Retail insights from the sporting goods industry – Page 152
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Article
Adidas posts a strong Q3, driven by sneakers
The Adidas Group reported a strong lift in third-quarter sales, which rose 17 percent on a currency-neutral basis, and the new management confirmed that it is on track to meet targets for a record year. In reported euros, group sales went up by 14 percent to €5,413 million.Adidas brand sales ...
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News briefs
Blue Tomato, the Austrian-based action sports retailer owned by Zumiez,...
Blue Tomato, the Austrian-based action sports retailer owned by Zumiez, opened its first store in Switzerland. Managed by Danijel Susic, is located in Zurich and covers 530 sqm on two floors, offering products from the snowboard, skateboard and surf segments as well as streetwear, shoes and accessories. Blue Tomato now ...
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Article
Adidas’ new CEO launches Reebok’s overhaul
In his first public speech after taking the helm of the company on Oct. 1, Adidas' new chief executive, Kasper Rorsted, took the opportunity of the group's strong third-quarter results to give an insight into his plans for the group.While confirming the planned divestiture of TaylorMade, Adams and Ashworth, for ...
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News briefs
The Adidas Group is resuming its share buyback program today,...
The Adidas Group is resuming its share buyback program today, based on the authorization given at its annual meeting on May 12. After two previous tranches of stock repurchases conducted in the last two years, involving a total of 9,018,769 shares that represented 4.31 percent of its share capital, the ...
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News briefs
Adidas confirms that it has sealed a partnership with Kristaps...
Adidas confirms that it has sealed a partnership with Kristaps Porzingis, a fast-rising Latvian player in the National Basketball Association (NBA). The Vertical writes that the agreement was signed for seven years and that it makes Porzingis the highest-paid European sneaker endorser in NBA history. The publication puts the deal ...
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News briefs
Adidas has collaborated with Parley for the Oceans, an organization...
Adidas has collaborated with Parley for the Oceans, an organization dedicated to reducing plastic waste in oceans, on the first mass-produced footwear made of recycled plastic from oceans. Last year, the collaboration had created a 3-D printed prototype, which is now turning into actual pairs of shoes that customers can ...
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Article
Alibaba posts higher-than-expected sales
Alibaba posted sales of 34.3 billion yuan renminbi (€4.6bn-$5.1bn) for the quarter to Sept. 30, representing a 55 percent increase on an annualized basis. For the second consecutive quarter sales exceeded Wall Street's expectations. Income from operations was RMB 9,045 million (€1,201.8m-$1,337.8m) against RMB 6,395 million in the comparable quarter ...
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News briefs
The Philippines are the latest Asian country where the Decathlon...
The Philippines are the latest Asian country where the Decathlon group has confirmed a store opening, to take place next spring in Alabang, near Manilla. The store of 3,000 square meters is to sell only private labels, covering about 70 sports. The French group indicates that the largest categories in ...
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News briefs
The first flagship store of Canada Goose has been officially...
The first flagship store of Canada Goose has been officially opened in the brand's hometown of Toronto. It covers 4,500 square feet in the city's Yorkdale Shopping Centre. Among other services, customers can book appointments with some of the brand's “ambassadors.” They can leave items purchased in storage while they ...
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Short stops
JD Sports Fashion is opening its biggest store in Spain...
JD Sports Fashion is opening its biggest store in Spain and the 23rd one in the country, covering more than 500 square meters in the Splau de Cornellà shopping center of Llobregat, near Barcelona
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News briefs
Sport-Tiedje, a German retailer of fitness equipment, has signed a...
Sport-Tiedje, a German retailer of fitness equipment, has signed a contract with Karstadt Sports for the distribution of its products for the next three years. In 21 Karstadt Sports stores in Germany, Tiedje will introduce its shop-in-shop concept on 60-110 sqm, with three employees per store. Sport-Tiedje has 45 stores ...
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News briefs
Decathlon opened its first store in the recently created W1...
Decathlon opened its first store in the recently created W1 shopping mall in Hamburg. On 3.000 sqm, the store presents about 35,000 sports items for more than 70 different sports with a focus on running, water sports and mountaineering. Decathlon now has more than 1,000 stores worldwide and 30 stores ...
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News briefs
Lenzing has reported a net profit of €94.6 million for...
Lenzing has reported a net profit of €94.6 million for the first half of 2016, which represents an increase of 83.9 percent over the same period of last year. The Austria-based maker of botanic cellulose fiber attributed this strong performance to the implementation of a new strategy focusing on environmentally-friendly ...
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Article
Adidas unveils Speedfactory shoe
Adidas unveiled the first shoe made at its fully automated German factory last month. The Futurecraft MFG (Made For Germany) that came out of the Adidas group's Speedfactory in Ansbach is one of the most tangible results of the latest innovation in footwear manufacturing, moving toward increasingly customized production that ...
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News briefs
The Adidas flagship store in Berlin's Tauentzienstrasse joined forces with...
The Adidas flagship store in Berlin's Tauentzienstrasse joined forces with Zalando in June in a pilot project to enable consumers to order in-store via the e-tailer's ZipCart app. With Zalando's app, shoppers can see what is in stock in the store and order what they want. The integrated commerce pilot ...
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News briefs
Adidas has filed a lawsuit against Bally's U.S. subsidiary in...
Adidas has filed a lawsuit against Bally's U.S. subsidiary in connection with several footwear designs. In its complaint, which was filed in U.S. District Court for the District of Oregon (Portland Division) in late August, the sports giant alleges that Bally is offering for sale and selling footwear featuring two ...
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News briefs
Adidas Golf has struck a multi-year apparel and footwear endorsement...
Adidas Golf has struck a multi-year apparel and footwear endorsement deal with Dustin Johnson. The brand has been working with Johnson for the last ten years. The extended deal comes as the hard-hitting player is enjoying an outstanding year, as 2016 PGA of America Player of the Year, 2016 US ...
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News briefs
Intersport Switzerland has announced that it will sell products on...
Intersport Switzerland has announced that it will sell products on the web starting in spring 2017 thanks to a new strategic partnership with Brack.ch, the online store of the Competec group. Shoppers will be able to buy online and collect their items at about 200 Intersport stores in the country, ...
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Short stops
Under Armour has slated new store openings in Philadelphia, Boston...
Under Armour has slated new store openings in Philadelphia, Boston and New York City's World Trade Center
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News briefs
Asics Corp. has opened the first directly managed Asics Tiger...
Asics Corp. has opened the first directly managed Asics Tiger store in the Shinsalbashi district of Osaka. The store sports a new logo for this brand, which the Japanese sports shoe company launched at the beginning of 2015 for a new collection of retro-athletic, sports-inspired lifestyle shoes that are not ...
