Retail insights from the sporting goods industry – Page 157
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Article
Buoyant Adidas group upgrades guidance
The Adidas Group has raised its guidance for full-year sales and profits after a 17 percent sales hike to €4.8 billion in the first quarter, amounting to an increase of 22 percent in constant currencies. Supported by a higher gross margin and operating margin leverage, the group's operating profit for ...
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Article
Puma and Adidas in legal imbroglio around soles and stripes
A court in Düsseldorf has rejected an attempt by Adidas to prohibit the sale of running footwear by Puma with a lightweight and bouncy sole that has some of the same characteristics as the Boost soles of the Adidas brand.Adidas filed for an injunction to halt sales of Puma's NRGY ...
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News briefs
Nike is replacing Adidas as the sponsor of the University...
Nike is replacing Adidas as the sponsor of the University of Michigan's athletic department from next August. The 11-year contract is valued at $127.1 million. It gives Nike an option for a four-year extension.
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News briefs
Adidas has announced the removal of plastic shopping bags from...
Adidas has announced the removal of plastic shopping bags from its own retail stores globally. The announcement was made on April 22, to celebrate Earth Day while reiterating the company's commitment to sustainability. The switch to paper bags has already begun, with Russia and Kazakhstan following in June. Adidas has ...
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News briefs
Billabong has inaugurated a new shop concept in a shopping...
Billabong has inaugurated a new shop concept in a shopping center near Toulon in France, called L'Avenue 83. It is the first of a series of store renovations that will be carried out throughout Europe. It has digital features. The atmosphere is bright. It plays on vibrant colors and the ...
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News briefs
Decathlon opened its largest store in Paris last week, with…
Decathlon opened its largest store in Paris last week, with a selling surface of 4,600 square meters in the northeast of the French capital. Decathlon says the new store in the 19th arrondissement covers 65 sports, it sells all of its private labels and offers services such as “click and ...
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News briefs
Under Armour is opening a 15,000-square-foot Brand House in Madison,...
Under Armour is opening a 15,000-square-foot Brand House in Madison, Wisconsin. The company is also reportedly going to open its first Brand House in Boston in November. With a size of 18,000 square feet, it would be second in size only to its flagship in Chicago, which measures 30,000 sqft. ...
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News briefs
The Austrian Sport 2000 voluntary group plans to install digital...
The Austrian Sport 2000 voluntary group plans to install digital kiosks at some of its partner stores, starting in May, allowing end customers to order products from its central warehouse for next-day delivery to their homes. Like Intersport Austria and Hervis Sport, Sport 2000 Österreich has apparently benefited from the ...
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Article
Alibaba acquires majority stake in Lazada
Alibaba Group Holding has made its largest overseas acquisition to date by buying a controlling stake in Lazada, an e-commerce company headquartered in Singapore, for one billion U.S. dollars. Alibaba will pay $500 million for new shares in the company and purchase an equal amount from the existing investors, which ...
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Article
Adidas invests in Portland and NYC
The Adidas Group is set to hire an additional 120 employees at its North American head office in Portland, Oregon, as the company continues to invest to regain U.S. market share. The number of group employees in Portland already increased from 850 to 1,200 last year, with the shift of ...
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Article
Adidas, Puma launch major sustainability initiatives
Adidas is retooling its sustainability policy through the launch of the “Sport needs a space” strategy, the new catchphrase that was revealed in its recent 2015 Sustainability Progress Report. “Sport needs a space” is the result of extensive consumer research the company has undertaken to gauge how important sport is ...
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Short stops
Adidas will sponsor Carlos Correa of the Houston Astros, who...
Adidas will sponsor Carlos Correa of the Houston Astros, who qualified as Rookie of the Year the Major League Baseball (MLB) American League in 2015
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Short stops
Gaastra has opened a store in Oslo after launching stores...
Gaastra has opened a store in Oslo after launching stores in Copenhagen, Malmö and Stockholm in the past few months
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Short stops
Moncler has opened a boutique at the Ala Moana Center...
Moncler has opened a boutique at the Ala Moana Center in Honolulu
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News briefs
Alibaba is the first e-commerce company to become a member...
Alibaba is the first e-commerce company to become a member of the International Anticounterfeiting Coalition (IACC), the non-profit organization devoted to combating product counterfeiting and piracy. The Chinese e-tailer has been working with the IACC since 2013 to identify and take down infringing listings on its Taobao and Tmall marketplaces, ...
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News briefs
Alibaba Group Holding will promote rugby in China as part...
Alibaba Group Holding will promote rugby in China as part of the development and sponsorship deal it signed with World Rugby on April 10. Alisports, the new group's sports division, said it plans to invest millions of U.S. dollars and make a long-term investment in the development of the sport ...
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News briefs
Signa Holding, the Austrian-based real estate company that controls Karstadt...
Signa Holding, the Austrian-based real estate company that controls Karstadt and Karstadt Sports, recently acquired a majority stake in Outfitter, a multi-channel sporting goods retailer, in order to support Karstadt Sports' online retail business. Signa Retail aims to position Karstadt Sports as Germany's biggest sporting goods retailer. Meanwhile, Karstadt Sports ...
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News briefs
In the framework of the brand's expansion in the running...
In the framework of the brand's expansion in the running category, Adidas recently opened its newest Runbase in the Berlin-Kreuberg section of Germany's capital city. The location is more than just a running store. It is meant to be a destination for local running communities, enabling them to try out ...
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Short stops
Leclerc, a French voluntary chain of supermarkets, is launching an...
Leclerc, a French voluntary chain of supermarkets, is launching an e-commerce site for football products, marketing all the jerseys and related accessories of the teams participating in the Euro 2016 championships in France
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News briefs
Decathlon is reportedly continuing its expansion drive in Germany, with...
Decathlon is reportedly continuing its expansion drive in Germany, with at least six more openings this year. After new stores in Munich, Stuttgart and Berlin, Textilwirtschaft writes that the next openings are to take place in May in Lübeck and Landshut-Ergolding. The list continues with Kaiserslautern in June, Hamburg in ...
