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Adidas AG
Adidas scores a hit with first batch of unsold Yeezy shoes
...But on Monday evening, Adidas disclosed that the first sale of Yeezy was so successful that it had reduced the book value of its remaining stock by one-fifth....
April 17, 2024
Orascom Construction Industries NV
Egypt’s richest man Nassef Sawiris considers breaking up his empire
...He is a top shareholder in Adidas and a member of its supervisory board....
February 14, 2024
FT Live
Business of Football Summit
The global gathering of leaders in football and finance
Wednesday, 26 February 2025In-Person & Digital | London
News updates from March 12: US House votes through bill to ban TikTok; Geert Wilders announces he will not be Netherlands PM
Adidas sales in China return to double-digit growth
...Adidas sales in China will grow at a double-digit rate this year after surging 37 per cent in the fourth quarter of 2023, the world’s second largest sports brand said, as it recovers from the fallout of...
March 13, 2024
Adidas AG
Adidas says China recovery will power growth
...Collapsing sales in China were one of three factors that in 2022 pushed Adidas into its worst crisis in three decades....
March 13, 2024
News in-depthAdidas AG
Bjørn Gulden: the ‘chaotic’ ex-footballer revamping Adidas
...Although cutting out third parties boosts margins for manufacturers, Adidas’s move backfired because it alienated a network of independent retailers that account for nearly two-thirds of the brand’s sales...
March 12, 2024
News updates from January 31: Federal Reserve holds interest rates, EU commits €21bn in Ukraine military aid
Adidas issues weaker than expected profit outlook as demand softens
...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...
January 31, 2024
FT Live
Future of Retail
Securing long-term business growth with technology innovation
Tuesday, 17 SeptemberLondon, UK
Scoreboard
Can a watchdog fix English football? Premium content
...Sports marketer Tim Crow says Adidas will now “move heaven and earth” to win deals with German national team players. But the big target could be Adidas’ deal with Fifa, the organiser of the World Cup....
March 23, 2024
Scoreboard
Private equity’s plan for rugby Premium content
...The man — and the shoes — putting Adidas back on track It is coming up to 18 months since Adidas ditched its partnership with Kanye West over the rapper’s antisemitic remarks....
March 16, 2024
News updates from November 8: Iger pledges another $2bn in Disney cost cuts, Draghi delivers downbeat EU forecast
Adidas cashes in on Yeezy sale as outlook improves
...In the third quarter, sales excluding Yeezy rose 2 per cent year on year....
November 8, 2023
JD Sports Fashion PLC
JD Sports to deepen US reach with $1bn bid for Hibbett
...In the year to February, it generated net sales of $1.7bn and pre-tax profit of $131.6mn....
April 23, 2024
News updates from October 17: 2-year Treasury yields hit 17-year high, Rolls-Royce to axe more than 2,000 jobs
Adidas raises full-year guidance as Yeezy sales buoy earnings
...Adidas raised its full-year guidance after the brand’s third-quarter performance was better than previously expected....
October 17, 2023
News updates from April 17: UK inflation falls less than expected; Boeing engineer says safety concerns are ignored
Risers and fallers in Europe
...in the first trading session after it reported that first-quarter sales and pre-tax profits came in below expectations....
April 17, 2024
Lex PopuliPersonal Finance
Athleisure shares appear out of shape
...German peer Adidas is coming back from a ghastly 2022, when China sales sank as consumers boycotted the brand for shunning cotton from Xinjiang over human rights abuses....
March 29, 2024
John Gapper
Adidas needs to rediscover its creativity after Yeezy
...This means mending ties with retailers, strained when Adidas tried to pivot towards online direct-to-consumer sales....
November 10, 2023
Adidas AG
Adidas makes tracks in its post-Kanye recovery
...In August, Adidas said it would donate €110mn to charity after its first Yeezy sale....
October 18, 2023
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
News in-depthApple Inc
China’s love affair with Apple and Tesla hits rocky patch
...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....
March 10, 2024
Live news updates from August 3: Apple services arm surpasses 1bn users, BoE raises interest rates by 25 bps
Adidas to give €110mn to charity after first Yeezy online sale
...On Thursday, Adidas said it generated €400mn in quarterly revenue and €150mn in operating profit in the first batch of Yeezy sales....
August 3, 2023
LexElectric vehicles
Slumping EV sales should not ring alarm bells in Europe — yet Premium content
...One school of thought is that EV sales growth in Europe has, thus far, been from wealthy early adopters and corporate buyers....
April 23, 2024
News updates from July 24: Credit Suisse fined $388mn over Archegos collapse; Israel passes controversial judicial overhaul law
Adidas upgrades outlook on ‘positive impact’ from Yeezy inventory sale
...Adidas expects a 4 to 6 per cent drop in full-year sales, lower than previous guidance of up to 9 per cent....
July 24, 2023
Adidas AG
Kanye West did not mean antisemitic remarks, Adidas CEO claims
...Adidas’s decision to ditch the Yeezy brand wiped out about €1.2bn in annual sales and €500mn in operating profit....
September 20, 2023
Nike Inc
Nike races to keep from losing ground to more nimble rivals
...Today, Nike’s competition goes beyond traditional rivals like Adidas as newer, more nimble shoe companies take market share....
January 13, 2024
Electric vehicles
IEA bullish on electric vehicle sales in 2024
...Sales of battery electric and plug-in hybrid cars could rise more than 20 per cent to reach 17mn this year, up from just under 14mn in 2023, and grow to account for as much as two-thirds of global sales...
April 23, 2024
Adidas AG
Adidas pledges to donate €110mn to charity from Yeezy sale
...In its second-quarter results on Thursday, Adidas said the first sale of its outstanding Yeezy shoes, generated €400mn in revenue and €150mn in operating profit....
August 3, 2023
InterviewArtificial intelligence
BCG says AI consulting will supply 20% of revenues this year
...A jump in sales at BCG’s AI division also partly offset a slowdown in other parts of the business last year amid a tougher economic backdrop....
April 23, 2024
Fintech
Gift cards: the crypto off-ramp no one is watching
...Sales are VAT-exempt and the reporting of capital gains is a matter of personal conscience....
March 12, 2024

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