Retail insights from the sporting goods industry – Page 89
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News briefs
Adidas France has a new managing director
Mathieu Sidokpohou has taken over from Guillaume de Monplanet as the new managing director of Adidas France, the French subsidiary of the sporting goods giant. De Monplanet, who joined the Adidas group in 2005 as commercial director for Reebok, has left the company. He became country manager in 2018. Sidokpohou’s ...
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News briefs
New Balance rolls out new concept store in Tokyo
New Balance has introduced the T-House, a new concept store in Tokyo that is inspired from traditional Japanese tea houses. The two-story space, designed by Tsunemu Nagasaka, features a medley of wooden fixtures, made with repurposed frames that were taken from a 122-year-old warehouse in Saitama. The shop is on ...
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News briefs
VF to open its first multi-brand store
VF Corp. will be opening its first multi-brand store, called Orefici 11 Milano, in the autumn. Located in the Italian city, the three-level, 22,000-square-foot store is meant to reflect its surroundings, mimicking the courtyards, façades and balconies of typical Milanese apartment buildings, the so-called case di ringhiera (guard-rail houses). As ...
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ArticleZalando improves its guidance
Zalando expects the gross merchandise volume (GMV) to rise by 20-25 percent and revenues by 15-20 percent for the full financial year, with the adjusted Ebit reaching €250-300 million, as the German online fashion retailer benefited from the impact of the Covid-19 pandemic. The previous guidance, published on May 6 ...
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ArticleXXL bounces back
It seems that there is light at the end of the tunnel for XXL ASA, after many quarters stuck in a downward spiral. To turn the business around, the leading Nordic sports retailer has been taking drastic steps such as cutting costs, clearing inventory and searching for new “sustainable” sources ...
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Article
Russia’s Sportmaster wants to trade more online
Russia’s biggest sporting goods retailer, Sportmaster, plans to boost the share of sales online to 30 percent, as compared to 12 percent before the coronavirus pandemic, said Dmitry Strakhov, Sportmaster’s sales and development director. To reach that goal, Sportmaster plans to design and launch a new online store as well ...
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ArticleMartes Sport expands in Poland and abroad
While putting on hold the planned rebranding of its higher-end Martes Sport Premium stores, Poland’s largest sporting goods retailer is continuing to add new stores to its chain and to expand internationally, in spite of the coronavirus epidemic. Martes Sport has opened a total of 16 new locations under its ...
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News briefs
Lululemon opens corner in a Munich department store
Lululemon has opened a shop-in-shop of 90 square meters in the urban sports section of Oberpollinger, the high-end department store in downtown Munich. It’s the first of the kind in Germany for Lululemon, which already has a store in Munich and eight others in the rest of the country.
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ArticleCovid-19 drives rent renegotiations, partnerships
Retailers in Europe and the U.S. have been seeking rent relief while reeling from Covid-19 shutdowns, and now that their stores have reopened, they are facing uncertain sales prospects and higher costs to meet health and safety requirements. Although some landlords have taken a hard line, many others have been ...
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News briefs
Nike introduces a new, reactive store concept
On July 9 Nike introduced a new, reactive store concept at its flagship in the Chinese city of Guangzhou. Called Nike Rise, the system tailors the shopping experience to individual “members” – that is, customers registered with one of its apps – and connects them to a community in the ...
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News briefs
Real Madrid implements an omni-channel retail plan with Legends
Real Madrid is implementing an omni-channel retail program developed for it by Legends, a company that operates in sports, entertainment and attractions and seeks to provide “holistic solutions for legendary brands.” The football club is opening a new online store, in eight languages, for its official merchandise, but it will ...
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News briefs
Five years of Adidas with Parley for the Oceans
Adidas presented a new limited-edition sneaker for the fifth anniversary of its collaboration with Parley for the Oceans. The company said it would donate €30 to the NGO for each pair of the model sold in the first three days of the promotion. The partnership between Adidas and Parley for ...
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News briefs
Town & Country is returning to Europe
According to Boardsport Source, Town & Country is returning to Europe this summer, in time for next year’s 50th anniversary, with the soft launch of a surf shop in Hossegor, France – not far from the legendary beach at La Gravière. Called “The Salts Only,” the store will strike a ...
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ArticleOnline sales support Kathmandu and Rip Curl
Kathmandu Holdings told investors that it expects a 30 percent drop in adjusted Ebitda for the current financial year, in spite of strong online sales during the recent corona-related retail lockdowns in Australia and double-digit sales increases overall after its stores reopened. While it is still more than half way ...
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News briefs
JD Sports is Celtic’s new retail partner
The Celtic football club has named JD Sports as its “official retail partner.” The official kits and training wear products of the Glasgow-based professional football club, which plays in the Scottish Premiership, will be available across the globe in JD’s physical and online stores as well as in the club’s ...
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News briefs
Engelhorn cooperates with Rose Bike
Engelhorn, the big German sports and fashion retailer based in Mannheim, and Rose Bike, the German bike company, have signed a cooperation agreement. In August, both partners will open a Rose Bike shop-in-shop inside the bike department of Engelhorn Sports’ big store in Mannheim. Catering to a growing demand for ...
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Article
Adidas' brand equity grows more than Nike's
Nike and Adidas are once again the only two sports brands among the 100 “most valuable brands” in the annual rankings compiled by BrandZ, which have just been released by Kantar Millward Brown. The Swoosh remained in 21st place, while the Three Stripes is up by 8 positions to number ...
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News briefs
JD boosts its Iberian store count
According to CMDsport, JD Sports has managed to open three new stores on the Iberian Peninsula – in or around Malaga, Ceuta and Oporto – amid all the re-openings of the post-pandemic. The highlight of the British retail chain’s new stores was the one that opened on June 13 in ...
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News briefs
Saucony opens a store in Shanghai
Saucony has inaugurated a store in Shanghai, at Super Brand Mall, in collaboration with its local partner Xtep. The 122-year-old running shoe brand plans to open brick-and-mortar stores in other Chinese cities.
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News briefs
Two more Salomon stores in Germany
Salomon is opening new stores in Frankfurt and Cologne, indicating that they are based on an “epicenter strategy” to raise brand awareness and help local retail partners create synergies and increase sales. The stores will focus on road running, trail running, hiking and backpacking as well as general sportswear, skiwear ...
