Athletic-inspired fashion retailer Hibbett has completed its acquisition by U.K.-based global sportswear giant JD Sports Fashion plc in a transaction valued at approximately $1.1 billion. https://ow.ly/1iZ350SKlfy #retail #apparel
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This month Drapers exclusively revealed that Frasers Group acquired five-store premium menswear independent JOHN ANTHONY for an undisclosed sum. Here, Drapers looks back at how Frasers Group continues its land grab in the premium branded market, and considers what it means for competitors, customers and brands. Read more here. #FrasersGroup #independent #retailnews #fashionnews
Frasers' quest for domination in the premium league
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"HanesBrands said on Wednesday it would sell its sportswear brand Champion to Authentic Brands Group in a deal valued at $1.2 billion, as the company looks to streamline business and focus on its innerwear categories. Shares of HanesBrands surged 15.6% in premarket trading. The deal could reach up to $1.5 billion through an additional contingent cash consideration of up to $300 million based on achievement of performance thresholds. The acquisition of Champion, known for its athletic tops and hoodies, would help Authentic Brands to foray into the fast-growing sportswear business, as customers increasingly look to fill their wardrobes with casual and athleisure clothing that tends to be more comfortable and stylish." #authenticbrands #hanes #retail #mergersandacquisitions #finance #corporatefinance #equipmentfinance #financialservices #equipmentleasing https://lnkd.in/gfXqSFQd
HanesBrands to sell sportswear business Champion to Authentic Brands in $1.2 bln deal
reuters.com
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Top Retail Expert 2024 - RETHINK Retail | Keynote Speaker | C-Suite Advisor | E-Commerce Evangelist & Consultant | Investor in Stealth Mode
British department store retailer Marks & Spencer has announced that #Puma and #Reebok will be joining ‘The Sports Edit on M&S’ platform as part of efforts to bolster the category. Over 140 products from the 2 brands will be added to the retailer’s e-commerce site throughout February and March, including both performance wear, lifestyle apparel and footwear. The additions come one year on from the launch of #TheSportsEdit, which #MarksSpencer has accredited to the 110 percent growth in the #sportswear category on its #website, where 20 third-party partners are already located. In a release, N Mahajan, director of third-party brands at Marks & Spencer, said: “Sportswear is an integral part of our wider ‘Brands at M&S’ strategy as we continue to grow market share and brand credibility in the category. “Our dedicated platform has been carefully curated to cater for every style, energy level and price point, complementing and completing the strength we have in our core Goodmove range. We’re growing at pace – and there is more to come this year.” Marks & Spencer’s emphasis on sportswear comes at a time when the market is estimated to be worth over 15.3 billion pounds in the UK, accounting for around 26 percent of total spend on apparel, according to data provided by the retailer.
Puma and Reebok join Marks & Spencer’s sports platform
fashionunited.com
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Mumbai-based footwear retailer Metro Brands Ltd. (MBL) has acquired the exclusive rights for the distribution and sale of New Era Cap, a New York-based sports headwear brand. Click on the link below to know more... Metro Brands Limited I Paul Gils I Nissan Joseph #metrobrands #mbl #footwear #newera #neweracap #headwear #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailindia #retailsectornews #retailresults #retailtrends #retailbusiness #ir #IndiaRetailing
Metro Brands partners with New York-based New Era Cap - India Retailing
indiaretailing.com
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▪️POLYMATH: Strategic Creator & Curator: CONTENT ➕ CONSUMER GOODs/SNEAKER Pioneer & Serial STORYTELLER ➕ Competitive PLAY-MAKER + Master HUMORIST
🏴 ENGLAND's JD Sports Fashion is strategically taking over the global "Sneaker Industry Landscape" 🎯 Aiming to become the “Leading Global Sports Fashion Powerhouse” ▪️4500 retail stores in 32 countries ▪️Profolio: -JD, size?, Footpatrol Hibbett, JD Finish Line, Shoe Palace, DTLR, Inc. Sport Zone, Jd Gym, Sizeer, Livestock & Sprinter ▪️Revenue: -North America 35% -Europe 31% -UK 30% -Asia Pacific 4% ▪️w/ plans of expanding their global footprint at a rate of 250 to 350 new store introduction a year ▪️A lofty collective goal of 1,750 new retail stores worldwide over a five-year period ▪️Revenue is 56% Footwear, 32% Apparel, 6% Accessories and 6% other* *an ideal sportswear apparel partner ▪️Executing a "Multi-Brand" strategy with precision "Our success is a direct reflection of the strength and agility of our global, Multi-Brand strategy, which allows us to adapt swiftly to fast-changing industry trends across the world" ▪️Only 45% of their assortment being Nike ▪️Not favorable for the swoosh's come-back-to wholesale agenda ▪️Reporting a 5.2% revenue increase in Q1 FY25 while most brands & retailers hemorrhage 🛠️ Régis Schultz has put in some serious work in two short years leading the brand and its USA invasion 〰️https://lnkd.in/e6ztdCce 🦓 And their only global competitor is retracting with a planned store reduction of 10% by 2026, assortment mix standing at 60% NIKE -and operates 2,600 retail stores in 26 countries w/ 81% of revenue produced by Footwear #JohnandDavid
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Combining passions for Sport, Business and Teaching, I want to provide high school students with a unique opportunity to learn about the exciting and growing world of Sports Business.
UGGs and Stanley 1913 are taking over StockX. A space that has been reserved for Nike dunks, Air Jordan launches, Yeezy Slides and other limited sneaker drops is now seeing demand diversifying into new brands and spaces. Sneaker brands like ASICS Corporation, New Balance, and even Crocs are trading and circulating at premium prices along side the regulars. The UGG Tazz has taken over the top spot as the most in demand footwear on the platform. Along side the popularity of the UGG Tazz is the Stanley 1913 cups, specifically the uber limited Starbucks collaboration that was only available Target. The campouts, the mad rush, the lines, and the disappointment rivaled limited sneaker launches, so it is only right that StockX would be the destination for those craving the prized Stanley and are willing to pay for the convenience of skipping the chase. This is a great article from Calum Marsh in GQ Magazine for Sports Business classes. How much does Resale Value determine product success? Is there a formula to creating the "chase"? Are there ingredients to building the "It" product? When you have the "It" product, how do you capitalize on the demand? What is the best rollout strategy for limited edition product? Do you have any predictions on the next big thing? UO Sports Product Management Master’s Program University of Oregon Lundquist College of Business Fox School of Business at Temple University UCLA Anderson School of Management Georgetown University McDonough School of Business Portland State University - School of Business #sportsbusiness #sportsmarketing #sportsbusinesseducation #sportsmanagement #sportsbizprof
Ugg Slippers and Stanley Cups Are Going Crazy on the Resale Market
gq.com
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New Balance MENA and India GM Stuart Henwood, says: "Put simply it’s about maintaining our core principles no matter what we do ‑ authenticity, innovation, and fearless commitment to quality craftsmanship. The brand has roots that go back to 1906 and we continue to maintain our focus on producing high-quality footwear and apparel, prioritising function and leading the way with trends. This commitment to quality has fostered trust and loyalty among our customers who value performance and durability. "By championing diverse athletes and supporting grassroots initiatives, we continue to work with a wide range of partners, stakeholders and communities who share our ethos of inclusivity and empowerment. "This has been demonstrated through our recent launch of our ‘Run Your Way’ campaign which aimed to create a global conversation celebrating movement of every type, by removing running stereotypes and promoting a more inclusive and positive view of running." Read the full interview to learn about the company's strategy for the region. #newbalance #activewear #mena #retail #brand #legacy #sport #collabs
New Balance’s Stuart Henwood showcases the brand’s legacy, collabs and regional growth
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Dick’s Sporting Goods raises guidance, says shoppers are spending more on sneakers and athletic gear. Dick’s Sporting Goods raised its full-year guidance after shoppers spent more on new sneakers and athletic gear at its big-box stores. The company’s comparable sales grew 5.3%, well ahead of the 2.4% uptick that analysts had expected. The footwear and apparel markets have been sluggish over the last year but are beginning to show some signs of life. $DKS https://lnkd.in/eu2NUAKn #tradeguard #receivableputoptions #arputs #receivableputs #tradereceivables #accountsreceivables
Dick's Sporting Goods stock surges 16%, as retailer says shoppers are spending more on sneakers, apparel and athletic gear
cnbc.com
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Reebok: The Golden Shoe it Once Was: All of the 90s/early 2000s born had one name in thier mouth when it came to shoes for any occasion. To the extent that, at a certain point Reebok had left even Nike behind to become the most popular sportswear brand. This made me curious as to what went worng for the footwear giant. Reebok, which gave birth to the spiked shoes used in the football, in the 90's was the talk of the town. They were the only company who focused on footwear for women and tapped into a lucrative yet unexplored market. So what went wrong? 1) Perceived Value - Reebok instead of creating a brand identity tried to tap into all possible trends, shifting from sportswear to casuals to stylish shoes, they kept on producing leading to large volumes of unsold inventory, forced to be sold at huge discounts, consumers saw it as becoming inferior. 2) Demand-Supply Gap - As more and more players like Nike started to enter the market, Reebok began losing market share. 3) Merger - In 2005 Reebok was acquired by Adidas, although having a deal to not remove Reebok's logo from its shoes, Adidas strategically, removed Reebok's presence from the footwear segments targeted by them, thereby increasing their marketing share. 4) 2012 scam - Top management leader of reebok engaged in a scam involving creation of ghost warehouses and fake wholesalers, which used to be written off as bad debts in the books. Are there any more reasons you know about or want better explanation on the ones written above? Do share in the comments. #BrandManagement #BusinessStrategy #CorporateMergers #FootwearIndustry #MarketingFailures #Innovation #ConsumerBehavior #MarketTrends #CorporateScandals #RetailAnalysis
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