Retail insights from the sporting goods industry – Page 160
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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 ...
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News briefs
Zalando, which bought the bankrupt Bread & Butter trade show...
Zalando, which bought the bankrupt Bread & Butter trade show in Berlin last June, says it will stage the first consumer-oriented B&B show on Sept. 2-4 at Arena Berlin, where the Bright and Seek trade shows were held earlier this week. Zalando was looking for a new site for its ...
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News briefs
Decathlon is continuing its foray into Southeast Asian markets with...
Decathlon is continuing its foray into Southeast Asian markets with the opening of a store in Singapore. After five openings in Thailand in the last few months, the French retailer is opening a store of about 3,000 square meters in Bedok and is planning a second opening in Singapore in ...
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Short stops
Nautilus has opened a 3,000-square-foot retail store at its headquarters...
Nautilus has opened a 3,000-square-foot retail store at its headquarters in Vancouver, Washington
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News briefs
Herbert Hainer, chief executive of the Adidas Group, told the...
Herbert Hainer, chief executive of the Adidas Group, told the Süddeutsche Zeitung that the company achieved sales of more than €2 billion in China last year, up from €1,811 million in 2014, making it the group's second-largest national market after the U.S. For this year the Adidas chief predicts buoyant ...
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News briefs
Zalando and the Adidas Group have been partnering since last...
Zalando and the Adidas Group have been partnering since last November on a pilot project. If the e-tailer runs out of stock of certain Adidas or Reebok products in certain sizes or colors, it can access the Adidas Group's own central distribution center in Germany, which will ship them directly ...
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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
North Sails has inaugurated its Spanish store, covering 190 square...
North Sails has inaugurated its Spanish store, covering 190 square meters on Carrer Consell in Barcelona. This takes up to 36 the number of corporate and franchised stores of the Italian company, which was acquired by a private equity fund in 2014. North Sails is planning other openings in Stockholm, ...
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News briefs
Robin Stalker, chief financial officer at the Adidas Group, told...
Robin Stalker, chief financial officer at the Adidas Group, told The Financial Times that the company was not facing pressure to divest activities. Speculation has been reported about such pressure after several influential investors built up stakes in Adidas this year: Southern Asset Management (SAM) in the U.S. and investment ...
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News briefs
Adidas has signed up Nick Young from the Los Angeles...
Adidas has signed up Nick Young from the Los Angeles Lakers, as part of its latest drive to invest in prominent U.S. team sports players. Young announced the deal when he turned up at a game against the Houston Rockets donning a pair of Adidas Yeezys, the shoes designed for ...
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News briefs
The China-based Alibaba Group has appointed a former U.S. federal...
The China-based Alibaba Group has appointed a former U.S. federal prosecutor, Matthew Bassiur, to lead a team that will work to enforce intellectual property protection at the company, in cooperation with international brands and retail partners, industry associations, government regulators, law enforcement agencies and other organizations. The move follows renewed ...
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News briefs
E-commerce in the Asia-Pacific region is expected to rise by...
E-commerce in the Asia-Pacific region is expected to rise by 35.7 percent in 2015, according to new figures from eMarketer. With sales hitting $877 billion, the region will be the largest e-tail market in the world. The growth is mostly driven by the rising middle classes in China, India and ...
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Short stops
Burton has opened two stores in Switzerland, in Flims and...
Burton has opened two stores in Switzerland, in Flims and in Laax, offering a full range of Burton and Anon products
