Retail insights from the sporting goods industry – Page 160
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News briefs
Adidas continues to sign new sponsorship deals in the U.S....
Adidas continues to sign new sponsorship deals in the U.S. It has inked a five-year contract to supply athletic footwear, apparel and accessories to the students of Northern Kentucky University competing in 17 sports through the 2020/21 season. The Big a is also taking the place of Nike as exclusive ...
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News briefs
Adidas gets a toehold in the French football team, sponsored...
Adidas gets a toehold in the French football team, sponsored by Nike, with a 10-year sponsorship control with Paul Pogba, a 22-year-old member of the team who did not have a footwear contract before. The deal is said to be valued at €40 million. Pogba is regarded as a star ...
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Article
A trio will run Adidas’ women’s segment
Creating two new positions, Adidas has named Nicole Vollebregt as global head of women's and Kerry Speake as global women's creative director. They will both work from Adidas America's office in Portland, Oregon. It has also retained Christine Day, who served as chief executive of Lululemon Athletica from 2008 to ...
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Article
Adidas raises guidance after buoyant year
The Adidas Group has upgraded its guidance for this year after it surpassed its targets for sales and earnings in 2015. About three weeks ahead of the scheduled publication of its annual results, the company said its turnover amplified by 16 percent to €16.9 billion last year, which was an ...
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News briefs
After a positive experiment in London last year and a...
After a positive experiment in London last year and a more recent one near its head office in Lille, Decathlon is opening a small “Connect Store” with an internet kiosk to access its online store in the center of Munich, says an executive of the company, confirming a report in ...
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News briefs
Grifone is marching ahead with an ambitious retailing program. The...
Grifone is marching ahead with an ambitious retailing program. The Spanish outdoor and ski brand has opened a second store in Barcelona. The first one, which began operations last spring, is located across from Vèrtic, the well-known outdoor retailer. Prior to that, Grifone opened two other stores last year: a ...
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News briefs
Nike has opened its largest Asian Jordan store in Hong...
Nike has opened its largest Asian Jordan store in Hong Kong, emulating the design of the Jordan store in Chicago. The brand is also getting ready to open an 850-square-meter Nike flagship in the center of Paris, located in the renovated and expanded Forum des Halles. Contrary to some press ...
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Short stops
Sport Partner reports that Damy Rutjes, who has been running...
Sport Partner reports that Damy Rutjes, who has been running Runnersworld in the Netherlands since 2012, is leaving the retail company to join IGM Holding, a Dutch group specializing in retail franchises for bathroom appliances
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News briefs
While opening its ninth Spanish brand store in the center...
While opening its ninth Spanish brand store in the center of Salamanca, Joma says it plans to open ten new corporate stores in the country over the next two years. The next one will be inaugurated shortly in Zaragoza. The Spanish athletic footwear company is also planning to open corners ...
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News briefs
Evasion Running, a well-known Spanish specialty retailer, has reportedly closed...
Evasion Running, a well-known Spanish specialty retailer, has reportedly closed down its biggest store, which it had opened in Barcelona in 2011. It measured 600 square meters, offering the products of 90 different brands. The chain will keep its two corporate stores in Valencia, four other franchised shops in Spain ...
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News briefs
Adidas has announced a multi-year deal to become the official...
Adidas has announced a multi-year deal to become the official all-sports apparel provider of Western Carolina University (WCU), a public university located in Cullowhee, North Carolina that runs 16 intercollegiate sport programs. The five-year partnership is effective July 1, 2016. Previously, several WCU sports had independently used the brand's products ...
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News briefs
The Adidas Group declined to comment on a report in...
The Adidas Group declined to comment on a report in Marca, the Spanish newspaper, that the brand was discussing a ten-year deal worth €140 million per year with Real Madrid. Demands were predicted to escalate in the market for kit contracts with leading football teams, after Adidas agreed to pay ...
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News briefs
The Adidas Group has denied a report by the BBC...
The Adidas Group has denied a report by the BBC earlier this month that it intends to put a premature end to its contract as an official partner of the International Athletics Federation (IAAF), describing it as inaccurate. Media reports claimed that Adidas wanted to end the eleven-year contract, which ...
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Article
Fanatics bags Kitbag
Kitbag, a British-based online retailer specializing in team sports products, has been acquired by Fanatics at a price of £11.55 million (€15.1m-$16.9m). The purchase will support the European expansion of Fanatics, a major U.S. player in the market for officially licensed sports merchandise.Kitbag had apparently caught the eye of Sports ...
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News briefs
Zalando said it booked a 30 percent sales increase in...
Zalando said it booked a 30 percent sales increase in the fourth quarter of 2014 to a level expected to range between €865 million and €872 million, generating an adjusted operating margin (Ebit) of between 7 and 9 percent. With that, the German-based e-tailer reached an Ebit margin of between ...
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Article
Henkel chief to lead Adidas Group
The supervisory board of the Adidas Group ended up picking an outsider as it decided that Kasper Rorsted, chief executive at Henkel, should take over from Herbert Hainer as the CEO of the German sports company from the start of October. The 53-year-old Danish manager will start at Adidas by ...
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News briefs
Adidas has announced the release of its first laceless football...
Adidas has announced the release of its first laceless football cleat, indicating that it will help its players to control the game better than before. It will be worn by sponsored football players from Jan. 23. Lotto, which launched its first laceless football boot ten years ago, had no comment ...
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News briefs
Adidas is honoring Leo Messi's record fifth Ballon d'Or win...
Adidas is honoring Leo Messi's record fifth Ballon d'Or win on Jan. 11 with a custom ultra-luxe version of the Messi 15 football boot. The special edition of the Messi 15 features platinum elements, something Adidas claims has never been seen before on a football boot. Messi's and Adidas' logos ...
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News briefs
The Adidas Group ended last year with a closetful of...
The Adidas Group ended last year with a closetful of awards for its corporate social responsibility (CSR) efforts in China. As detailed in a company statement, Adidas Greater China was listed by the CSR Research Center of the Chinese Academy of Social Sciences as one of the top ten multinational ...
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News briefs
Kering, along with Adidas and H&M, was named as one...
Kering, along with Adidas and H&M, was named as one of the most sustainable corporations in the world following its inclusion in the 2016 Corporate Knights' Global 100 index, which was published at the World Economic forum in Davos, Switzerland, on Jan. 22. It is the first time that the ...
