18 directly owned or partner-owned stores ...
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News briefs
Mundo Mammoth, one of the major physical and online retailers...
Mundo Mammoth, one of the major physical and online retailers for bicycles in Spain, has announced an agreement to integrate its operations into those of Barrabès Esquí y Montaña, the leading Spanish outdoor and ski retailer, which has adopted a hybrid online/offline retail structure since it launched its web store ...
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News briefs
Adidas has recruited Kendall Jenner, the 21-year-old supermodel and reality...
Adidas has recruited Kendall Jenner, the 21-year-old supermodel and reality TV star, as brand ambassador for Adidas Originals. She personally made the announcement to her 81 million followers on Instagram. Jenner's brother-in-law, Kanye West, already has a highly popular collaboration with Adidas since 2013 for its Yeezy Boost. Her sister, ...
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News briefs
Zalando released details of a planned new €30 million logistics...
Zalando released details of a planned new €30 million logistics center in Sweden. Located in Brunna near Stockholm, the distribution center will be operational by the end of the year, with up to 300 employees. The goal is to significantly reduce the time required fopr deliveries of parcels in all ...
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News briefs
Under Armour (UA) has opened a 400-square-meter flagship store near...
Under Armour (UA) has opened a 400-square-meter flagship store near Bergamo, Italy, at the Oriocenter shopping center. It is the first flagship store for the U.S. activewear brand in Italy. The opening follows the signing of a seven-year distribution agreement for Italy with Oberalp in May 2016. The deal is ...
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News briefs
The Australian Financial Review reports that Decathlon, the French sports...
The Australian Financial Review reports that Decathlon, the French sports retailer, plans to open 100 stores in Australia. Decathlon moved into the Australian market about one year ago with an online store, as part of a much wider expansion plan that has seen it target markets in South East Asia ...
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News briefs
Der Spiegel reports that Adidas has agreed to pay €1...
Der Spiegel reports that Adidas has agreed to pay €1 billion for a new ten-year partnership with Real Madrid, based on the Football Leaks file. Earlier this year it had been reported that Under Armour was trying to replace the three stripes as the Spanish club's partner. According to the ...
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News briefs
Sport 2000 has introduced a new concept for the S2...
Sport 2000 has introduced a new concept for the S2 stores in France. S2 Sneakers Specialist, formerly S2 Street and Sport, is described as focusing particularly on digital tools and customization. The colors of the banner, black and yellow, have remained unchanged. The new store concept was presented in Nancy ...
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Adidas reshuffles the top deck
The executive board of the Adidas Group has been reshuffled with two new members announced last week, adding up to three appointments and two departures after Kasper Rorsted's arrival as chief executive in October. The changes have entailed the appointment of a new managing director for the Adidas Group in ...
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Adidas sells TaylorMade to a private equity firm
The Adidas Group has finalized an agreement to sell TaylorMade Golf for $425 million to KPS Capital Partners, a U.S. private equity firm. Adidas bought the company in 1997 as part of its acquisition of Salomon, the French ski equipment maker, at a price equivalent to about €1.2 billion for ...
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Adidas strides ahead
The Adidas Group continued to zoom ahead in the first quarter of this year, with an ample sales rise and a sharp improvement in operating profit margin, despite pressure in the Russian market and a decline in football apparel sales.The Adidas group's turnover was up by 18.9 percent to €5,671 ...
