Retail insights from the sporting goods industry – Page 156
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Article
German buying groups oppose Adidas‘s new payment terms
Adidas is trying to implement new payment terms on its retail customers in Germany – and the local buying groups are not pleased. Both Intersport and Sport 2000 have been negotiating with their top supplier who aims to reduce the traditional cashback discount granted to early payers to only 1 ...
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Hurley, the action sports brand owned by Nike, has opened...
Hurley, the action sports brand owned by Nike, has opened a store in the French surf town of Hossegor
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According to the Oregonian, Adidas is considering the establishment of...
According to the Oregonian, Adidas is considering the establishment of a factory in Detroit to make sneakers for the North American market. The rumor, which could not be confirmed, follows a statement by Nike that it would create 10,000 jobs in the U.S. if the Trans-Pacific Partnership with Vietnam and ...
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Hervis Sports has opened its fourth store in Germany, on...
Hervis Sports has opened its fourth store in Germany, on about 1,000 square meters in Amberg and offering all sorts of multi-channel options
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Everlast is opening its first three stores in the U.S.,...
Everlast is opening its first three stores in the U.S., all three of them in Florida
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Direct Golf, the U.K. golf retailer that is partly owned...
Direct Golf, the U.K. golf retailer that is partly owned by Sports Direct International (SDI), boasts that it is on target to achieve a record financial year after a tenth consecutive month of turnover growth. Its sales jumped by 27 percent in June compared with the same month last year ...
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Nike's largest store in India to date has opened on...
Nike's largest store in India to date has opened on 7,355 square feet of space in Bengaluru
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Peter Cowgill, executive chairman of JD Sports Fashion, is reported...
Peter Cowgill, executive chairman of JD Sports Fashion, is reported to have said that he would like to see its format rolled out in every major European city. Apparently he made the statement when opening a new 34,500-square-meter flagship store for JD at 201-203, Oxford Street in London. It is ...
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Himaraya, the large Japanese sporting goods retail chain, reports a...
Himaraya, the large Japanese sporting goods retail chain, reports a 52 percent increase in net income to 637 million yen (€4.7m-$5.2m) for the third quarter ended May 31 on 7 percent higher revenues of ¥20.23 billion (€150.6m-$166.4m). The gross margin inflated by 1.6 percentage points to 38.0 percent for the ...
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Munich, the Spanish brand of sneakers, plans to open seven...
Munich, the Spanish brand of sneakers, plans to open seven stores in China this year
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Zalando's listing on the Frankfurt Stock Exchange has been upgraded...
Zalando's listing on the Frankfurt Stock Exchange has been upgraded from the SDAX to the MDAX index of the 50 major German mid-cap companies. The market capitalization of the company has risen by 40 percent since it went public last October on the strength of its improved financial results.
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New Balance will reportedly open a second shop in Barcelona...
New Balance will reportedly open a second shop in Barcelona
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The Go Sport Group, which already has a strong presence...
The Go Sport Group, which already has a strong presence in Poland through its full-line Go Sport stores, has opened the first store in the country for its athletic footwear chain, Courir. The store is located in the Galeria Mokotów in Warsaw. As in France, Courir will be supported by an ...
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The franchised Columbia store in Chamonix has reopened after a...
The franchised Columbia store in Chamonix has reopened after a major refitting, a few weeks before the Ultra'Trail du Mont Blanc (UTMB), the big race of which the brand has become main sponsor
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News briefs
Intersport UK has implemented supply chain adjustments that have enabled...
Intersport UK has implemented supply chain adjustments that have enabled it to drastically reduce delivery times, Sports Insight reports. Without access to the inventory, retail members previously had to call for replenishment. To get the changes started, seven points of sale were integrated with the central inventory. The buying group ...
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Article
Adidas wants to double in running
The Adidas Group has outlined plans to double its sales in the running market in constant currencies by 2020, which would amount to more than €3 billion, with a stronger focus on fewer franchises and marked investments in the U.S. market. The details were provided at the group's first investor ...
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News briefs
Adidas celebrated its partnership with Parley for the Oceans at...
Adidas celebrated its partnership with Parley for the Oceans at the United Nations headquarters in New York on June 29, at the General Assembly Hall, on the occasion of a high-level event on climate change, convened by the President of the General Assembly. The event was the showcase for the ...
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Nike is to replace Adidas as the sponsor of the...
Nike is to replace Adidas as the sponsor of the University of Michigan for its sports uniforms. The organization issued a statement saying that Nike was to become the Michigan Wolverines' official athletic footwear, apparel and equipment provider, starting from the beginning of August 2016 and until 2027, but with ...
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William Monti, a former president of Sport 2000 France, has...
William Monti, a former president of Sport 2000 France, has quit the voluntary group to become a franchisee of Go Sport, according to Sportéco, and some others are making the same move. The integrated Go Sport chain started only recently to franchise its banner in France, after doing it for ...
