EXEC: Adidas Blows Past World Cup Sales Expectations
EXEC: Saucony Sees Sharp Slowdown of China Retail Sales Growth in Second Quarter
EXEC: Frasers Group’s Sports Direct UK Segment Posts DD Profit Growth as Sales Decline
EXEC: CEO of Anta’s Namesake Brand Resigns
EXEC: JD Sports Relocating North America HQ in Indiana to Support JD Banner Rollout
SGB Update
Adidas to Open Store at Mall of America
Adidas plans to open its first full-price store in Minnesota at the Mall of America in October. The 9,161-square-foot space “is designed to offer a shopping experience that blends performance, sport culture and personalization.”
Tursi Soccer Opens First Store in Washington State
Portland, OR-based Tursi Soccer has opened its first store in the Washington State in Tacoma, bringing its store count to five.
Planet Fitness’ Australian Franchisee Acquired
Planet Fitness, Inc. and Franchise Equity Partners (FEP), a private investment firm, announced that FEP has acquired Bravo Fit, the Planet Fitness franchisee in Australia, from existing shareholders including Planet Fitness, which has exited its minority ownership position as a result of the transaction.
Stahls’ Acquires Siser Heat-Transfer Vinyl Brand
Stahls’ announced the acquisition of Siser, a specialist in heat transfer vinyl and related materials. As part of the acquisition, Siser will continue to operate under its stand-alone brand while collaborating with Stahls’ to “advance innovation, strengthen customer support, and drive growth across global markets.”
Fanatics Appoints Chief Information Officer
Fanatics appointed Parag Agrawal, formerly at Chobani, to the role of chief information officer. In this newly created role, Agrawal will reportedly lead Fanatics’ internal digital systems transformation, which spans accounting, financial planning and analysis and human resources.
SGB Executive
Salomon Appoints 20-Year Nike China Veteran as New GM for China
Vincent Du grew his career at Nike, having served in Nike Greater China for 20 years. His most recent role being vice president of merchandising for Greater China prior to his departure.
EXEC: Adidas Blows Past World Cup Sales Expectations
Adidas sold four times as many jerseys and twice as many match balls as it did during the last World Cup, according to an e-mailed response to questions from Bloomberg News.
EXEC: Anta Brand and Fila Each Deliver LSD China Retail Gain in Q2 for Anta Sports
Anta Sports Products, Ltd., which operates retail stores in China for the Anta brand, as well as Fila, Descente, Kolon Sport, and Amer Sports, reported that retail sales, in retail value, for the Anta brand in the second quarter saw low-single digit positive growth year over year.
EXEC: Saucony Sees Sharp Slowdown of China Retail Sales Growth in Second Quarter
Xtep International Holdings, Ltd. reported retail sell-throughs for its flagship Xtep brand declined mid-single-digits year-on-year in the second quarter, while sell-throughs for its licensed Saucony business delivered low-single-digit growth.
EXEC: Lululemon Cut to Sell by Truist Securities on Dimming Recovery Prospects
Truist Securities reduced its rating on Lululemon Athletica to “Sell” from “Hold” as the firm believes the yoga-themed retailer’s turnaround will prove more challenging than current price levels show.
