Retail insights from the sporting goods industry – Page 157
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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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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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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 Greek Fourlis Group reports improved results for its retail...
The Greek Fourlis Group reports improved results for its retail operations under the Intersport and The Athlete's Foot in five countries. Their sales increased by 5.6 percent to €129.2 million last year, and they generated slightly improved operating earnings before amortization (Ebitda) of €10.93 million. Fourlis currently operates 106 Intersport ...
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News briefs
L'Equipe, the French daily sports newspaper, has launched an internet...
L'Equipe, the French daily sports newspaper, has launched an internet marketplace for the sale of sporting goods as part of its efforts to capitalize on a huge audience with interest in sports. About one month after its launch in February, L'Equipe Store lists around 300 brands covering over 20 sports ...
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News briefs
Alibaba is likely to overtake Walmart as the world's largest...
Alibaba is likely to overtake Walmart as the world's largest retail platform in its fiscal year ending March 31. The Chinese e-commerce giant indicated that it had reached 3 trillion yuan renminbi (€412bn-$462bn) in gross merchandise value (GMV) as of March 21. The figure, achieved on the back of consumption-driven ...
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Short stops
Adidas has filed a suit in a Florida court against...
Adidas has filed a suit in a Florida court against 56 sellers of allegedly counterfeit Adidas, Reebok and Mitchell & Ness products on various websites in the U.S.
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Short stops
Adidas has collaborated with an unconventional Japanese streetwear designer, NIGO,...
Adidas has collaborated with an unconventional Japanese streetwear designer, NIGO, for a new Adidas Originals line being released next month
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Short stops
Adidas has confirmed its sponsorship of Paul Pogba, the young...
Adidas has confirmed its sponsorship of Paul Pogba, the young star player of Juventus team who is playing with the national French football team
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News briefs
Acting more like a marketplace, Zalando plans to introduce same-day...
Acting more like a marketplace, Zalando plans to introduce same-day delivery by sending orders directly from a retailer's store, instead of a warehouse, to the customer's home. Europe's largest online fashion retailer believes that this would shorten delivery times, increase stock availability and cut logistics costs in the long term. ...
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News briefs
Intersport France managed a retail sales increase of 10 percent...
Intersport France managed a retail sales increase of 10 percent to about €1.7 billion including VAT last year, with a comparable sales rise of 5.3 percent. The turnover covers its affiliated stores in France and Belgium, although the Belgian share is tiny with only five stores. Intersport estimated that its ...
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Short stops
Canada Goose will open a 4,000-square-foot store on Wooster Street...
Canada Goose will open a 4,000-square-foot store on Wooster Street in New York's SoHo district, on the premises of a Patagonia store that has relocated to another location on Greene Street in Lower Manhattan
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News briefs
Decathlon is opening its fourth store in downtown Paris on...
Decathlon is opening its fourth store in downtown Paris on April 6. Located at the crossroads of four major public transportation lines and measuring 4,600 square meters, it will be its largest urban store, employing 60 people. In an original move, it will allow only 19 seconds for candidates to ...
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News briefs
Dutch media reported earlier this week that Decathlon intends to...
Dutch media reported earlier this week that Decathlon intends to open a store in the Vroom & Dreesman (V&D) building in the center of The Hague, along with other city center stores in former V&D stores in Amsterdam and Utrecht. The V&D department store chain, an emblematic Dutch retailer with ...
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News briefs
Vaude, the German outdoor brand, has teamed up with Commerce...
Vaude, the German outdoor brand, has teamed up with Commerce Connector to lead consumers from its website to physical stores in Germany. From August, the Vaude website will tell consumers which nearby store has the product they want to buy, along with detailed information about the store's location and opening ...
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Short stops
Under Armour is opening a two-story Brand House at Walt...
Under Armour is opening a two-story Brand House at Walt Disney World in Orlando, Florida, offering an interactive experience to its visitors
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Article
Adidas thrives in Europe
The buzz around the Three Stripes remained vibrant in the last months, and the Adidas Group reported a few days ago buoyant quarterly sales, with rapid expansion in Europe – albeit aided by outsized marketing investments that hit profits.The company's sales in the fourth quarter of 2015 were up 15.4 ...
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Article
Adidas hails its “comeback”
The Adidas Group's performance last year marked what managers described as a remarkable comeback, after enduring a slump in golf and Russian sales and the perceived sluggishness that caused jitters among investors two years ago.Herbert Hainer, the company's outgoing chief executive, said that the new impetus was supported by a ...
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News briefs
Adidas is reinforcing its sports marketing investments in the U.K....
Adidas is reinforcing its sports marketing investments in the U.K. through a contract with Birmingham City, a second-division English club which is said to be likely to move back into the Premier League for the first time since 2011. The team was sponsored by Carbrini, the private label of JD ...
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News briefs
Adidas has signed a three-year deal as sponsor of Insep,...
Adidas has signed a three-year deal as sponsor of Insep, a big sports training center on the outskirts of Paris that hosts more than 200 coaches, 300 collaborators and 700 sportsmen and sportswomen. It helped train 56 percent of the members of the French Olympic team who earned medals at ...
