"JD Sports Fashion has proposed to buy American athletic fashion retailer Hibbett Inc for about $1.08 billion, the companies said on Tuesday, as Britain's biggest sportswear retailer looks to expand across the southeastern U.S. The deal comes as shares in athletic clothing retailers come under pressure globally after weak outlooks from sports apparel makers such as Nike and Puma. Last month JD's U.S. rival Foot Locker also warned on 2024 profits, though Adidas last week hiked its 2024 forecast on strong demand for the German sportswear giant's sneakers. JD Sports, which sells Nike, adidas, HOKA and other sports brands, said last month it expects the Euro soccer championships, Paris Olympics and new styles of trainers and track suits would spark life into the lacklustre market." #JDSports #hibbett #retail #finance #mergersandacquisitions #financialservices #corporatefinance #equipmentfinance #equipmentleasing https://lnkd.in/e2ZGCKrH
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JD Sports to buy US rival Hibbett in $1.08B sportswear retail deal: https://lnkd.in/gTSzzJB2 Check out my Hibbett article written earlier this year to find out why JD Sports is spending >$1B to acquire it! #valueinvesting 👉https://lnkd.in/geh6ikpi
JD Sports to buy US rival Hibbett in $1.08 billion sportswear retail deal
reuters.com
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JD Sports Fashion PLC (LSE:JD.) is one of two standouts in a generally strong sportswear sector, according to the analysts at J.P. Morgan. The trainer specialist offers the best combination of growth, margins, returns and valuation in the sector, with well-underpinned estimates for next year and a strong Christmas trading update ahead as suggested by recent peer reporting and US credit card data for the sector. Adidas AG though remains JP Morgan’s highest conviction 'overweight' recommendation. Good data on brand momentum and a likely disproportionate benefit from the drivers of demand (e.g. higher than average exposure to football) and gross margins (unwind of Kanye West/Yeezy markdown) next year, "we still see upside to consensus estimates", the analysts said. Price targets are 211p for #JDSports and €230 for #Adidas. More at #Proactive #ProactiveInvestors #LSE #JD http://ow.ly/btaa1055xpu
JD Sports and Adidas standouts in sportswear for 2024, says JP Morgan
proactiveinvestors.co.uk
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JD Sports is buying US retailer Hibbett for $1.8 Billion, expanding their presence in the US. JD Sports is a British company that's one of the biggest sports retailers in the world, but has a much less dominant presence in America. JD already owns Finish Line & Shoe Palace but the new acquisition gives JD 1,169 new Hibbett owned stores across the US, which pits them directly against rivals like Foot Locker and Dick's. Sneaker retail has constantly been looked down as a flailing market. While brands like Foot Locker and JD Sports have struggled over recent years, there will still be a place for physical retail stores and the current industry trends might lead to more competitiveness between these companies. https://lnkd.in/dpMJZKyp #retail #footwear #sneakers #shoes #jdsports #fashion
JD Sports to buy US rival Hibbett in $1.08 billion sportswear retail deal
reuters.com
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How well is Adidas doing...? 👟 Since the very public dissolution of the Ye partnership, an estimated hundreds of millions in projected losses, and the arrival of a new CEO, I've seen most people have a negative outlook on Adidas over the last few months. But is that changing? -Adidas has lifted their revenue guidance, decreasing their expected losses by hundreds of millions thanks to sales from their latest Yeezy release -Adidas has a new partnership with hot Hong Kong-based streetwear brand CLOT, who left Nike for Adidas -Adidas has many new projects: Sony & Marvel for the upcoming Spider-man game, Adidas x Korn, Adidas x The Simpsons, Adidas x Bape (x Jalen Green) golf shoe collection, a new sneaker line for Donovan Mitchell -New investments in the Adizero Pro Evo 1 running shoes and other products in the sports/athletic performance category While Yeezy shoes will leave a hole in Adidas' wallet, they can now focus their efforts on other things. And maybe that's a good thing for Adidas. https://lnkd.in/eS2d5hQY #sneakers #adidas #footwear #sneaker #shoes #sneakerindustry
Adidas lifts revenue guidance, cuts operating loss for 2023
reuters.com
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Champion is one of America's original sportswear brands, and it has experienced moments of enviable popularity during its history spanning over a century. With its origins in college sports uniforms back in the 1920s, the brand claims to have invented the hoodie and the sports bra. It even manufactured the official jerseys of NBA players, as well as for NFL and US Olympic teams. In the late 80s to early 90s, a series of hip-hop artists began wearing Champion garments, blurring the lines between sportswear and streetwear. It was then that the brand gained mainstream status and became incredibly popular amongst everyday consumers. By the early 2000s, however, big name brands such as Nike, Adidas and New Balance began to saturate the market. These juggernauts gained popularity due to their sneakers, and stole the hearts and budgets of those who had previously favoured Champion. Today, HanesBrands—the parent company of Champion—is considering selling Champion "to ensure HanesBrands is best positioned to grow and create value for shareholders." Learn more about Champion's rise and fall in a recent article by Jennifer Ortakles Dawkins, published on Business Insider, via the link below. https://lnkd.in/gNfFVFJB At YOZO, we're driven by a passion for small business. We're here to help your small business thrive in an ever-evolving market. Discover our fast, simple and transparent funding at yozo.com.au. #yozo #yozoknows #champion #brands #riseandfall #success #market #sportswear #america #popularity
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With all the talk today about the UK being in recession its important, particularly in retail, to focus on those areas of growth that can be seen. Trust in an economy is, in some part, based on confidence. Therefore - let's focus on the positives and turn this thing around! #economy #positiveattitude #growth #supplychain #MandS
Sportswear is in demand! 🏃♀️ 🏃♂️ In the last 12 months searches for sportswear on M&S.com has grown by 110% which is why from next month, The Sports Edit on M&S.com will be home to five out of the top ten global sportswear brands as we welcome sportwear giants PUMA Group and Reebok as part of our Brands at M&S. Everything you need to know 👉 https://bit.ly/42IUSoM #NotJustAnyNews #Puma #Reebok #MandS #ClothingandHome #sportswear
M&S WELCOMES PUMA AND REEBOK TO THE SPORTS EDIT PLATFORM ON M&S.COM
corporate.marksandspencer.com
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🙏 Good news from the latest Adidas earnings call and thumbs up Bjorn Gulden Adidas has just reported overall better than expected financial results. While North America was their weakest market, they have seen strong growth in Europe and Asia. This is all good news for CEO Bjorn Gulden, who has stared down challenges like dealing with the Yeezy fallout (both Kanye and the shoe inventory) and losing the decades long partnership with the German national football team. In his tenure of just over a year, Bjorn has performed pretty well--or at least better than his competitors, which is one of the biggest things that matters in financial markets. Bjorn comes across better than Nike CEO John Donahoe, who has experienced more declining growth, layoffs, and generally poor PR in comparison. In the lifestyle shoe category, the Adidas Samba, Campus, and Gazelle are dominant global players. Depending on how you look at it, the Adidas Sambas are currently the most popular shoe in the world. As all businesses get increasingly more data driven, Adidas' ability to track the success of their shoes and their competitors' shoes will ensure they remain savvy with their decision making. https://lnkd.in/eex6qsaw #adidas #sneakers #footwear #shoes #retail #fashion #lifestyle #marketing
Adidas' CEO on Yeezy, Samba, and UK Prime Minister Rishi Sunak
complex.com
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👟 🌟 𝐀𝐝𝐢𝐝𝐚𝐬 𝐜𝐨𝐮𝐥𝐝 𝐛𝐞𝐧𝐞𝐟𝐢𝐭 𝐟𝐫𝐨𝐦 𝐍𝐢𝐤𝐞’𝐬 𝐢𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 𝐬𝐭𝐫𝐮𝐠𝐠𝐥𝐞𝐬, 𝐌𝐨𝐫𝐠𝐚𝐧 𝐒𝐭𝐚𝐧𝐥𝐞𝐲 𝐬𝐚𝐲𝐬 The sneaker game is evolving, and adidas is stepping up its style! 🚀 Analysts are seeing a shift from chunky #basketball kicks to sleek terrace sneakers, signaling a new trend on the rise. Edouard Aubin and Grace Smalley, CFA's insights showcase Adidas' potential, prompting a double upgrade and a bump in price target. With Nike facing innovation hurdles, adidas could seize the spotlight with its strategic pricing and fresh approach. As Nike works to regain its edge, Adidas is gearing up for a leap forward. Don't miss out on this sneaker revolution! https://lnkd.in/gWBrhtCm #Adidas #Nike #SneakerTrends #StockAnalysis #fashionindustry #executivesearch
Adidas could benefit from Nike’s innovation struggles, Morgan Stanley says
us.fashionnetwork.com
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Major sportswear brands shifting to more direct-to-consumer sales (DTC) rather than wholesale. Adidas has a plan called "Own the Game" to make DTC half its sales by 2025. Nike currently leads with 44% DTC, while Adidas and Under Armour are around 39% and Puma has fallen behind at 23% DTC. The shift allows more control over customers but requires significant investment in marketing, supply chains and customer insights. Adidas and Nike are transitioning ambitiously to DTC-led models, while Puma seems to be lagging in this change. https://lnkd.in/dXnEPCP2
Sportswear Giants Look to "Own the Game" with Direct-to-Consumer Shift
posts.voronoiapp.com
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A see-saw effect in China’s sportswear industry is intensifying as global giants, namely Adidas and Nike, are toe to toe with domestic rivals such as Anta and Li-Ning, as evidenced by those players’ latest performance in the region. The “neck-and-neck” position among the top four means “all the previous hypotheses that Chinese consumers would only buy local brands or would only buy foreign brands doesn’t hold water anymore,” said Edward Tse, Founder & CEO of Gao Feng Advisory Company. Find out more in our latest opinion article: 👇 #china #sports #sportswear #brand #market #business #industry #marketing #adidas #nike
Can global sportswear giants reclaim the Chinese market?
https://daoinsights.com
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