Retail insights from the sporting goods industry – Page 162
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News briefs
Beating analysts' expectations, Alibaba Group Holdings reported a 32 percent...
Beating analysts' expectations, Alibaba Group Holdings reported a 32 percent increase to $3.49 billion in revenues for the second quarter of its financial year, ended on Sept. 30. Sales through mobile devices nearly tripled to $1.66 billion. The total gross merchandise volume on its Chinese marketplaces went up by 28 ...
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Article
Adidas projects buoyant football sales
Instead of the usual glitz and football stars on a podium, the Adidas ball for the group stages of the European championship finals in 2016 was unveiled by Zinedine Zidane on his Instagram account earlier this month. The blue, white and red color design of the Beau Jeu is reminiscent ...
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Adidas CEO suggests Fifa reforms
Herbert Hainer, the Adidas Group's chief executive, suggested to Wirtschaftswoche earlier this month that Fifa ought to set limits to the age and terms of the Fifa president. He added that the global football organization's president should be more like a chief executive, operating under a supervisory board.It was the ...
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Adidas gets India’s go-ahead for its own format stores
The Adidas Group has obtained approval from the Indian government to open fully owned Adidas-branded stores in the country. Dave Thomas, managing director of the Adidas Group in India, said in a statement that the company intends to start opening larger stores under full ownership in the second half of ...
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News briefs
The prospective change of chief executive at the Adidas Group,...
The prospective change of chief executive at the Adidas Group, scheduled for 2017 at the latest, is leading to increasing speculation, with a report in Der Spiegel that leading executives from several rival companies were approached for the job. Adidas confirmed in February that it had launched a formal search ...
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News briefs
Adidas has inked a five-year agreement with Louisiana Tech University...
Adidas has inked a five-year agreement with Louisiana Tech University Athletics to outfit its 16 men's and women's teams in Adidas uniforms, apparel, footwear and equipment through the 2021-22 season. The partnership starts in July, except for women's basketball because that team has one year left on a deal with ...
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Short stops
New Balance is opening its first store in Berlin...
New Balance is opening its first store in Berlin
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News briefs
Decathlon is deploying radio frequency identification (RFID) chips in more...
Decathlon is deploying radio frequency identification (RFID) chips in more than 400 stores around the world and extending its RFID source-tagging program to millions of products. Checkpoint Systems is acting as service provider, supplying the encoded labels to vendors through its service bureaus in Asia and Europe. RFID-based antennas have ...
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News briefs
Sport Partner reports that Decathlon is opening two stores in...
Sport Partner reports that Decathlon is opening two stores in the Netherlands, in Rotterdam city center and in the southern city of Breda. While the French retailer's expansion long appeared to be stuck in the Netherlands, the two openings will increase the network from four to six stores. The location ...
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Short stops
Sports Direct is opening a second Spanish store in Madrid,...
Sports Direct is opening a second Spanish store in Madrid, after one in Zaragoza
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News briefs
Puma opened a flagship store in the trendy Hackescher Markt...
Puma opened a flagship store in the trendy Hackescher Markt area of the German capital last week. The new store in Berlin Mitte has adopted Puma's Forever Faster concept on a surface of about 450 square meters. It offers a range of performance and sport style products, along with exclusive ...
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News briefs
The third Oakley store in Germany has opened in a...
The third Oakley store in Germany has opened in a very sporty area of Munich. The 130-square-meter store is located on the central Sendlinger Strasse, right next to The North Face. It is operated by a retailer who also has a Nike shop in the same area. Oakley's two other ...
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News briefs
Mountain Warehouse, one of the major outdoor retailers in the...
Mountain Warehouse, one of the major outdoor retailers in the U.K., is launching a new chain of stores, called Zakti, that will cover gym, yoga, running, cycling, snow sports, dance and swimming, according to Retail Week. Competing against Sweaty Betty, it will initially target women. Zakti is opening two stores ...
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News briefs
Nautilus saw its revenues increase by 19.7 percent to $70.7...
Nautilus saw its revenues increase by 19.7 percent to $70.7 million for the third quarter. An increase of 24.3 percent in direct sales to $42.9 million was driven by demand for the Bowflex Max Trainer range, while cardio products and Select Tech dumbbell sales supported a retail sales gain of ...
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News briefs
Crocs reported a net loss of $27.8 million for the...
Crocs reported a net loss of $27.8 million for the third quarter, compared with net earnings of $12.0 million in the year-ago period. The loss came after non-recurring and special charges of $8.6 million in the latest period, compared with charges of $17.4 million a year earlier. Revenues declined ...
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News briefs
Fitbit reported sales of $409.3 million for the third quarter,...
Fitbit reported sales of $409.3 million for the third quarter, which was more than double the turnover of $152.9 million reached in the same quarter last year. The U.S. maker of connected health and fitness products said it sold 4.8 million devices during the quarter, but its net income shrank ...
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News briefs
The Brazilian sporting goods market increased by 6.7 percent to...
The Brazilian sporting goods market increased by 6.7 percent to 15.1 billion reais (€3,693.7m-$3,974.6m) in 2014, according to a local market research company, Iemi, which studies mainly the footwear and apparel segments. The growth is expected to soften to 2.5 percent this year. About one-third of the turnover is being ...
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Article
Sneaker trends and key accounts lift Adidas’ sales in Europe
As detailed above, the strong performance of the Adidas Group in the third quarter was lifted by a 20.1 percent jump in the sales of the Adidas and Reebok brands in Western Europe. Their turnover in the region reached €1,404 million, up by 18.0 percent in local currencies. The management ...
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Article
Buoyant quarter at Adidas, cuts in golf business
The Adidas Group enjoyed an impressive sales increase for the third quarter, which encouraged the company to raise its guidance for the full year. Sales jumped by 17.7 percent to €4,758 million, amounting to a rise of 13 percent in constant currencies, with ample sales and profit gains in Western ...
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Article
Hainer says Adidas is untarnished by football scandals
While savoring the company's performance for the third quarter, the Adidas Group's chief executive, Herbert Hainer, had to brave questions about the turbulence at Fifa and the German football federation (DFB), which are both Adidas partners.Hainer said in a conference call that the uptick in Adidas' sales indicated that consumers ...
