Retail insights from the sporting goods industry – Page 135
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Article
Adidas reshuffles the top deck
The executive board of the Adidas Group has been reshuffled with two new members announced last week, adding up to three appointments and two departures after Kasper Rorsted's arrival as chief executive in October. The changes have entailed the appointment of a new managing director for the Adidas Group in ...
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Article
Adidas sells TaylorMade to a private equity firm
The Adidas Group has finalized an agreement to sell TaylorMade Golf for $425 million to KPS Capital Partners, a U.S. private equity firm. Adidas bought the company in 1997 as part of its acquisition of Salomon, the French ski equipment maker, at a price equivalent to about €1.2 billion for ...
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Adidas strides ahead
The Adidas Group continued to zoom ahead in the first quarter of this year, with an ample sales rise and a sharp improvement in operating profit margin, despite pressure in the Russian market and a decline in football apparel sales.The Adidas group's turnover was up by 18.9 percent to €5,671 ...
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Adidas will have a store later this year on via...
Adidas will have a store later this year on via Vittorio Emanuele II in Milan, near the cathedral
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News briefs
New Balance is replacing Adidas as the new sponsor of...
New Balance is replacing Adidas as the new sponsor of the famous London Marathon, currently called the Virgin Money London Marathon, and ancillary events through a long-term agreement starting with the April 2018 edition of the race. The brand is already sponsoring the marathons in Rome, Sevilla and Rotterdam. Last ...
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Adidas has launched a new global rugby campaign on social...
Adidas has launched a new global rugby campaign on social networks entitled “Next Is Everything.” The campaign has been developed by Augusto, a digital agency based in Auckland, New Zealand. The official video, which marked the launch of the campaign on May 9, will be followed by an ongoing series ...
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Adidas has signed up Myles Garrett, who was made the...
Adidas has signed up Myles Garrett, who was made the N° 1 pick in the 2017 NFL draft by the Cleveland Browns
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Adidas and the Dutch field hockey association are extending their...
Adidas and the Dutch field hockey association are extending their partnership until at least the end of 2020
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News briefs
Sport 2000 has introduced a new concept for the S2...
Sport 2000 has introduced a new concept for the S2 stores in France. S2 Sneakers Specialist, formerly S2 Street and Sport, is described as focusing particularly on digital tools and customization. The colors of the banner, black and yellow, have remained unchanged. The new store concept was presented in Nancy ...
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News briefs
Der Spiegel reports that Adidas has agreed to pay €1...
Der Spiegel reports that Adidas has agreed to pay €1 billion for a new ten-year partnership with Real Madrid, based on the Football Leaks file. Earlier this year it had been reported that Under Armour was trying to replace the three stripes as the Spanish club's partner. According to the ...
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News briefs
In a preliminary statement, Zalando said its sales grew by...
In a preliminary statement, Zalando said its sales grew by between 22 and 24 percent in the first quarter of 2017, generating an operating margin of between one and three percent – lower than analysts had estimated. It confirmed projections for this year of growth between 20 and 25 percent ...
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A Norwegian sporting goods retailer, Torshov Sport, recently opened the...
A Norwegian sporting goods retailer, Torshov Sport, recently opened the world's largest and most important football store, according to its general manager, Terje Laurendz. The store, located in Oslo, is in the same premises as the company's previous football-specific store, but has been expanded by more than 400 square meters ...
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Canada Goose is reportedly planning to open a store in...
Canada Goose is reportedly planning to open a store in the Park Hyatt Hotel of Chicago that will be bigger than those it has in Toronto and New York, taking the place of a Giorgio Armani store
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Sweaty Betty, which is planning to open seven new stores...
Sweaty Betty, which is planning to open seven new stores in the U.S. this year, will also relaunch its e-commerce platform later in the year with the help of a systems integrator, Tryzens
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News briefs
Sneakersnstuff is in a large international expansion phase. After opening...
Sneakersnstuff is in a large international expansion phase. After opening stores in London, Paris and Berlin in recent years, Sneakersnstuff is looking at the U.S. market. The Swedish company is planning to open a store in New York in the autumn. If this works, it may decide to continue its ...
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Article
Adidas projects continued expansion in China
The Adidas Group is projecting another year of double-digit sales expansion in Greater China as it invests to build up a network of 12,000 Adidas stores by 2020, the company said during a trip to China by Kasper Rorsted, its chief executive since October.The brand currently has more than 10,000 ...
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News briefs
XXL plans to open a large new store of 3,500...
XXL plans to open a large new store of 3,500 square meters in Oslo in the autumn of 2018, just a stone's throw from an existing G-Max and G-Sport store owned by the retailer's main competitor in Norway, Gresvig. In addition, there will be new store openings in Jessheim and ...
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Intersport Austria says that sales of bicycles at its 272...
Intersport Austria says that sales of bicycles at its 272 stores in the country have doubled since the start of this year, driven by stronger demand for e-bike models
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News briefs
To celebrate Earth Day, which was on April 22, Adidas...
To celebrate Earth Day, which was on April 22, Adidas said it will launch three new models of tennis shoes on May 10 that are made with plastic waste thrown into the ocean. The initiative is part of the brand's new two-year partnership with Parley for the Oceans. Each of ...
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News briefs
The North Face opened its first European lifestyle-oriented store on...
The North Face opened its first European lifestyle-oriented store on London's Carnaby Street on March 31. Placing a focus on its “Urban Exploration” range, it targets urban consumers, and it follows a successful experiment with a pop-up store in Covent Garden last year. It will feature exclusive items and limited ...
