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...Adidas warned investors on Wednesday evening that full-year operating profit is likely to be far lower than analysts predicted as it braces for negative currency effects, weak sales in North America and...
...Lululemon, where a pair of yoga pants can set you back £108, saw a slower start to the year in North America....
...Adidas: The company is expected to report an operating profit of €268mn today despite the Yeezy debacle. Read up on CEO Bjørn Gulden, the “chaotic” ex-footballer revamping Adidas....
Tesla wants to relocate its corporate domicile but institutional investors like Delaware’s sophistication and predictability
Tesla boss shows Argentine president Texas factory where they talked about lithium, Brazil and a disdain for bureaucracy
People in the US are being squeezed to such an extent that they are spending less altogether
...Escobar Inc, a company set up by his brother Roberto, had filed an application in 2021 with the European Union Intellectual Property Office (EUIPO) to register “Pablo Escobar” as a trademark for goods and...
...In the second quarter, sales in China were up 16 per cent while they fell by the same rate in North America, excluding Yeezy. In Europe, they declined by 1 per cent....
But the boost to liquidity can prove shortlived
...Sales of Nike and Adidas clothing have yet to return to their 2021 peak. A recent McKinsey report showed a growing preference among Chinese consumers for local brands....
...“There was a huge outflow from ESGU and into QUAL as a result of BlackRock changing their weighting,” said Bryan Armour, director of passive strategies research for North America at Morningstar....
...Today, Nike’s competition goes beyond traditional rivals like Adidas as newer, more nimble shoe companies take market share....
Delaware court previously voided chief executive’s $56bn remuneration
...In a January 2023 letter to the transportation department, Airlines for America called the rule “arbitrary and capricious” and said that, if adopted, it “will clutter web pages and mobile screens, thereby...
And more on bad buybacks
Americans account for 14% of users but their revenue contribution will be higher
...In the world of sports merchandising, it’s hard to look further than the behemoths of Nike and Adidas....
...Max launched in the US in May 2023 in an attempt to challenge Netflix, Disney and Amazon in the streaming market, and in Latin America and the Caribbean earlier this year....
...Over the past two years, big banks such as JPMorgan Chase, Bank of America, Citigroup and Wells Fargo charged more for loans in lockstep with the Fed lifting interest rates, without passing on the increase...
...Adidas also reported falling sales in November partly because of sluggish performance in North America....
TikTok’s Chinese owner offers nearly $171 a share as US employees grow concerned about tax bill on unsold stock
Legal battle between talent agency and Michael Kassan centres on jet flights and other spending
AI could be a game-changer for many of the tech giants
...Another factor driving the growth of ETFs is the active ETF boom, said Bryan Armour, director of passive strategies research for North America at Morningstar Research Services....
...The odds are it will be coming from card-issuing banks such as JPMorgan, Citigroup or Bank of America rather than Visa or Mastercard. Banks have plenty of ways to offset lower interchange fees....
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