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The Latest Breaking News from Adidas AG

Adidas To Cut 500 Corporate Jobs: Company Structure 'Too Complex'

The chief executive officer Bjoern Gulden of Adidas AG will cut 500 roles based at its headquarters in Herzogenaurach as the company outperformed projected sales for the retro sneakers.

International Business Times

German Authorities Raid Adidas Offices In Tax Avoidance Case

German Authorities Raid Adidas Offices In Tax Avoidance Case

Adidas AG headquarters was raided as part of a five-year tax investigation.

International Business Times

3 Consumer Discretionary Stocks with Strong Growth Prospects

3 Consumer Discretionary Stocks with Strong Growth Prospects

With inflation showing a cooling trend and disposable incomes on the rise, the consumer discretionary sector is gaining momentum. Amid this, Adidas AG (ADDYY), Skechers U.S.A., Inc. (SKX), and Abercrombie & Fitch Co. (ANF) stand out with their solid fundamentals and promising growth prospects. Read more….

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3 Sportswear Stocks to Keep on Your Radar

With health and fitness on the rise, the sportswear market is booming. Moreover, the ongoing Paris 2024 Olympics is further boosting interest, and Nike (NKE), adidas (ADDYY), and Under Armour (UAA) are leading the charge with a new era of high-performance and stylish activewear. Thus, keeping these stocks on your…

2 Popular Athletic Wear Stocks to Watch

Despite challenges like intense competition, the athletic wear industry is growing rapidly due to innovation, demand for comfort and style, increased outdoor activity, and excitement for the Paris Olympics 2024. Therefore, investors could consider watching popular athletic stocks: NIKE (NKE) and adidas (ADDYY). Read on.

Are Nike (NKE) and Adidas (ADDYY) the Top Sportswear Stocks to Buy Today?

The sportswear industry faces inflation and inventory challenges but is poised to witness considerable long-term growth thanks to robust Gen Z’s spending amid increasing health and fitness awareness and e-commerce growth. Amid this, let’s analyze whether it would be wise to add NIKE (NKE) and adidas (ADDYY) to your portfolio…

Nike (NKE), Adidas (ADDYY), or Skechers (SKX): Which is the Best Athletic Stock?

The surge in global interest in sports and fitness activities is contributing significantly to the growth of the athletic industry. Hence, let us analyze which is the best athletic stock among Adidas (ADDYY), NIKE (NKE), and Skechers (SKX). Read more.

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Andrea Felsted: Adidas-Kanye divorce is going to be expensive

Will they split? Won’t they? On Tuesday, we finally got an answer to whether Kanye West and Adidas AG would go their separate ways. The sportswear giant said it was ending its almost decade-long collaboration with the musician, now officially known as Ye, after putting it under review earlier this…

Tribune News Service

Adidas cuts ties with Ye

Adidas AG will absorb a hit to earnings of up to €250 million ($247 million) to end its partnership with Ye following a rash of offensive behavior from the rapper and designer that turned a once-thriving shoe brand into a lightning rod for criticism.

Tribune News Service

Kanye West's Feud With Adidas And Gap Heats Up: What's On The Line For Him And The Companies

Kanye West's Feud With Adidas And Gap Heats Up: What's On The Line For Him And The Companies

In 2016, Kanye West's apparel brand Yeezy partnered with Adidas AG - ADR (OTCQX: ADDYY) for Adidas + Kanye West to manufacture footwear, apparel and accessories.

Short Volatility Alert: Adidas AG

Short Volatility Alert: Adidas AG

On Wednesday, shares of Adidas AG (OTC: ADDYY) experienced volatile short activity. After the activity, the stock price went up +1.87% to $87.57. The overall sentiment for ADDYY has been Bearish.

Adidas Shares Slide As China Lockdown Weighs On Q1 Earnings, FY22 Outlook

Adidas Shares Slide As China Lockdown Weighs On Q1 Earnings, FY22 Outlook

Adidas AG (OTC:ADDYY) reported first-quarter FY22 sales growth of 0.6% year-on-year to €5.3 billion. Currency-neutral sales declined 3% as supply constraints reduced the top-line by €400 million. Currency-neutral sales across North America rose 13%, EMEA improved 9%, and Latin America jumped 38%. The challenging market environment and COVID-19-related lockdowns in Greater China and…

Read How Adidas Fared In Q4

Read How Adidas Fared In Q4

Adidas AG (OTC:ADDYY) reported a fourth-quarter FY21 sales decline of 0.1% year-on-year, to €5.1 billion. Currency-neutral revenues in Q4 declined 3%. Supply shortages due to the lockdowns in Vietnam, challenging market environment in Greater China, and COVID-19 related lockdowns in Asia-Pacific reduced revenue growth by more than €400 million in Q4. Currency-neutral revenues…

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