Retail insights from the sporting goods industry – Page 116
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Short stops
An Under Armour store is set to open soon in...
An Under Armour store is set to open soon in Milan in a former building of Luxottica on via Orefici, next to Levi's and Tommy Hilfiger
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News briefs
Zalando appointed two new vice presidents this month. Sara Diez,...
Zalando appointed two new vice presidents this month. Sara Diez, previously working as senior buying director for Europe and the Middle East at Nike, became vice president for Zalando's product line for woman. Diez succeeds Dalbir Bains, who left Zalando after four years. Before her career at Nike, Diez worked ...
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News briefs
Zalando announced that it would not organize the Bread &...
Zalando announced that it would not organize the Bread & Butter by Zalando fashion festival in 2019, leaving the door open for similar events in selected cities. The online retailer launched the consumer-oriented marketing event for the first time three years ago at the former Tempelhof airport in Berlin, after ...
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News briefs
Arc'teryx, a division of Amer Sports, has opened a new...
Arc'teryx, a division of Amer Sports, has opened a new mono-brand store in Japan, its largest in-mall store in the country. The new 264-square-meter store, on two floors, is located in Fukuoka Momochi, the largest commercial facility in western Japan. The store, which was inaugurated on Nov. 21, sells Arc'teryx's ...
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News briefs
Zalando booked a net loss of €41.7 million in the...
Zalando booked a net loss of €41.7 million in the third quarter, up sharply from €11.1 million in the year-ago period, while sales growth slowed down to 11.7 percent from 28.7 percent. The adjusted operating profit (Ebit) sank to a negative level of €38.9 million on total turnover of €1.2 ...
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News briefs
In December, with a soft launch scheduled for the 21st,...
In December, with a soft launch scheduled for the 21st, Rossignol is set to open its first American pop-up store at the Benton building in Aspen, Colorado. It will be a seasonal concept store with a decor recalling both Rossignol's 110-year history in winter sports and its rooster logo. The ...
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News briefs
As expected, the retailers affiliated with Sport 2000 in France...
As expected, the retailers affiliated with Sport 2000 in France approved their acquisition of the 52 percent stake held by Activa Capital in their company at an extraordinary shareholders' meeting on Nov. 22. Supported by bank loans, the retailers will finance the acquisition in different ways, changing the status of ...
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Short stops
Decathlon has opened its ninth store in Mexico, covering 3,000...
Decathlon has opened its ninth store in Mexico, covering 3,000 square meters in the Magnocentro de Interlomas in Mexico City
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Article
The weather impacts Zalando
Zalando's management blamed the protracted hot summer weather for a slowdown in its growth to a rate of 11.7 percent during the third quarter. It added that it will do its best to return to its longer-term target of annual sales growth of 20-25 percent during the fourth quarter, but ...
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News briefs
Nike has inaugurated its flagship store in New York City,...
Nike has inaugurated its flagship store in New York City, dubbed as “House of Innovation 000.” The six-level space, including a below-street-level floor, covers around 68,000 square feet on the corner of Fifth Avenue and 52nd Street. The store has been designed to offer services that are highly customizable and effortlessly ...
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News briefs
Deportes Sevilla, an important regional sporting goods retail chain, has...
Deportes Sevilla, an important regional sporting goods retail chain, has joined Base Detall Sport, the Spanish buying group that recently joined Sport 2000 International. As CMD Sport reports, the deal bolsters Base's presence in Andalusia and establishes it for the first time in the autonomous community's capital, Seville. Founded in ...
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News briefs
Sportamore is launching a new business model and technical platform,...
Sportamore is launching a new business model and technical platform, involving Adidas as its first strategic partner. The idea behind the Swedish online sports retailer's new platform is to enable suppliers to sell and deliver goods directly from their own warehouse to consumers via Sportamore's customer interface, starting with a ...
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News briefs
Rapha has set up a partnership with Wiggle, the British...
Rapha has set up a partnership with Wiggle, the British online and offline cycling retailer that has since merged with Chain Reaction Cycles. Certain items from Rapha's Core, Classic and Pro Team collections already appear on the Wiggle website. The partnership's stated purpose is to eliminate redundancies at Rapha's London ...
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News briefs
The Brazilian e-tailer Netshoes has reported a net loss of...
The Brazilian e-tailer Netshoes has reported a net loss of 136.4 million Brazilian reais (€31.9m-$36.5m) for the third quarter of this year, roughly triple the net loss reported a year ago. Sales for the period were down 3 percent to R$ 417.8 million (€97.8m-$111.7m), while the gross margin shrank fourfold ...
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Short stops
Champion has opened its first store in Boston, which will...
Champion has opened its first store in Boston, which will be its fourth one in the U.S.
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News briefs
Zalando appointed two new vice presidents this month. Sara Diez,...
Zalando appointed two new vice presidents this month. Sara Diez, previously working as senior buying director for Europe and the Middle East at Nike, became vice president for Zalando's product line for woman. Diez succeeds Dalbir Bains, who left Zalando after four years. Before her career at Nike, Diez worked ...
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Article
Adidas is performing well globally
The Adidas Group is predicting a global sales increase of between 8 and 9 percent in local currencies for the current financial year, down from a previous forecast of 10 percent, due to continued lower-than-expected sales results in Western Europe. However, it has revised upwards its expectations for profitability, predicting ...
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Article
More signs of fatigue for Adidas in Europe
After a strong rally between 2015 and 2017, the Adidas brand has performed so far this year less well in Europe generally than Nike, Puma or Under Armour. In the third quarter, its sales in Western Europe were off by one percent in euros and by two percent in constant ...
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News briefs
Runtastic, the mobile fitness company owned by Adidas, has announced...
Runtastic, the mobile fitness company owned by Adidas, has announced that its co-founder and chief executive, Florian Gschwandtner, will withdraw from operational management and leave the company, effective Dec. 31, 2018. He has been with the start-up for nearly ten years. Alfred Luger and Christian Kaar, respectively chief financial officer ...
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News briefs
Adidas has filed suit in South Florida District Court against...
Adidas has filed suit in South Florida District Court against a further 200 websites for the sale of counterfeit Yeezy, Adidas and Reebok shoes. It is seeking the seizure of their domains, the scrubbing of their URLs from search engines and $2 million in statutory damages per defendant.
