Retail insights from the sporting goods industry – Page 159
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Article
New Adidas reporting reveals regional margins
A new reporting structure adopted by the Adidas Group delivers unprecedented details about the company's sales and profit margins by brand and by regional unit – revealing just how juicy its business is in Russia and China and the distance between the Adidas and Under Armour brands in North America ...
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Article
Adidas stores to phase out plastic bags
The Adidas Group has inked a partnership with Parley for the Oceans, an initiative that is meant to preserve oceans through education and research as well as direct actions against plastic pollution in the oceans.It should lead to the creation of materials made out of ocean plastic waste, to be ...
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News briefs
While selling Rockport, the Adidas Group is said to be...
While selling Rockport, the Adidas Group is said to be investing in Bucketfeet, a new and innovative American brand of canvas sneakers along with Gordon Segal, founder of Crate & Barrell, and others. Adidas, which is apparently making the investment through a fund called Hydra Ventures, declined to comment on ...
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News briefs
The Adidas Group confirms reports that Tina Rolén, brand director...
The Adidas Group confirms reports that Tina Rolén, brand director at Adidas Nordic, is leaving the company. She joined Adidas in 2005 and has been in her latest job since 2012. Rolén was distinguished by Sportfack as Businesswoman of the Year in 2014 and she is the highest-ranking woman in the ...
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News briefs
Adidas has teamed up with Spotify to create the first...
Adidas has teamed up with Spotify to create the first running app that matches a runner's speed. The new Adidas Go uses the smartphone's accelerometer to monitor the user's stride and then automatically plays tracks with matching beats per minute from Spotify's music library. The app also allows runners to ...
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News briefs
Adidas' partnership with Bayern Munich FC, which was due to...
Adidas' partnership with Bayern Munich FC, which was due to expire in 2020, has already been extended for another ten years until 2030. The Wall Street Journal estimates that the deal with the new German Bundesliga winners is worth about €900 million, which reportedly compares with €25 million per season ...
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News briefs
Vibram has revamped its store in Boston's Newbury Street, adding...
Vibram has revamped its store in Boston's Newbury Street, adding a “Sole Factor” space where customers can customize their shoes with a variety of Vibram soles. It also features a new gallery displaying more than 150 pairs of shoes developed with Vibram soles since the original “Carrarmato” sole introduced by ...
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News briefs
Net-a-Sporter, the activewear section of the Net-a-Porter web store launched...
Net-a-Sporter, the activewear section of the Net-a-Porter web store launched last July, is reportedly registering higher sales results than expected. The number of brands offered on the website has risen from 16 to 61. According to WWD, 60 percent of the offer consists of sports-inspired lifestyle products. They are relatively ...
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News briefs
The Adizero 99g was launched by Adidas last month as...
The Adizero 99g was launched by Adidas last month as the world's lightest football boot. The retail launch consisted of just 299 pairs of men's shoes in size 9, as part of the Limited Collection series of super-small drops. With about half the weight of standard football cleats and less ...
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News briefs
The first permanent European physical store of Timbuk2 has opened...
The first permanent European physical store of Timbuk2 has opened in Reykjavik, the capital of Iceland. It features an area for the customization of messenger bags, which will be made in San Francisco and delivered within 7 to 10 days.
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Short stops
Teva is setting up a 16 m² pop-up shop in...
Teva is setting up a 16 m² pop-up shop in Citadium, the big urban sports fashion store in central Paris
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Short stops
Golfino has opened a new store in the trendy Schwabing...
Golfino has opened a new store in the trendy Schwabing district of Munich, but it will move a year from now to a new location in the city
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Short stops
Sport Partner reports that Daka Sports, an influential sports retailer...
Sport Partner reports that Daka Sports, an influential sports retailer in Rotterdam, welcomed about 300 guests earlier this month to celebrate its 50th anniversary at the clubhouse of Hockeyclub Rotterdam with a symposium titled “Another 50 years,” featuring several speakers specializing in retailing and innovation
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Short stops
Under Armour has opened a Brand House in Chicago, its...
Under Armour has opened a Brand House in Chicago, its fourth store in the U.S. and the first to offer the UA Hunt and UA Fish product ranges, as well as a wearable technologies bar based on the UA Connected Fitness platform
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News briefs
Lyle & Scott has introduced Iconeme's beacon technology to the...
Lyle & Scott has introduced Iconeme's beacon technology to the mannequins in its flagship store on Carnaby Street in London. Customers download the Iconeme app on their mobile and once they have turned on Bluetooth, their smartphone can trigger beacons from a distance of up to 30 meters to receive ...
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News briefs
Alibaba and three other Chinese companies are reported to be...
Alibaba and three other Chinese companies are reported to be interested in the takeover of AC Milan. The famous Italian football club is also said to be the target of a crowdfunding initiative in China intended to raise at least $1 billion for its acquisition by the general public and ...
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Article
Adidas wants to run faster in two-horse race against Nike
While unveiling its latest five-year strategic plan at an investor day three weeks ago, the Adidas Group implicitly admitted that it could not catch up with its bigger American rival in the next few years – but the plan and the new management that will implement it could infuse ...
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Article
Duo takes the lead at Adidas Group
The investor day held in Herzogenaurach three weeks ago enabled the company to push forward two new executive board members. Herbert Hainer, the Adidas Group's chief executive, who has been under some pressure since the company's profit warning last year, made it clear a few weeks ago that he will ...
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News briefs
Adidas has sued Marc Jacobs in an Oregon court for...
Adidas has sued Marc Jacobs in an Oregon court for the designer's use of four parallel stripes along the sleeves of some knitted garments. Adidas claims that they are confusingly similar to the three stripes used in two garments designed in cooperation with Yohji Yamamoto for its own Y-3 line.
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News briefs
Adidas Golf is launching what it describes as the first...
Adidas Golf is launching what it describes as the first fully asymmetrical golf shoe, the Asym Energy Boost. The distinctive right and left shoes are meant to guide weight transfer, stability and power through the swing. Adidas used heat map and force plate pressure studies to measure the different vertical ...
