Retail insights from the sporting goods industry – Page 78
-
News briefs
Sporthaus Saemann in Germany closes down for good
Hopes for a reorganization of the insolvent German retailer Sporthaus Saemann in Heilbronn have finally been dashed, leading to the closure of its large Intersport Profimarkt, three golf stores and an innovative Saemann Sportkultur store in the city center. In a statement, the insolvency administrator, Lutz Lohmann, stated that “the ...
-
Article
Go Sport is being sold to a financial investor
Rallye has announced that it has entered into exclusive negotiations with Financière Immobilière Bordelaise (FIB) for the sale of the entire share capital of the third-largest sporting goods retailer in France, Groupe Go Sport, for the symbolic price of one euro, without assumption of debt and without any representations or ...
-
News briefs
Adidas launches third artist-designed women’s collection
Adidas has launched a third artist-designed line of sportswear for its Women in Power Collection. The two previous artists were Nini Sum of Shanghai and Jordan Moss of New York City. This time around it’s Egle Zvirblyte of London, who has drawn inspiration for her colors from high-intensity training. The ...
-
ArticleAdidas unveils its business plan through 2025, expanding DTC
After releasing its results for 2020, Adidas introduced a new strategy at a virtual Investor & Media Day, dubbed ”Own the Game,” which it says aims to raise sales, market shares and profits by strengthening the “credibility” of the Adidas brand, by boosting the direct-to-consumer channel and creating a unique ...
-
ArticleAdidas ends 2020 with a small plus and a positive outlook
The Adidas Group ended the year with a small sales increase of one percent in local currencies in the fourth quarter, despite a challenging environment, especially in Europe, the only market that suffered a sales decline. As currency headwinds persisted, total sales were down by 5 percent to €5,548 million ...
-
News briefs
i-Run opens its first Parisian concept store
i-Run, a French online and offline retail chain specializing in running shoes, has opened its first concept store in Paris. The three-storey shop, called “The House of Running,” has a surface of 210 square meters (130 for the store alone) and is located at 10 rue du Plâtre, in the ...
-
News briefs
Adidas campaign features a meter-long shoe
Adidas and the Estonian rapper Tommy Cash have designed a sneaker that exceeds one meter in length and promoted it through Cash’s Instagram channel, where it received 140,000 likes within a day. The idea to “make the longest shoes in the world” came from Cash himself and is a marketing ...
-
News briefs
Adidas Confirmed comes to Europe
Adidas has expanded the reach of its new version of the Adidas Confirmed app to Europe. First launched in the U.S. and China last year, the app gives the registered customer immediate access to new releases of sneakers and special collections. The app became available on March 1 in Germany, ...
-
News briefs
A new trade body in the U.K. to support digital retail
Six major U.K.-based e-tailers – Asos, Boohoo, Gymshark, the Ocado Group, AO World and The Hut Group (THG) – have launched the UK Digital Business Association (UKDBA), a new trade body to support the fast-growing e-commerce sector. The new association will back the digital commerce sector while also supporting brick-and-mortar ...
-
News briefs
Fanatics enters China via a joint venture
Fanatics, the U.S.-based online retailer of licensed sports merchandise, has announced that it is expanding into China via a joint venture with Hillhouse Capital Group, a private equity firm that is also a major shareholder in a major Chinese sporting goods retailer, Topsports. The 50-50 joint venture will be based ...
-
News briefs
Adidas opens its first flagship store in Dubai
Studded with 60 different digital touchpoints, the 1,500-square-meter flagship store opened by Adidas in the Dubai Mall is the first one in the city. It offers many unusual services including free shoe cleaning and a “Bring It to Me” app that allows customers to request a product and get it ...
-
News briefs
Padel Nuestro to double its international retail footprint
According to Diffusion Sport, Padel Nuestro intends to more than double its retail footprint in the padel tennis market. To its existing 35 points of sale, the Spanish group plans to add 12 own stores, six franchises and 20 Padel Nuestro Express shops. If all goes well, the endeavor should ...
-
News briefsOutdoor Retailer Summer Market moves from June to August
Emerald Expositions has announced that Outdoor Retailer Summer Market 2021 has been moved from its original date of June 15-17 to Aug. 10-12 as a physical trade show at the Colorado Convention Center in Denver, with a digital extension for exhibitors and attendees unable to attend in person. The date ...
-
News briefs
Frasers takes a hit with English retail lockdown due to end on Apr. 12
British Prime Minister Boris Johnson announced that non-essential retail stores may reopen in England on April 12 after having been closed since Jan. 4 to prevent the spread of the Covid-19 pandemic. Indoor leisure facilities such as gyms are also due to reopen on that date. Like in other countries, ...
-
News briefs
Adidas joins the Fur Free Retailer program
Adidas has joined the Fur Free Retailer program, an international initiative of the Fur Free Alliance that aims to encourage companies to go fur-free. Adidas currently does not sell products made of animal fur, but the brand has nevertheless pledged to permanently renounce fur in order to underline its commitment ...
-
News briefs
Adidas plans to resume dividends
Adidas’ executive board has decided a resumption of the company’s dividend payments, subject to approval by the supervisory board and at the annual general meeting of May 12. The says its decision reflects a positive outlook for the current financial year and follows a series of financing measures: it recently ...
-
News briefs
Kinnevik’s Zalando shares go to its own shareholders
Kinnevik, the Swedish investment fund that has been supporting Zalando since 2010, helping it to go public in 2014, has decided to transfer its 21 percent interest in the big German-based e-tailer to its own shareholders, provided they approve the move at Kinnevik’s annual meeting on April 29. The Swedish ...
-
News briefs
Adidas Golf signs up Brendan Lawlor
Adidas Golf has announced that Brendan Lawlor will join its roster of athletes. The Irish golfer is currently No. 4 in the World Rankings for Golfers with Disability (WR4GD). After forging a successful amateur career across both disability and able-bodied competitions, he became the first disabled golfer to compete in ...
-
ArticleAdidas has decided to divest Reebok
Having completed a month-long review of the brand, the Adidas Group has decided to begin a “formal process” to divest the Reebok brand. The other option would have been to keep it in-house. The German sportswear giant had originally planned to make an announcement on March 10, during a previously ...
-
ArticleThe latest on Nike’s presence on Lidl’s marketplaces
Some Nike products are being offered on the German and Spanish marketplaces of LIdl, one of the largest low-cost grocery retailers in Europe, raising some eyebrows. However, Nike released the following statement in reaction to a a report in the Spanish pres: ”Lidl is not a partner in Nike’s marketplace ...
