Reebok move towards fitness fashion paying off
Sponsorship deals with fitness groups reviving fortunes
An opera singer and experts from a local yoga studio stage a workout to mark the launch of a Reebok FitHub concept store in Covent Garden, London, last month. Photograph: Bethany Clarke/Getty Images
Reebok now produces training shorts, shoes and shirts for CrossFit, a fitness regime imported from the US and attracting devotees in Europe, and the the move towards fitness and fashion seems to be paying off.
When Adidas warned on its profit last month, analysts were quick to note that Reebok was, for once, not cited as a problem.
“It’s confirmation that Reebok is doing better,” said Cedric Lecasble, an analyst at investment group Raymond James.
“While it’s not really impressive yet, the strategy is more focused, and I expect Reebok will be the strongest brand in terms of sales growth in the third quarter.” – (Reuters)