More retail news – Page 144
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Article
Adidas gets India’s go-ahead for its own format stores
The Adidas Group has obtained approval from the Indian government to open fully owned Adidas-branded stores in the country. Dave Thomas, managing director of the Adidas Group in India, said in a statement that the company intends to start opening larger stores under full ownership in the second half of ...
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News briefs
The prospective change of chief executive at the Adidas Group,...
The prospective change of chief executive at the Adidas Group, scheduled for 2017 at the latest, is leading to increasing speculation, with a report in Der Spiegel that leading executives from several rival companies were approached for the job. Adidas confirmed in February that it had launched a formal search ...
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News briefs
Sport Partner reports that Decathlon is opening two stores in...
Sport Partner reports that Decathlon is opening two stores in the Netherlands, in Rotterdam city center and in the southern city of Breda. While the French retailer's expansion long appeared to be stuck in the Netherlands, the two openings will increase the network from four to six stores. The location ...
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News briefs
Puma opened a flagship store in the trendy Hackescher Markt...
Puma opened a flagship store in the trendy Hackescher Markt area of the German capital last week. The new store in Berlin Mitte has adopted Puma's Forever Faster concept on a surface of about 450 square meters. It offers a range of performance and sport style products, along with exclusive ...
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News briefs
Mountain Warehouse, one of the major outdoor retailers in the...
Mountain Warehouse, one of the major outdoor retailers in the U.K., is launching a new chain of stores, called Zakti, that will cover gym, yoga, running, cycling, snow sports, dance and swimming, according to Retail Week. Competing against Sweaty Betty, it will initially target women. Zakti is opening two stores ...
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News briefs
Decathlon is deploying radio frequency identification (RFID) chips in more...
Decathlon is deploying radio frequency identification (RFID) chips in more than 400 stores around the world and extending its RFID source-tagging program to millions of products. Checkpoint Systems is acting as service provider, supplying the encoded labels to vendors through its service bureaus in Asia and Europe. RFID-based antennas have ...
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News briefs
SportScheck has opened its 20th store in Aachen, which makes...
SportScheck has opened its 20th store in Aachen, which makes utmost use of multichannel capabilities. The 2,300-square-meter store greets the customer with eye-catching 3D multi-media displays at the entrance. It provides for click and connect and same-day delivery. The salespeople are equipped with iPads to support their advice function. Quick ...
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News briefs
The third Oakley store in Germany has opened in a...
The third Oakley store in Germany has opened in a very sporty area of Munich. The 130-square-meter store is located on the central Sendlinger Strasse, right next to The North Face. It is operated by a retailer who also has a Nike shop in the same area. Oakley's two other ...
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Short stops
Sports Direct is opening a second Spanish store in Madrid,...
Sports Direct is opening a second Spanish store in Madrid, after one in Zaragoza
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Short stops
New Balance is opening its first store in Berlin...
New Balance is opening its first store in Berlin
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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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News briefs
Adidas has inked a five-year agreement with Louisiana Tech University...
Adidas has inked a five-year agreement with Louisiana Tech University Athletics to outfit its 16 men's and women's teams in Adidas uniforms, apparel, footwear and equipment through the 2021-22 season. The partnership starts in July, except for women's basketball because that team has one year left on a deal with ...
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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
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
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
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
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 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 ...
