Retail insights from the sporting goods industry – Page 152
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Article
Bullish new CEO upgrades Adidas targets
About two years after the launch of Creating the New, the Adidas Group has raised targets for its five-year expansion plan, to reach sales of between €25 billion and €27 billion by 2020, with an operating margin of 11 percent for the Adidas and Reebok brands.The upgraded targets were outlined ...
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Article
Adidas gathers growing sales and profit
Ending the year with another buoyant quarter, the Adidas Group has continued its growth spurt with a sales rise of 14.0 percent to €19,291 billion, up by 18 percent in constant currencies, and with improved profit margins.Kasper Rorsted, the group's new chief executive, attributed much of the performance to Creating ...
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News briefs
Nike and Adidas have both hit headlines in the last...
Nike and Adidas have both hit headlines in the last weeks with efforts to make shoes that help athletes to run a marathon in less than two hours. Adidas has been working on it with the Sub 2 program, leading to the launch of the Adizero Sub2 shoes used by ...
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News briefs
Adidas has decided to put an end to its long-standing...
Adidas has decided to put an end to its long-standing relationship with Olympique de Marseille, an emblematic French football club. This comes after the club was sold last year by the widow of Robert Louis-Dreyfus, the former shareholder and chief executive of Adidas, to an American businessman, Frank McCourt. The ...
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News briefs
Adidas and Euroleague Basketball have announced an extension of their...
Adidas and Euroleague Basketball have announced an extension of their existing relationship that will expand Adidas' commitment to the Turkish Airlines EuroLeague, the 7DAYS EuroCup and the Euroleague Basketball Adidas Next Generation Tournament. Adidas basketball shoes will be integrated in EuroLeague and EuroCup platforms. In addition, the sports brand has ...
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News briefs
We understand that Blue Tomato, the Austrian-based online and offline...
We understand that Blue Tomato, the Austrian-based online and offline action sports retailer that has been spreading into Germany, as looking at a potential entry into two other European countries. Meanwhile, its American parent company, Zumiez, intends to open four more physical Blue Tomato stores in Europe this year, along ...
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Article
Zalando buys a basketball-oriented store chain
Zalando has announced the acquisition of Kickz, a German chain of streetwear and sneaker shops, for an undisclosed amount. The big European e-tailer said the acquisition is to further strengthen its position in the sports and lifestyle segment, especially in the basketball category. It will also allow Zalando to address ...
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News briefs
MySale Group, an international flash sale business in which Sports...
MySale Group, an international flash sale business in which Sports Direct International (SDI) holds a minority stake, said that its strategic partnership with the British retailer and wholesaler has become operational. As previously announced, the partnership gives MySale access to more than 150,000 SKUs of Sports Direct's inventory. Due to ...
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Short stops
K-Way will open its first U.K. store in London's Covent...
K-Way will open its first U.K. store in London's Covent Garden area in May
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Short stops
Moncler is about to add 500 square meters to its...
Moncler is about to add 500 square meters to its store on via Montenapoleone, the premier fashion shopping street of Milan
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News briefs
Adidas has promoted Arthur Hoeld to the position of senior...
Adidas has promoted Arthur Hoeld to the position of senior vice president of brand strategy and business development. The manager, who has been with the group since 1998, is getting rewarded for his successful work as general manager of its fast-growing Adidas Originals segment since 2011, first as senior vice ...
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News briefs
Adidas has filed a lawsuit against Puma in the federal...
Adidas has filed a lawsuit against Puma in the federal court of Portland, Oregon, charging that the four stripes on the Empower Vigor 1 Camo FG cleated shoe create confusion in the market with its own three-stride trademark. The stripes on Puma's shoe appear as extensions of the lacing system, ...
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Short stops
Adidas will replace Nike as the official supplier of Rutgers...
Adidas will replace Nike as the official supplier of Rutgers University and its Scarlet Knights team from next July
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News briefs
Adidas and Burberry won a “Gold Class” award in the...
Adidas and Burberry won a “Gold Class” award in the Corporate Sustainability Assessment (CSA) carried out by RobecoSAM among 840 companies that are included in the Dow Jones Sustainability Index. Both companies got a score of 60 points or more. Kering, parent company of Puma, qualified for Silver Class with ...
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News briefs
Deuter launched a couple of new digital services for retailers...
Deuter launched a couple of new digital services for retailers last year. The company is offering them all the product descriptions for their online stores or websites. With a “Bazar Voice” program, Deuter collects all comments and evaluations made for its products online. Retailers are then able to add them ...
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News briefs
Asics has reopened its 2,800-square-foot flagship store in Tokyo's Ginza...
Asics has reopened its 2,800-square-foot flagship store in Tokyo's Ginza district after its renovation. It was the brand's first direct outlet when it opened in 2007.
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News briefs
The Adidas Group has set up a “Storefactory” at a...
The Adidas Group has set up a “Storefactory” at a pop-up store in Berlin, Knit for You, where customers can design their customized merino wool sweater and have it made for them in the store within a few hours. Knit for You takes advantage of technologies such as body scanning ...
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News briefs
Adidas AG has completed the third tranche of a share...
Adidas AG has completed the third tranche of a share buyback program initiated on Nov. 7 and terminated on Jan. 31 as scheduled. The company bought 2,128,200 shares at an average share price of €140.96, for a total price of €299,999,851, including purchasing costs. These treasury shares represent 1.02 percent ...
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News briefs
Adidas and Wanderlust are launching a new co-branded yoga and...
Adidas and Wanderlust are launching a new co-branded yoga and training apparel collection, building on the multi-year partnership the two companies began in February 2016. The 42-piece collection includes tanks, tights, bras, pants, hoodies and a range of accessories. The color palette is inspired by the active calm of yoga ...
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Short stops
Roland Auschel, chief sales officer of the Adidas Group, will...
Roland Auschel, chief sales officer of the Adidas Group, will participate with other personalities including Kim Roether, president of Intersport Germany and Intersport International, in a symposium on digitalization in the industry on Monday during the Ispo trade show in Munich
