More retail news – Page 113
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Article
Adidas Group raises profit margins
Sharp sales increases in China and North America bolstered the Adidas Group's turnover and profits in the second quarter, but it was affected by a faster than projected slowdown in Europe and declining sales for the Reebok brand.The group reported a 4.4 percent sales increase to €5,261 million for the ...
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Article
Adidas appoints new European leader after a slowdown in the region
The Adidas Group has replaced its management in Western Europe, due to unspecified distribution issues that apparently caused it to slow down more rapidly than anticipated in the company's second-largest regional market in the second quarter.Arthur Hoeld, who previously helped to build up Originals for the Adidas brand, was appointed ...
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Article
Zalando comes out of the red
Zalando managed to book a net profit of €51.8 million for the second quarter of this year, up from $47.4 million in the second quarter of 2017, after taking in a loss of €15 million in the first quarter of this year. While the operating margin fell slightly to 7.1 ...
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News briefs
Sinn, a German fashion retailer, has assigned consultants to study...
Sinn, a German fashion retailer, has assigned consultants to study the competitive situation in some German cities in relation with the potential tie-up between Karstadt Warenhaus and Kaufhof, Textilwirtschaft reports. It emerged last month that the owners of the two German department store chains had started talks about such a ...
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Short stops
Onitsuka Tiger, the lifestyle shoe label of Asics, has opened...
Onitsuka Tiger, the lifestyle shoe label of Asics, has opened a store in New Dehli's Select City Walk, joining another one in Dehli and one in Mumbai
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News briefs
Adidas its set to take over the sponsorship of the...
Adidas its set to take over the sponsorship of the English Arsenal team from Puma, which has just signed to sponsor Manchester City, the current champion in the Premier League, for £50 million (€56m-$64m) annually after its contract with Nike expires in June 2019. The Big a is said to ...
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News briefs
Adidas and Ikea have initiated a strategic collaboration to learn...
Adidas and Ikea have initiated a strategic collaboration to learn more about people's interests in terms of active lifestyles and training, in order to possibly connect them with different housing solutions. In a press release, Ikea says that the two companies want to encourage people to choose good living patterns ...
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News briefs
JD Sports is launching a 24-hour music and entertainment platform,...
JD Sports is launching a 24-hour music and entertainment platform, called JD-X. The platform, which is being developed in partnership with Immedia, will be offered in-store and in JD's mobile app as a way to blend retail with entertainment. The platform is currently being rolled out to all JD stores ...
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News briefs
Blue Tomato is opening a store in the Swiss city...
Blue Tomato is opening a store in the Swiss city of Lausanne, its first one outside the German-speaking world. The new 350-square-meter store is scheduled for inauguration on Aug. 9. Based in Austria and owned by Zumiez, Blue Tomato specializes in the sale online and offline of products for snowboarding, ...
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Short stops
XXL Sports & Outdoor plans to open its fourth Austrian...
XXL Sports & Outdoor plans to open its fourth Austrian store on 4,000 sqm. in the autumn in the Seiersberg shopping mall near Graz
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Short stops
The Signa Sports Group is moving its 5,500-square meter Karstadt...
The Signa Sports Group is moving its 5,500-square meter Karstadt Sports store in Stuttgart to a smaller 3,650-sqm. building previously occupied by a Karstadt department store in the German city
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News briefs
Adidas took six of the top ten spots in a...
Adidas took six of the top ten spots in a recent ranking of world's most Instagrammed sneakers. Meanwhile, the survey found that 53 percent of the world's most Instagrammed sneakers were Nike models. The Adidas NMD, which took the top spot, was mentioned in 5.7 million posts, followed by the ...
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News briefs
Zalando is bringing out an exclusive line of garments and...
Zalando is bringing out an exclusive line of garments and shoes for women in collaboration with Under Armour, covering training, yoga and other sports including running and boxing, with prices ranging from €44.95 for shirts to €129.95 for leggings. The partners are being aided on the marketing side by three ...
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Article
Adidas challenges Rockport’s sale
A U.S. equity fund, Charlesbank Capital Partners, has emerged as the only bidder for most of the assets of the bankrupt Rockport Group, including its intellectual property rights for the Rockport, Aravon and Dunham brands, its sales operations in Europe and Asia and its other global wholesale and e-commerce businesses. ...
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News briefs
The integration between Sport Zone and JD Sprinter in Iberia...
The integration between Sport Zone and JD Sprinter in Iberia is moving ahead, with several of the Portuguese retailer's stores in Spain reportedly having adopted the green color of the Sprinter retail brand. This comes after JD Sprinter and Sport Zone completed an Iberian tie-up earlier this year under a ...
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News briefs
Just as Sports Direct International (SDI) publicized a sharp decline...
Just as Sports Direct International (SDI) publicized a sharp decline in profits caused primarily by its investment in Debenhams (see full coverage in this issue), the company's chief executive and majority shareholder lashed out at the department store group in The Telegraph, saying that he would be “smashing into [Debenhams]” ...
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News briefs
An entity fully owned by Sports Direct International (SDI), Lovell...
An entity fully owned by Sports Direct International (SDI), Lovell Sports, has invested in the British field hockey and cricket market by buying a specialist retailer out of bankruptcy proceedings. It purchased Barrington Sports, which is described on its website as a retail partner for Lord's Cricket Ground, England Cricket, ...
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News briefs
Keller Sports launched a new online shop, called Keller X,...
Keller Sports launched a new online shop, called Keller X, earlier this month. The German high-end online retailer aims to sell selected lifestyle products and accessories by brands like Nike, Adidas, Puma, New Balance and Asics on its new web store. The number of brands will be expanded in the ...
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News briefs
Decathlon has opened a 300-square-meter “Connect Store” in the central...
Decathlon has opened a 300-square-meter “Connect Store” in the central railroad station of Berlin. Like two similar stores opened in Munich and Stuttgart in the last two years, it allows passersby to order items online and to collect them. It's Decathlon's fifth store in the German capital and its 52nd ...
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News briefs
Spanish retailers specializing in paddle tennis are targeting the Italian...
Spanish retailers specializing in paddle tennis are targeting the Italian market, where the sport is growing strongly. Time2Padel is opening its first foreign store in Milan this month, working through a franchisee. Another specialist, Padel Nuestro, opened a store in Rome in 2016.
