Retail insights from the sporting goods industry – Page 162
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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 ...
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News briefs
Adidas is offering design resources and financial assistance to high...
Adidas is offering design resources and financial assistance to high schools in the U.S. that want to change their mascot names and identities, to move away from mascots with “potentially harmful” Native American imagery or symbolism. Aligned with the Adidas Group's “open source” strategy, the voluntary initiative was announced in ...
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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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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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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
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
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
Decathlon opened its first store in Thailand earlier this month,...
Decathlon opened its first store in Thailand earlier this month, as part of a program to open five stores in Bangkok by the end of November. The stores are to be spread across the capital, including one right in the center, and they should cover between 1,700 and 2,700 square ...
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Short stops
Volcom has opened its first Mexican store at the Centro...
Volcom has opened its first Mexican store at the Centro Santa Fe in Mexico City, one of Latin America's largest shopping malls, and the action sports brand is to open a second Mexican store toward the end of the first quarter next year
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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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News briefs
Zalando warns investors that its sales will be up by...
Zalando warns investors that its sales will be up by between 33 and 35 percent in 2015, up from a previously forecast range of 28-31 percent, but they will generate an operating margin of 3 to 4 percent, less than the anticipated margin of 4-5 percent. The updated forecast for ...
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News briefs
The North Face was planning to inaugurate its first store...
The North Face was planning to inaugurate its first store in Portugal on Oct. 17 in the presence of João (José Silva Abranches) Garcia, the first Portuguese mountaineer to have reached the summit of Mount Everest without supplementary oxygen in 1999. A year later, after reaching the top of Annapurna, ...
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News briefs
New Era has opened its U.K. flagship location in London,...
New Era has opened its U.K. flagship location in London, at 40 Carnaby Street. The 1,540-square-foot store, which was inaugurated on Sept. 30, is split across two floors. The store features an embroidery machine where shoppers can customize their hats in only about 20 minutes. In addition, another featured service ...
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News briefs
Ochsner Sport, the Swiss-based subsidiary of Deichmann specializing in sports...
Ochsner Sport, the Swiss-based subsidiary of Deichmann specializing in sports retailing, will take over Sport Sperk, a German chain of 13 sporting goods stores based in Bavaria, with effect from Jan. 1, provided it gets regulatory approval. The stores include a factory outlet and a bike shop, and six of ...
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News briefs
Fusalp, the iconic French brand of skiwear and lifestyle clothing...
Fusalp, the iconic French brand of skiwear and lifestyle clothing taken over by members of the Lacoste family, has opened a 110-square-meter boutique on rue des Blanc-Manteaux, in the heart of the Marais district of Paris. Three franchised stores are due to open in the French ski resorts of Megève, ...
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Short stops
Moncler has opened its first store in Boston
Moncler has opened its first store in Boston
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News briefs
Intersport Austria has launched a new promotion to get young...
Intersport Austria has launched a new promotion to get young customers to register for a loyalty card. Depending on their age, customers who are 16 to 18 years old can get a discount of 16, 17 or 18 percent on the purchase of their favorite product in affiliated stores once ...
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Short stops
Alibaba is reportedly planning to open offices in Germany, France...
Alibaba is reportedly planning to open offices in Germany, France and Italy to persuade more European vendors to use Tmall and other internet platforms within the group for the sale of their products in China
