Retail insights from the sporting goods industry – Page 167
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Article
Adidas buys Runtastic for €220m
Based in Austria, Runtastic is said to be one of the three key digital app companies in the sports sector, with 70 million registered users around the world and 15 million active participants every month who use its 20-plus applications, offered in 18 different languages for a variety of endurance, ...
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Article
Golf drags down the Adidas Group
The Adidas Group has hired an investment advisor, understood to be Gugenheim Partners, to consider options for the sale of two non-core golf brands, Adams Golf and Ashworth, or perhaps even the whole TaylorMade-Adidas Golf (TMAG) segment, whose performance continued to drag down that of the group during the second ...
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News briefs
Adidas is looking for a successor for Jan Brecht, who...
Adidas is looking for a successor for Jan Brecht, who became chief information officer and head of its global supply chain last November, is returning to Daimler in the role of chief information officer. Brecht had already worked for Daimler for 12 years. He joined Adidas as CIO in 2009, ...
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News briefs
Adidas filed a suit against Sears in the U.S. District...
Adidas filed a suit against Sears in the U.S. District Court of Portland, Oregon on July 28, charging that the two- and four-striped shoes offered by the retailer have been infringing on the Big a's Three-Stripe logo. The lawsuit seeks injunctions, compensation and damages for alleged trademark infringement and dilution, ...
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News briefs
Alibaba, the huge Chinese-based internet company that owns Tmall.com, the...
Alibaba, the huge Chinese-based internet company that owns Tmall.com, the Taobao marketplace and a dozen other operations, has hired a Canadian-born executive, Michael Evans, as president in its bid to expand internationally. He reports to Daniel Zhang, the group's chief executive who succeeded Jonathan Lu in May. His initial task ...
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News briefs
Under Armour has opened its first Brand House in Thailand....
Under Armour has opened its first Brand House in Thailand. The 200-square-meter shop is a joint venture between UA's local distributor, Triple Private, and a local retailer, Sport Rev. UA already entered the market with an online store in April. The brand has nine other stores in the region, located ...
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News briefs
Asics has just opened its first performance store in France....
Asics has just opened its first performance store in France. The 590-square-meter store, which was inaugurated on July 31, is located in Paris at 6 rue d'Amsterdam, near the Saint Lazare railway station. The shop will sell Asics' complete running collection, sports performance categories including rugby and tennis, and the ...
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News briefs
Decathlon plans to open a store in the suburbs of...
Decathlon plans to open a store in the suburbs of Stockholm in the course of next year. It currently has only one store in Sweden that was opened in 2013, when it closed its original flagship store in the country. Decathlon launched its own e-commerce platform in Sweden last spring.
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News briefs
According to the Oregonian, Adidas is considering the establishment of...
According to the Oregonian, Adidas is considering the establishment of a factory in Detroit to make sneakers for the North American market. The rumor, which could not be confirmed, follows a statement by Nike that it would create 10,000 jobs in the U.S. if the Trans-Pacific Partnership with Vietnam and ...
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Short stops
Hurley, the action sports brand owned by Nike, has opened...
Hurley, the action sports brand owned by Nike, has opened a store in the French surf town of Hossegor
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Article
German buying groups oppose Adidas‘s new payment terms
Adidas is trying to implement new payment terms on its retail customers in Germany – and the local buying groups are not pleased. Both Intersport and Sport 2000 have been negotiating with their top supplier who aims to reduce the traditional cashback discount granted to early payers to only 1 ...
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News briefs
Decathlon is continuing its Swedish initiative with a new store...
Decathlon is continuing its Swedish initiative with a new store that will be opened in 2016 in the suburbs of Stockholm. Decathlon entered the Swedish market in 2011 with its first store in Stockholm. In 2013, it opened store number two with a product ranged adapted to the Swedish market. ...
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News briefs
Sports Direct International is planning to open a 1,400-square-meter Sports...
Sports Direct International is planning to open a 1,400-square-meter Sports Direct store in a shopping center in Riga. It will be its first one by this name in Latvia, where it already has a presence through Sportland International, the Baltic sports retailer acquired in 2013. Meanwhile, according to the Austrian ...
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News briefs
William Monti, a former president of Sport 2000 France, has...
William Monti, a former president of Sport 2000 France, has quit the voluntary group to become a franchisee of Go Sport, according to Sportéco, and some others are making the same move. The integrated Go Sport chain started only recently to franchise its banner in France, after doing it for ...
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Article
Adidas wants to double in running
The Adidas Group has outlined plans to double its sales in the running market in constant currencies by 2020, which would amount to more than €3 billion, with a stronger focus on fewer franchises and marked investments in the U.S. market. The details were provided at the group's first investor ...
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News briefs
Adidas celebrated its partnership with Parley for the Oceans at...
Adidas celebrated its partnership with Parley for the Oceans at the United Nations headquarters in New York on June 29, at the General Assembly Hall, on the occasion of a high-level event on climate change, convened by the President of the General Assembly. The event was the showcase for the ...
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News briefs
Nike is to replace Adidas as the sponsor of the...
Nike is to replace Adidas as the sponsor of the University of Michigan for its sports uniforms. The organization issued a statement saying that Nike was to become the Michigan Wolverines' official athletic footwear, apparel and equipment provider, starting from the beginning of August 2016 and until 2027, but with ...
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News briefs
Intersport UK has implemented supply chain adjustments that have enabled...
Intersport UK has implemented supply chain adjustments that have enabled it to drastically reduce delivery times, Sports Insight reports. Without access to the inventory, retail members previously had to call for replenishment. To get the changes started, seven points of sale were integrated with the central inventory. The buying group ...
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Short stops
The franchised Columbia store in Chamonix has reopened after a...
The franchised Columbia store in Chamonix has reopened after a major refitting, a few weeks before the Ultra'Trail du Mont Blanc (UTMB), the big race of which the brand has become main sponsor
