More retail news – Page 105
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News briefs
Adidas has announced in a tweet that its sponsored players...
Adidas has announced in a tweet that its sponsored players on the winning team in the upcoming 2019 Fifa Women's World Cup, starting in France on June 7, will get the same performance bonus as their male counterparts. The announcement was made just hours after it was revealed that the ...
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A record Ebit margin for Adidas
The Adidas Group reported last week a 20 percent increase in net income to €1,709 million from continuing operations for 2018. Excluding losses from discontinued operations – which, as a result of last year's divestiture of Rockport, declined last year to €5 million from €254 million the year before – ...
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Shankland will lead the Adidas Group’s operations
The 47-year-old Australian native, who has been with Adidas for 22 years, took the place of Gil Steyaert on the executive board of the Adidas Group at the beginning of this week to be charge of global operations. Steyart, a 56-year-old Frenchman who has been sitting on the board for ...
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Zalando regains momentum
Heavy investments in software, new systems and new distribution centers contributed to a decline in the operating margin to 3.2 percent last year from 4.8 percent, but the management expressed confidence that the margin will reach 13 percent sooner or later. It has set out an ambitious goal for the ...
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Engelhorn, the big German sports and fashion retailer based in...
Engelhorn, the big German sports and fashion retailer based in Mannheim, has placed both parts of its business in the hands of Armin Weger, who had been running Engelhorn Sports since 2015. He is also taking over the functions of Oliver Beuthien, who is leaving the company after running the ...
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Kant, the Russian sporting goods retailer and wholesaler, has become...
Kant, the Russian sporting goods retailer and wholesaler, has become the official distributor of Reusch in its country. The agreement, signed between the two companies during the 2019 Ispo Munich show, starts with orders for the autumn/winter 2019/20 collection. Kant plans to sell Reusch ski gloves throughout its own retail ...
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Fanatics has struck a deal to become the exclusive supplier...
Fanatics has struck a deal to become the exclusive supplier of licensed sports merchandise on Coupang, the South Korean internet marketplace. The deal takes effect this summer for a term of ten years. South Korea is definitely among the world's top ten e-commerce markets, well behind China and the U.S. ...
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News briefs
Sportamore, the largest online sporting goods retailer in the Nordic...
Sportamore, the largest online sporting goods retailer in the Nordic countries, is preparing to enter new markets, with the first stop being France in the autumn of 2019. According to Sportfack, Sportamore has been working strategically over the past two years to build a scalable infrastructure with a high degree ...
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News briefs
Jim Gatto, former head of basketball marketing for Adidas, was...
Jim Gatto, former head of basketball marketing for Adidas, was sentenced to nine months in prison by a New York court on charge of defrauding a number of NCAA college programs by paying promising athletes to attend their schools, making them ineligible to play. Two of his assistants, Merle Code ...
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Adidas has signed multi-year sponsorships with two American football players...
Adidas has signed multi-year sponsorships with two American football players at the top-tier university level: Marquise “Hollywood” Brown of Oklahoma and Hakeem Butler of Iowa State. Both play the position of wide receiver. Butler recently debuted this year's Adizero 40 cleats and Adizero 8.0 cleats during on-field workouts and 40-yard dash trials in ...
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Puma and Zalando are intensifying their cooperation. The sportswear company's...
Puma and Zalando are intensifying their cooperation. The sportswear company's new women's training collection will be exclusively available at Zalando in the coming two weeks. From the beginning of March, Puma will then also be selling the line in its own stores and its online shop. The collection includes tops, ...
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Less than a year after closing its store in Reutlingen,...
Less than a year after closing its store in Reutlingen, SportScheck is also ceasing operation at its shop in the northern German town of Braunschweig. The 2,700-square-meter store will be shut down on March 23 after seven years of operation, the company said. Like other retailers, SportScheck is having to ...
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Skechers reports the opening of its 3,000th store. With a...
Skechers reports the opening of its 3,000th store. With a surface of 3,000 square meters, it is its largest mono-brand store in the world. It is located in the Chinese city of Shenyang. The store has an entertainment area for children and a large assortment of branded clothing to complement ...
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Rossignol has already opened its own stores in select ski...
Rossignol has already opened its own stores in select ski resorts as well as in Lyon, Paris, Oslo and, most recently, Aspen. The management told us that it is looking to open more locations in Europe and the U.S. as well as the first four Rossignol stores in China by ...
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Sportmaster wins over Adidas, launches its sixth chain
Sportmaster has reinforced its dominant market position in Russia, announcing that it will once again start offering products under the Adidas brand from the autumn/winter 2019/20 season, after many years of separation.Sportmaster considers itself as a strategic partner of Nike, and it also offers brands like Puma and Asics. However, ...
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Amazon launches pop-up stores in Europe
What is happening to the big e-tailers? After the recent profit warnings of Asos and Zalando, the two biggest sharks in the pond, Alibaba and Amazon, have just put out discouraging figures. Both companies, which operate big marketplaces for sporting goods and many other products in their respective territories, have ...
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China slowdown weighs on Alibaba’s sales
Alibaba Group Holding's revenues for its third fiscal quarter, ended on Dec. 31, grew at their weakest pace in four years, weighed by a slowing Chinese economy, which is being attributed to the ongoing trade war with the U.S.The Chinese e-tailer's sales increased by 41 percent from the year-ago quarter ...
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News briefs
Stadium, the Swedish sporting goods retailer, has decided to close...
Stadium, the Swedish sporting goods retailer, has decided to close the Stadium Pulse concept store that it opened only recently at the Mall of Scandinavia, located just outside of Stockholm. The store is now heavily discounting its stock. The reasons given for the phaseout are that the new concept simply ...
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News briefs
Atmósfera Sport, the Spanish buying group, will be launching an...
Atmósfera Sport, the Spanish buying group, will be launching an e-tail site – specifically for its sports-apparel division, Atmósfera Black – on Feb. 18. The initiative, representing an investment of more than €100,000, will be managed directly from the buying group's headquarters. The attendant staff has been expanded accordingly. For ...
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News briefs
Nike has opened its first city-inspired SNKRS pop-up shop at...
Nike has opened its first city-inspired SNKRS pop-up shop at 711 10th Street NW in Atlanta. From Jan. 26 to the end of March, the shop will have a rotating selection of limited-edition styles – such the Ten collection and Air Force 1 drops – chosen specifically for Atlanta. Hoodies ...
