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Adidas' online sales increased by almost 80 per cent in 2012 Tuesday, 26th March 2013
Adidas has reported a 77.5 per cent rise in online sales in 2012, with its e-commerce sales for the year totalling 205.2 million USD. The company’s online sales comprised 1.1 per cent of its total sales of 19.32 billion USD, while its overall retail sales also increased to 4.38 billion, a rise of 21 per cent.
Adidas reports loss after Reebok brand struggles in the Americas Thursday, 7th March 2013
Adidas reported a loss of €293 million for the fourth quarter of 2012, after sales of its Reebok brand products proved disappointing. Reebok, which has been owned by Adidas since they acquired the brand in 2005, has been struggling recently, particularly in North and South America.
Puma to close 90 of its stores in China Wednesday, 6th March 2013
Puma intends to permanently close around 90 of its stores in China as part of an on-going effort by the German sportswear retailer to reduce its overall costs worldwide. Puma recently announced that its sales rose by 11.7 percent, to a total of €804.7 million. This significant increase was not enough to avoid a total loss amounting to 45.8 million US dollars, indicating that the company needs to greatly lower its costs in the near future.
Adidas reaps the rewards of Olympic sponsorship Friday, 3rd August 2012
The sportswear giant’s £100 million campaign for the Olympics is expected to provide another lift to full-year earnings, which are already coming in at the top of investors’ expectations. Adidas’s after-tax profit rose 30 per cent to EUR 455 million on sales up by 11 per cent to EUR 6.34 billion.
JD Sports adds more stores to French expansion Tuesday, 3rd July 2012
JD Sports has revealed details of its French expansion strategy as it adds another Parisian store to its portfolio. The sports retailer has leased a new store in the Bay 2 shopping centre in Paris, set to open in February 2013. Cushman & Wakefield have been given sole instruction for the company’s French expansion plans, with the major cities of Marseille, Strasbourg and Toulouse also said to be on the retailer’s roll-out hit list.
H&M to open ‘surprise’ pop-up stores Wednesday, 6th June 2012
Hennes & Mauritz will launch a round of ‘surprise’ pop-up stores in London this summer, focusing on sportswear as the capital gears up for the 2012 Games. The world’s second largest apparel retailer will celebrate a summer of fitness with its new H&M sportswear format, launching in Covent Garden o 6 July and Westfield Stratford City on 7 July.
JD Sports edges up 1.6% over Christmas Thursday, 12th January 2012
JD Sports Fashion Plc saw gross like-for-like sales at its UK and Ireland operation increase by 1.6 per cent in the 5 weeks to 7 January 2012, compared with the same time a year before. In a Christmas trading statement released on Thursday, the leading sports retailer revealed that after taking account of the impact of additional VAT, the net like-for-like sales for this period increased by just 0.1 per cent.
JJB bosses have 18 million reasons to save the retailer Tuesday, 6th September 2011
JJB Sports has revealed a new share bonus scheme that could earn its chief executive and chairman more than £18 million each over the next five years.
Four executives and some senior managers at JJB will get shares equal to 20 per cent of any rise in the company’s market value beyond a set level. The set level rises by 5 per cent each year, up to £123 million at the end of the scheme in 2016. The shares awarded under the plan will not vest until 2016.
The scheme is an attempt to incentivise management to deliver a turnaround and to stay around until its fruition.
Shares in JJB rose 0.5p to 21p yesterday, giving it a market value of £62 million. The retailer has previously said its turnaround will take up to five years and it posted a loss of £181 million over the 52 weeks to 30 January.