adidas AG ADROTCQX
Today, 10:20 AM
- China's highest court is expected to rule tomorrow in a closely-watched trademark case between Michael Jordan and Qiaodan Sports Co. Ltd.
- Qiaodan is accused of cashing in on sportswear and shoes sales by using the Mandarin transliteration of Jordan's name.
- The decision will obviously be important for Nike (NKE +0.8%), but also has implications for Under Armour (UA -14%) and Adidas (OTCQX:ADDYY) as they look to leverage their athlete endorsers in China.
- Source: Bloomberg
Sat, Nov. 5, 5:02 PM
- Barron's notes that short interest in Nike (NYSE:NKE) ($1.9B) is at an all time high, +150% YTD. This suggests there's more short-term pressure to come for Nike, it says.
- Nike investors are used to better that 8% revenue growth, and it has been popular for so long that investors may have forgotten it's still subject to "fashion risk."
- With the competition (UA and OTCQX:ADDYY/OTCQX:ADDDF among others) having "upped its game," growing short interest indicates some think things might get worse before they get better.
Thu, Nov. 3, 2:04 PM
- Adidas (OTCQX:ADDDF, OTCQX:ADDYY) CEO Kaspar Rorsted plans to streamline Reebok after watching sales level off in North America over the last three years.
- The company says revamping efforts with Reebok will lead to a one-time cost of $33.4M. Some U.S. Reebok stores could be sold as part of the overhaul.
Thu, Nov. 3, 8:50 AM
Wed, Nov. 2, 11:27 AM| Wed, Nov. 2, 11:27 AM | 26 Comments
Fri, Oct. 21, 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. 11, 3:29 PM
- Adidas (OTCQX:ADDDF, OTCQX:ADDYY) announces it will open a Speedfactory in the Atlanta area next year in an effort to manufacture footwear products closer to the prime U.S. market. The company already has a Speedfactory up and running in German.
- The development is a win for the Atlanta region, although the use of robots at the site will cap the hiring potential.
- The company aims to use the Speedfactory concept to adapt quickly to consumer trends and preferences. RetailDive thinks the success of fast-fashion retailers such as Zara and H&M has the attention of Adidas.
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.
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.