JD Sports Acquires MIG In Poland

JD Sports said it entered into an agreement to acquire a 60 percent stake in Polish sports fashion business Marketing Investment Group (MIG), with 410 stores across nine countries in Central and Eastern Europe.

Yue Yuen Sales Vault In February

Yue Yuen reported sales rose 77.0 percent to $755.5 million in February from $426.8 million a year ago. The year-ago period was impacted by the initial onset of the pandemic.

Adidas Predicts Strong Bounce Back For 2021

Adidas AG said Wednesday that it returned to slight growth at constant currencies in the fourth quarter, boosted by e-commerce and retail sales and that it expects strong rebounds in its top and bottom lines and margins in 2021.

Adidas Looks To Accelerate Growth Under New Five-Year Plan

Adidas aims to double its e-commerce sales by 2025 and make its products more sustainable as part of a five-year strategic plan, “Own the Game.” The plan also calls for revenues to expand between 8 percent and 10 percent on average annually and profits to increase at a faster rate.

Ron Jon Surf Shop Sets Succession Plan

Ron Jon Surf Shop announced that Michele Goodwin, currently vice president of retail operations and human resources, has been selected as Ron Jon Surf Shop’s next company president and COO. Goodwin will assume her new role on May 1, when. Debbie Harvey, president and COO of Ron Jon Surf Shop since 2008, retires.