Finish Line Hopes To Cooperate With Adidas To Promote The Development Of The Company.
In March of this year, when Sports Authority entered the court winding up, 463 of its chain stores eventually failed to take over, and the whole line was closed.
The debt owed to Sports Authority is $11 billion, which is a drag on Under Armour.
Nike
The former needs to reduce annual profit forecasts, and the latter is downgraded by Morgan Stanley, Bank of America and Merrill Lynch.
Fortune refers to the fate of Sports Authority, reflecting the trend of customers.
online shopping
(Amazon is the main beneficiary). The sports shops with high cost are facing more and more intense competition.
Sports Authority, because of poor management, shop
Design
If it does not keep pace with the times, it will take the lead in closing down in the white hot competition. If the economic analysts expect the economy to be uncertain, the phenomenon of excessive expansion of sports retail will continue to look for the next sacrifice. Even the latest Dick s Sporting Goods operating performance reflects the retrogression of Holiday Quarter's profits.
Amid the panic, Finish Line, a chain sports shop, even recorded business growth against the market.
In fact, Finish Line announced early this year that it had cut 150 stores, but its quarterly results far exceeded analysts' expectations. Even in the shadow of Brexit, the stock market went up 21% and returned to its new high in 2008.
The company CEO Sam Sato Sato was split on the teleconference, and the company was driven by the Adidas.
Sam Sato bluntly Adidas momentum like rainbow, the whole world has high hopes for this brand, NMD, Ultra Boost, Super Star, Stan Smith four shoes saved the company, is the main factor of the performance of Finish Finish is overjoyed.
In the future, we hope to cooperate with Adidas and continue to promote the development of our company.
Adidas not only aims to reverse the fate of design, but also lays a solid foundation in the sports equipment manufacturing industry, and at the same time leads partners to win win situation.
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