Retail insights from the sporting goods industry – Page 91
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News briefs
Decathlon plans to work with more online marketplaces in Russia
Decathlon is set to begin selling sporting goods through several online marketplaces in Russia as part of an expansion of its online sales activities, according to the local Retail news service, which quoted Julia Goroshenya, development director of Decathlon in Russia. Decathlon has already worked successfully with Russia’s second-largest online ...
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News briefs
JD Sports partners with an e-sports firm in Italy
JD Sports and Qlash, an e-sports organization, have announced a new year-long partnership for 2021 that allows JD Sports to be part of the Italian e-sports scene. Under the terms of the deal, the two companies will use their physical locations to “exchange” visibility and exposure. JD Sports will rely ...
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Article
Zalando lifts sales forecasts, aims for 10% of Europe’s fashion market
Zalando has lifted its sales and profit forecasts for 2021 after reporting a 23.1 percent rise in revenues to about €7,982 million for the 12 months to Dec. 31, 2020, with increases of 17.2 percent in the German-speaking countries and 28.4 percent in the rest of Europe, where they reached ...
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News briefs
First Canadian JD store may open in the second half
JD Sports Fashion is reportedly planning to open its first JD Sports store in Canada in the second half of this year. Like it did in the U.S. with the acquisition of The Finish Line, it would utilize the platform of Onepointfive Ventures, a company based in Vancouver that it ...
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Infographics & DataEarnings - Q4 2020 and FY 2020 Results Adidas
This earnings briefing includes the highlights of the Q4 results and FY 2020 from Adidas.
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Article
Decathlon expands in Austria and Germany, will enter Andorra
Decathlon, which is already by far the biggest sports retailer in France and Spain, is reportedly planning to open its first store in Andorra, the small independent enclave between the two countries, after strenuous efforts made since the local legislation relaxed the rules for foreign investment in 2012. It was ...
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Infographics & DataInfographic Adidas - Improving Business Mix
This infographic shows gross margin improvement from Adidas from 48,3% in 2015 to expected ~52% in 2021. It also shows how Adidas is planning to increase the gross margin further to 53% to 55% by 2025.
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News briefs
Sporthaus Saemann in Germany closes down for good
Hopes for a reorganization of the insolvent German retailer Sporthaus Saemann in Heilbronn have finally been dashed, leading to the closure of its large Intersport Profimarkt, three golf stores and an innovative Saemann Sportkultur store in the city center. In a statement, the insolvency administrator, Lutz Lohmann, stated that “the ...
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Article
Go Sport is being sold to a financial investor
Rallye has announced that it has entered into exclusive negotiations with Financière Immobilière Bordelaise (FIB) for the sale of the entire share capital of the third-largest sporting goods retailer in France, Groupe Go Sport, for the symbolic price of one euro, without assumption of debt and without any representations or ...
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News briefs
Adidas launches third artist-designed women’s collection
Adidas has launched a third artist-designed line of sportswear for its Women in Power Collection. The two previous artists were Nini Sum of Shanghai and Jordan Moss of New York City. This time around it’s Egle Zvirblyte of London, who has drawn inspiration for her colors from high-intensity training. The ...
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ArticleAdidas unveils its business plan through 2025, expanding DTC
After releasing its results for 2020, Adidas introduced a new strategy at a virtual Investor & Media Day, dubbed ”Own the Game,” which it says aims to raise sales, market shares and profits by strengthening the “credibility” of the Adidas brand, by boosting the direct-to-consumer channel and creating a unique ...
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ArticleAdidas ends 2020 with a small plus and a positive outlook
The Adidas Group ended the year with a small sales increase of one percent in local currencies in the fourth quarter, despite a challenging environment, especially in Europe, the only market that suffered a sales decline. As currency headwinds persisted, total sales were down by 5 percent to €5,548 million ...
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News briefs
i-Run opens its first Parisian concept store
i-Run, a French online and offline retail chain specializing in running shoes, has opened its first concept store in Paris. The three-storey shop, called “The House of Running,” has a surface of 210 square meters (130 for the store alone) and is located at 10 rue du Plâtre, in the ...
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News briefs
Adidas campaign features a meter-long shoe
Adidas and the Estonian rapper Tommy Cash have designed a sneaker that exceeds one meter in length and promoted it through Cash’s Instagram channel, where it received 140,000 likes within a day. The idea to “make the longest shoes in the world” came from Cash himself and is a marketing ...
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News briefs
Adidas Confirmed comes to Europe
Adidas has expanded the reach of its new version of the Adidas Confirmed app to Europe. First launched in the U.S. and China last year, the app gives the registered customer immediate access to new releases of sneakers and special collections. The app became available on March 1 in Germany, ...
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News briefs
A new trade body in the U.K. to support digital retail
Six major U.K.-based e-tailers – Asos, Boohoo, Gymshark, the Ocado Group, AO World and The Hut Group (THG) – have launched the UK Digital Business Association (UKDBA), a new trade body to support the fast-growing e-commerce sector. The new association will back the digital commerce sector while also supporting brick-and-mortar ...
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News briefs
Fanatics enters China via a joint venture
Fanatics, the U.S.-based online retailer of licensed sports merchandise, has announced that it is expanding into China via a joint venture with Hillhouse Capital Group, a private equity firm that is also a major shareholder in a major Chinese sporting goods retailer, Topsports. The 50-50 joint venture will be based ...
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News briefs
Adidas opens its first flagship store in Dubai
Studded with 60 different digital touchpoints, the 1,500-square-meter flagship store opened by Adidas in the Dubai Mall is the first one in the city. It offers many unusual services including free shoe cleaning and a “Bring It to Me” app that allows customers to request a product and get it ...
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News briefs
Padel Nuestro to double its international retail footprint
According to Diffusion Sport, Padel Nuestro intends to more than double its retail footprint in the padel tennis market. To its existing 35 points of sale, the Spanish group plans to add 12 own stores, six franchises and 20 Padel Nuestro Express shops. If all goes well, the endeavor should ...
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News briefsOutdoor Retailer Summer Market moves from June to August
Emerald Expositions has announced that Outdoor Retailer Summer Market 2021 has been moved from its original date of June 15-17 to Aug. 10-12 as a physical trade show at the Colorado Convention Center in Denver, with a digital extension for exhibitors and attendees unable to attend in person. The date ...
