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ADDYY.PK

Adidas Ag

6/19/2013, 5:47 PM ET

Quote & Headlines Market Currents StockTalk

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| On the move

Friday, February 17, 2012, 12:51 PM The bad times get worse for K-Swiss (KSWS -9.7%), after the shoemaker's Q4 miss and soft 2012 revenue guidance ($240M-$250M vs. consensus of $269.8M) demonstrate the challenges it faces in competing with larger rivals Nike (NKE) and Adidas (ADDYY.PK). K-Swiss' Q4 gross margin was just 25.6%, down 680 bps Y/Y and well below Nike's FQ2 gross margin of 42.7%. (previously) Comment! [Consumer, On the Move]
Wednesday, September 28, 2011, 10:50 AM Shares of shoe companies look a little skittish after Reebok (ADDYY.PK) settles with the FTC for $25M over deceptive claims certain brands of its shoes led to muscle toning. Though the settlement amount is small to a multi-billion dollar industry, the sector could now face pressure to back up claims "toning" shoes aren't gimmicks. Decliners: SKX -2.2%, SHOO -2.4%, CROX -3.1%. Comment! [On the Move, Quick Ideas, Consumer]
Tuesday, September 6, 2011, 10:41 AM HSBC downgrades Nike (NKE -3.2%) to Neutral from Overweight with a $96 PT. The firm notes potentially weak back-to-school consumer spending and a concern if Nike has lost its competitive position in Europe and Russia against rival Adidas (ADDYY.PK) leading up to the Euro soccer championship next summer. Comment! [On the Move, Consumer]