Retail insights from the sporting goods industry – Page 167
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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 ...
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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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News briefs
The sports & leisure segment of Uvex Winter Holding, which...
The sports & leisure segment of Uvex Winter Holding, which produces eyewear and helmets under the Uvex and Alpina brands, raised its sales by 6 percent in the financial year ended June 30, reaching a level of €117.2 million, accounting for 29 percent of the group's total turnover. Weak sales ...
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News briefs
Selfridges Group is taking over Arnotts, an iconic department store...
Selfridges Group is taking over Arnotts, an iconic department store in one of Dublin's busiest shopping streets. Selfridges bought it at an undisclosed price from Fitzwilliam Finance Partners, the private equity firm of an Irish businessman, Noel Smyth, after a battle for ownership. Selfridges already owns another Irish retailer, the ...
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News briefs
The average number of rounds of golf played in the...
The average number of rounds of golf played in the U.K. during the third quarter of this year is down by 7 percent compared with the third quarter of 2014. The total since the beginning of the year remains up by 1 percent thanks to a good first half. Scotland ...
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News briefs
Orage has opened its first flagship store in Montreal, Canada....
Orage has opened its first flagship store in Montreal, Canada. The new 1,000-square-foot space is called Le Chalet and is supposed to visually reflect modern mountain culture, with crisp whites, warm woods, soaring ceilings and natural light spilling in through large windows. The new retail space has been conceived as ...
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News briefs
The “sport system” in the industrial cluster of Montebelluna, which...
The “sport system” in the industrial cluster of Montebelluna, which includes many large and small outdoor-related companies, generated total sales of €1.44 billion in 2014, up from €1.28 billion in 2007, just before the latest economic crisis. The number of companies involved in the sector declined from 491 to 487, ...
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News briefs
Working through its new Japanese distributor, SSK Corporation, Schöffel has...
Working through its new Japanese distributor, SSK Corporation, Schöffel has opened three stores in the cities of Osaka, Nagoya and Tokyo. Two more are planned for next year. In addition to Schöffel's apparel collections, the stores carry Lowa shoes and Deuter backpacks.
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News briefs
Dutch sports retailers who took part in the Inretail Sport...
Dutch sports retailers who took part in the Inretail Sport Monitor raised their sales by 2.5 percent for the third quarter, Sport Partner reports, compared with smaller rises of 0.7 percent in the first quarter and 0.8 percent in the second quarter. The third quarter got off to a promising ...
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News briefs
The North Face has opened its newest flagship store at...
The North Face has opened its newest flagship store at 290 Regent Street in London. The 400-square-meter location features on-site lockers to allow customers to leave their belongings and “explore” London freely. Screens will show the latest adventure films. Sponsored athletes will make appearances at the store.
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News briefs
Haglöfs is launching an online store in Sweden and preparing...
Haglöfs is launching an online store in Sweden and preparing to open others across the Nordic markets and Europe. The company described the Swedish online store as part of a wider digital initiative for the company, with Europe to be covered shortly and online stores to be opened in all ...
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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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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
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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News briefs
Under Armour will replace Adidas in 2016/17 as the all-school...
Under Armour will replace Adidas in 2016/17 as the all-school supplier to the Badgers collegiate team in Wisconsin. Reportedly, it will pay an annual fee of $4 million for ten years, compared with $800,000 for Adidas. Additionally, it will supply products worth of $3.33 million in the first year, rising ...
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News briefs
Odlo has opened a 90-square-meter store on the Grand Rue...
Odlo has opened a 90-square-meter store on the Grand Rue of Strasbourg, France. It is the 20th franchised store of the Swiss-based sports apparel brand.
