adidas AG ADROTCQX
Today, 9:09 AM
- Under Armour (NYSE:UA) will start selling the Curry 3 basketball shoe line next week when the NBA opens its season, according to ESPN.
- The first colorway of the Curry 3 is called the Dub Nation Heritage and features the colors of the Golden State Warriors (Curry 3 picture).
- The list price is $140, higher than the initial pricing on the the first Curry shoe, the Curry Two, and the Curry 2.5.
- Naturally, Nike (NYSE:NKE) has a full slate of new basketball shoes ready for the new NBA season and holiday rush. Notable products include the Kyrie3, LeBron 14, Air Jordan 1 Black Toe and Zoom KD9.
- Don't count out Adidas (OTCQX:ADDYY, OTCQX:ADDDF) just yet. The company is selling James Harden shoes and is betting on young stars after signing six of the top ten NBA picks this year (Brandon Ingram, Jaylen Brown, Dragan Bender, Kris Dunn, Jamal Murray and Thon Make) .
Fri, Oct. 14, 2:54 PM
- Piper Jaffray is out with the results of its annual Taking Stock With Teens Survey. The top brands listed by the 10K teens included in the survey are posted below.
- Top clothing brands: Nike (NYSE:NKE) 29%, American Eagle Outfitters (NYSE:AEO) 9%, Forever 21 5%, Ralph Lauren (NYSE:RL) 4%, Urban Outfitters (NASDAQ:URBN) 3%.
- Top handbag brands: Michael Kors (NYSE:KORS) 34%, Kate Spade (NYSE:KATE) 19%, Coach (NYSE:COH) 10%, Louis Vuitton (OTCPK:LVMHF) 5%, Longchamp Vera Bradley (NASDAQ:VRA) 3%.
- Top footwear brands: Nike 51%, Vans (NYSE:VFC) 9%, Converse 7%, Adidas (OTCQX:ADDYY) 6%, Steven Madden (NASDAQ:SHOO) 2%.
- Top restaurant chains: Starbucks (NASDAQ:SBUX) 14%, Chipotle (NYSE:CMG) 11%, Chick-fil-A 10%, Taco Bell (NYSE:YUM) 3%, Panera Bread (NASDAQ:PNRA) 3%, McDonald's (NYSE:MCD) 3%, Olive Garden (NYSE:DRI) 3%.
- Nothing earth-shattering in the tech results, dominating teen mindspace are Snapchat (Private:CHAT), YouTube, Instagram and Netflix (NASDAQ:NFLX).
Thu, Aug. 4, 8:51 AM
Thu, Aug. 4, 8:44 AM
- Shares of Callaway Golf (NYSE:ELY) could see some action today after Nike decides to stop selling golf equipment.
- The exit by Nike leaves the golf club business wide open for Callaway and TaylorMade.
- Earlier this year, Adidas (OTCQX:ADDYY) began the process of looking for a buyer for the TaylorMade golf division.
- ELY +6.33% premarket to $11.25 on very light volume.
Tue, Jul. 12, 8:01 AM
- Adidas (OTCQX:ADDYY) filed a lawsuit against Skechers (NYSE:SKX) over the design of the company's Mega Flex shoe. The legal action maintains the shoes infringes on the Springblade concept from Adidas.
- It's not the first legal tussle between the two shoe sellers. Last year, Adidas sued Skechers over stealing the design of the retro Stan Smith tennis shoes.
Fri, Jul. 8, 1:39 PM
- Under Armour (UA -0.9%) signed a deal with Aston Villa of the English Premier League. The uniform contract runs through the 2021 season.
- Nike (NKE +1.1%) renewed a deal with the La Liga Spanish Football League out to 2019. The highly-respected league, which features Lionel Messi and Christiano Ronaldo, will use Nike's Ordem 4 soccer ball.
- The company also scored a minor victory over Adidas (OTCQX:ADDYY) after the German company was shut out for the first time in over 30 years from being sponsor in the European Championship final. Both France and Portugal will wear the swoosh on Sunday in Saint-Denis.
- Both Adidas and Nike expect soccer-related sales of over $2B this year.
Wed, Jun. 29, 8:19 AM
- Adidas (OTCQX:ADDYY) has agreed to a new long-term partnership with Kanye West, who the German sportswear firm poached from arch rival Nike in 2013 and helped revive its business in the U.S. market.
- The deal is said to be the most significant tie-up created between a non-athlete and a sports brand and will develop beyond Adidas' current lifestyle focus to introduce new sports performance designs.
- The company also plans new stores selling West's YEEZY branded products.
Tue, Jun. 21, 11:03 AM
- Yesterday's performance shoe models are today's lifestyle shoes in a trend that's adding gusto to the sneakers industry.
- NPD Group estimates that so-called heritage shoes are the fastest-growing footwear category in the U.S. Heritage sales rose more than 50% in 2015 to account for close to 20% of all U.S. athletic footwear sales.
- Well-known heritage shoes such as Adidas' (OTCQX:ADDYY) Stan Smiths and Converse's (NYSE:NKE) Chuck Taylors are just a small part of the trend as celebrities, fashionistas, and even corporate suit wearers are all branching out into new retro areas.
- During Nike's last earnings call (transcript), execs tipped that the company doesn't take long to take a current performance shoe into the retro category when it called the new Black Mamba Pack (Kobe Bryant) a retro product.
Mon, Jun. 20, 11:41 AM
- Adidas (OTCQX:ADDYY) extended its soccer sponsorship deal with the German national team until 2022.
- The company will pay €50M ($56.7M) to be the official supplier to the reigning World Cup champion. The contract tops the €43M that Nike pays the French national team per year.
- Adidas has emphasized soccer over basketball over the last year.
- Adidas press release
Thu, Jun. 16, 9:37 AM
- Adidas (OTCQX:ADDYY, OTCQX:ADDDF) expects soccer-related sales to increase 14% Y/Y to €2.5B ($2.8B) this year.
- The company thinks it has edged past Nike in the European soccer business.
- CEO Herbert Hainer notes the company now has 36% of the market for soccer shoes/cleats/boots in the top five markets in Europe.
- The European Championship this month in France is helping to set up Adidas for a strong quarter.
Fri, May 27, 4:55 AM
- Adidas (OTCQX:ADDYY) sells U.S. sportswear businesss Mitchell & Ness to an entity formed by private equity firm Juggernaut Capital Partners. The transaction will generate a one-time gain in the low to medium double-digit million euro range which will be used to reinvest in the company's "Creating the New" strategy.
- Adidas says Mitchell's nostalgia headwear and apparel isn't core to its current strategy anymore.
Wed, May 25, 9:22 AM
- Adidas (OTCQX:ADDYY, OTCQX:ADDDF) announces it will open a mass production factory in Germany next year with robots doing a bulk of the assembly. The company will pull some of its production out of China and Vietnam if the robot plan goes to form.
- A similar plant is expected to be opened in the U.S. next year.
- Adidas thinks the two "Speedfactory" facilities can produce one million shoes a year within a couple of years when its automation production technology is fully developed.
Mon, May 23, 10:27 AM
- The U.S. footwear industry is expected to be big winner from the Trans-Pacific Partnership trade agreement, according to analysis from the U.S. International Trade Commission.
- U.S. footwear imports are expected to increase by 2.7% or $1.1B vs. the 2032 baseline growth estimate, with the bulk coming from Vietnam at the expense of China.
- Exports from the U.S. are seen increasing 12.2% as more parts are sent to Vietnam for final assembly.
- TPP is anticipated to have a positive impact on U.S. output and footwear-related employment levels.
- Footwear is the sector with the largest positive benefit from reduced tariffs in what could be a favorable development for margins.
- Full U.S. ITC report (.pdf)
- Related footwear stocks: DSW, SHOO, FINL, FL, UA, SCVL, UA, NKE, OTCQX:ADDYY, DECK, WWW, SKX.
Wed, May 11, 3:50 PM
- Adidas (OTCQX:ADDYY) will end a sponsorship and supplier deal with the Chelsea Football Club six years before the contract was scheduled to terminate.
- The ten-year partnership between the two will end on June 30, 2017, instead of 2023.
- Adidas expects to see a net income benefit in the mid-double-digit million euro range as part of a payment tied to the early contract termination.
Wed, May 4, 8:46 AM
- adidas AG (OTCQX:ADDYY): Q1 EPS of €1.71
- Revenue of €4.77B (+16.9% Y/Y)
Wed, May 4, 3:55 AM
- Following years of slumping sales, Adidas (OTCQX:ADDYY) is actively seeking a buyer for parts of its golf unit, including the TaylorMade, Adams and Ashworth brands.
- "The planned divestiture will allow us to reduce complexity and focus our efforts on those areas of our business that offer the highest return," said CEO Herbert Hainer, who is cleaning up Adidas' operations before Kasper Rorsted takes the company reins in October.