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Tuesday, Dec 38:00 AMAdidas backs 2015 targets after recent sales slip
Tuesday, Dec 38:00 AM| Comment!
- Adidas (ADDYY) says it will stick with its 2015 targets of sales of €17B ($23B) and an operating margin of 11%.
- A lackluster Q3 report from the German company which paled to Nike's performance during the same period had raised the issue of its future growth track.
- For 2014, Adidas says sales will grow in a high single-digit pace and operating margin will be improved by a percentage point.
Monday, Nov 114:55 AMAlibaba expects $5B boon from China's "Singles Day"
Monday, Nov 114:55 AM| 2 Comments
- Alibaba expects to sell 30B renminbi ($5B) worth of goods today in celebration of "Singles Day" in China, which the online giant has managed to turn into by far the world's largest e-commerce discount event, even surpassing Cyber Monday in the U.S.
- Major foreign multinationals have also been participating in the celebration - or lamentation - of "singlehood" by offering notable online bargains, including Nike (NKE), Adidas (ADDDF), Procter & Gamble (PG), Unilever (UL) and Samsung (SSNLF, SSNGY).
- And why is it called singles day? Because November 11, or 11/11, has four 1s, or singles.
Thursday, Nov 711:08 AMAdidas just made Nike look that much better
Thursday, Nov 711:08 AM| 1 Comment
- The lackluster Q3 report from Adidas (ADDYY) may say just as much about Nike than the reporting company.
- While Nike (NKE -0.7%) grew sales briskly in the U.S. and Europe, Adidas saw sales fall by more than 5% in both regions.
- Retail analyst Rahul Sharma says Nike has a growing edge on innovation and styling over its German rival.
Thursday, Nov 73:59 AMAdidas net profit, sales fall, but sees momentum returning
Thursday, Nov 73:59 AM| Comment!
- Adidas' (ADDDF) Q3 net profit dropped 8.1% to €316M, in line.
- Sales tumbled 7% to €3.88B, also as expected.
- Operating profit dropped 6% to €463M, slightly below forecasts.
- Adidas' earnings were hurt by currency swings, "unexpected short-term distribution constraints" in Russia and the CIS, and poor sales of golf products.
- Q3 also faced tough comparisons with last year, when the Olympics and European soccer championships took place.
- Adidas reiterated that it expects sales to rise by a low single-digit rate in 2013 and that it predicts an operating margin of approximately 8.5%.
- Adidas CEO Herbert Hainer believes that momentum at the sportswear company will return in Q4 and beyond, especially with the FIFA World Cup set to take place in the summer of next year. (PR)
Wednesday, Nov 62:25 PMRetail check: Amid troubling trends activewear could surprise
Wednesday, Nov 62:25 PM| Comment!
- A new survey from Adobe Systems indicates the shorter period between Thanksgiving and Christmas could cost U.S. retailers $1.5B in lost revenue.
- Though the calendar effect is dramatic this year, the convenient excuse which is likely to crop up in Q4 earnings calls masks some structural changes in retail.
- What to watch: Mall traffic is down and promotional activity is higher as e-commerce accounts for a bigger chunk of total retail sales. With teenagers preoccupied with electronics instead of fashion, analysts think activewear could be the hot holiday category.
- Related stocks: Nike (NKE -0.7%), Under Armour (UA -1.6%), Lululemon (LULU +0.7%), Athleta (GPS), Adidas (ADDYY), Gildan Activewear (GSX +8.6%).
Wednesday, Oct 161:41 PMAdidas joins the smartwatch party
Wednesday, Oct 161:41 PM| Comment!
- A day after Nike unveiled its FuelBand SE smart bracelet, Adidas (ADDYY.PK -0.6%) unveils a smartwatch of its own. Priced at a loftier-than-rivals $399, the device will offer built-in GPS tracking, Bluetooth connectivity, and pulse-based heart rate tracking.
- Unlike its competitors, Adidas' offering is a standalone device with its own flash storage for music and will lack smartphone integration, reports The Verge.
Thursday, Oct 101:54 PMDespite recent stumbles, Adidas expects to hit 2015 targets
Thursday, Oct 101:54 PM| Comment!
- Adidas (ADDYY.PK) remains confident it will meet its 2015 financial targets, according to CEO Herbert Hainer.
- The strategic plan known as "Route 2015" includes reaping sales of $23B and an operating margin of 11%.
- The company appears to be banking on a big sales bonanza related to the 2014 World Cup.
Wednesday, Oct 29:28 AMRetail watch: Winners and losers in China
Wednesday, Oct 29:28 AM| Comment!
- Consumers in China are shifting their preferences to lifestyle brands, according to Credit Suisse.
- The trend is sparked by the younger generation which is eager to wear different styles than their parents.
- Luxury brands such as Louis Vuitton (LVMHF.PK) and Dunhill could suffer as the lifestyle brands gain relevance and the high-end premium trims.
- Tapped for success in China: Adidas (ADDYY.PK), Lululemon (LULU), Ralph Lauren (RL), Wolverine Worldwide (WWW), VF Corporation (VFC).
Friday, Sep 207:16 AMAdidas trades lower after profit warning
Friday, Sep 207:16 AM| Comment!
- Shares of Adidas (ADDYY.PK) fell 4.5% in Frankfurt trading after the company issued a warning on profit.
- Weak emerging markets currencies and a slowdown for golf-related sales are hurting the retailer.
- Adidas investors were warned they should expect a dividend payout of $1.15B for 2013, down from $1.2B last year.
Monday, Jul 88:46 AM
Friday, Jul 58:42 AMBeyond the match: If tennis star Andy Murray is able to become the first Brit to win Wimbledon in 77 years, sponsors Adidas (ADDYY.PK) and Swatch (SWGAY.PK) could get a nice PR boost. Murray's quest isn't your garden-variety sporting event in the U.K. with passions running high and has put the two companies on center court with Murray into the view of hundreds of millions. |Friday, Jul 58:42 AM| 2 Comments
Tuesday, Jun 189:16 AMAdidas (ADDYY.PK) thinks sales of soccer-related products will rise to €2B ($2.7B) next year as the World Cup in Brazil drives demand. Nike (NKE) also is betting heavily on the global event - including a sponsorship of the popular national team from the host country. Sales of soccer apparel/gear is expected to be high enough in 2014 to also move the needle for Dick's Sporting Goods (DKS). |Tuesday, Jun 189:16 AM| Comment!
Tuesday, May 148:17 AMPuma (PMMAF.PK) warns sales could fall 1% to 5% in 2013 after the retailer saw Q1 come in below expectations. The company says it will make a clean break from the strategy of its former CEO of 18 years as a focus on fashionable lifestyle products sputtered in Europe and China. Analysts don't think the weakness at Puma is a stark warning sign for Nike (NKE) or Adidas (ADDYY.PK). |Tuesday, May 148:17 AM| Comment!
Thursday, Mar 289:57 AMAthletic apparel sales are hanging tough despite a downward blip in last week's report on retail sales, according to Hedgeye. The key point is that pricing indicators don't show a big ramp in promotional activity in the sector. Winners and losers: Nike (NKE +0.3%) is as dominant as ever while Adidas (ADDYY.PK) and Reebok continue to work on a turnaround. Meanwhile, Under Armour (UA +0.8%) is making slow and steady forward progress. |Thursday, Mar 289:57 AM| Comment!
Thursday, Mar 1411:27 AMThe game behind the game: Garish uniforms will be one of the topics of conversation during the NCAA basketball tournament this month as Adidas (ADDYY.PK), Nike (NKE -0.1%), and Under Armour (UA +1.3%) keep upping the ante in the bid to catch the most attention with uniform design. Soon-to-be unveiled uniforms created by Adidas will include loud-neon prints and camouflage shorts. The end game for the retailers is to see if a new must-have category can be opened up. |Thursday, Mar 1411:27 AM| 1 Comment
Thursday, Mar 77:01 AMAdidas (ADDYY.PK) says it lost €273 ($356M) as its Reebok brand dragged down results. A large impairment charge the company took is tied to new growth assumptions for Reebok in North America, Latin America and Brazil. Sales rose 4% Y/Y to $3.37B ($4.39M) during the period with Europe still sputtering. An improved forecast for 2013 by Adidas for mid-single-digit sales growth and margin improvement could bode well for rival Nike (NKE). |Thursday, Mar 77:01 AM| Comment!