Retail insights from the sporting goods industry – Page 158
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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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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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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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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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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 ...
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News briefs
Paris' revamped Forum des Halles, whose modernization and expansion is...
Paris' revamped Forum des Halles, whose modernization and expansion is expected to cost around €1 billion, prominently features a new Nike store of 1,026 square meters under its new “canopy” roof and on one of its four corners. The store has dedicated areas for running, training, sportswear, men, women and ...
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News briefs
Merrell is launching an e-learning program for the personnel in...
Merrell is launching an e-learning program for the personnel in any stores in France, similar to one that it recently introduced in the U.K., and the brand may take similar initiatives in other countries based on the results. In France, salespeople who are handling the brand can connect with a ...
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News briefs
The North Face has reportedly leased a space of nearly...
The North Face has reportedly leased a space of nearly 20,000 square feet on Fifth Avenue at 43rd Street in New York City for its flagship store in the Big Apple. TNF already has two other smaller stores in the Upper West Side and Soho districts of Manhattan.
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News briefs
Stadium plans to grow significantly in the next five years,...
Stadium plans to grow significantly in the next five years, but mainly outside of Sweden, partly in Germany. In an interview with a Swedish newspaper, Dagens Industri, Stadium's new chief executive, Karl Eklöf, said the goal is to grow from the present annual level of about 5.1 billion Swedish kronor ...
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Quiksilver has opened its second store in Indonesia, at Manado...
Quiksilver has opened its second store in Indonesia, at Manado Town Square in Sulawesi, offering the products of its Quiksilver, Roxy and DC brands
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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
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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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. ...
