Retail insights from the sporting goods industry – Page 155
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News briefs
Adidas has unveiled a new jersey for the New Zealand...
Adidas has unveiled a new jersey for the New Zealand All Blacks rugby team. The jersey, which comes after two years of development in collaboration with the team itself, features a new fabric which has been digitally woven together. This manufacturing process is said to help reduce the likelihood of ...
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News briefs
Adidas and London-based Palace Skateboards have launched their new collaboration...
Adidas and London-based Palace Skateboards have launched their new collaboration with a humorous video that makes fun of Adidas' serious sportswear campaign. The collection includes tracksuits, terry hoodies, socks, hats, crewnecks as well as the new Palace Indoor sneaker, which is similar to Adidas' retro Superstar shoe but with recent ...
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News briefs
Adidas has unveiled a fully biodegradable running shoe made from...
Adidas has unveiled a fully biodegradable running shoe made from Biosteel fiber, a nature-based and completely biodegradable replication of natural silk. The Futurecraft Biofabric, which has been developed in partnership with AMSilk, was presented on Nov. 17. at the Biofabricate Conference in New York, where Adidas and AMSilk also announced ...
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News briefs
Arc'teryx is opening its first French flagship in Chamonix, the...
Arc'teryx is opening its first French flagship in Chamonix, the famous skiing resort in the Haute-Savoie department. The store will be operated in partnership with Jean-François Coquoz, a local retailer. The 100-square-meter store is located at 306 rue Paccard, in the center of the French town. The move is part ...
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News briefs
New Balance and Reebok have both opened flagship stores in...
New Balance and Reebok have both opened flagship stores in Milan's Piazza Gae Aulenti, which has become a major destination for sports and fashion stores. Nike and Colmar already have stores there. Reebok's flagship is an “experience store” where customers can get discounts of between €10 and €100 depending on ...
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News briefs
Go Sport is launching Go Sport Montagne, a new banner...
Go Sport is launching Go Sport Montagne, a new banner for mountain enthusiasts, just a few months after the launch of another new banner called Bike+. For Go Sport Montagne, the French retailer is looking at 100 franchised stores, which will rely on the network of sporting goods retailers affiliated ...
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News briefs
China will overtake the U.S. to become the world's biggest...
China will overtake the U.S. to become the world's biggest retail market in 2016, with estimated total sales of $4.886 trillion, compared with $4.823 trillion for the U.S., according to Emarketer. The New York-based research firm added that China will remain the world's largest retail e-commerce market, with sales forecast ...
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News briefs
Sprinter, the growing Spanish chain of sporting goods stores controlled...
Sprinter, the growing Spanish chain of sporting goods stores controlled by JD Sports Fashion, and JD Sports opened new stores simultaneously in the Nevada shopping center of Granada at the end of November. The new Sprinter store with 570 sqm is the chain's fifth one in Granada, while the new ...
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Short stops
Reebok has opened its first Spanish Fithub concept store in...
Reebok has opened its first Spanish Fithub concept store in partnership with a local retailer in a shopping center of Murcia
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News briefs
Nike has inaugurated a five-story, multisport store in New York...
Nike has inaugurated a five-story, multisport store in New York City's SoHo, one of the trendiest neighborhoods in town. The 55,000-square-foot store, which is located at 529 Broadway, features on the fifth floor the Nike+ Basketball Trial Zone, where customers can shoot hoops and test basketball shoes, helped by in-store ...
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News briefs
Marking the opening of its new flagship store on New...
Marking the opening of its new flagship store on New York's at 565 Fifth Avenue, Adidas is offering the exclusive possibility to get its Ultra Boost shoes customized with special colors and options. It has used the occasion to launch some new models including the much-awaited Triple Black Ultra Boost ...
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News briefs
Nike is reportedly set to open a store of 3,000...
Nike is reportedly set to open a store of 3,000 square meters in early 2017 on Moscow's Kuznetsky Most, which will be the largest in Russia and in Eastern Europe. It was announced by A3 Retail Group, one of Nike's partners in Russia, which manages eight Nike brand stores and ...
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News briefs
Decathlon has inaugurated a logistical platform of about 40,000 square...
Decathlon has inaugurated a logistical platform of about 40,000 square meters near Barcelona, in the industrial park of Can Margarit in Sant Esteve Sesrovires. Called the CAR Barcelona, it brings together two other centers and will thus serve as a distribution center for about 40 stores in all of Catalonia, the ...
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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 ...
