Adidas, Kanye West reach settlement two years after brand ended partnership with rapper
The sale of parts of the remaining Yeezy inventory generated revenue of around $215 million in the quarter - well below last year.
Adidas reaches out-of-court settlement with rapper Ye
Adidas has reached an out-of-court settlement with rapper Ye to end all legal proceedings between them, the sportswear brand said on Tuesday, adding that no money changed hands in the agreement.
Yeezy nightmare causes Adidas' online revenues to fall
Adidas AG's Yeezy (aka publicly exiled US rapper Kanye West) troubles led to a 3% year-on-year decline in e-commerce revenue for the third quarter. While the sale of remaining Yeezy inventory generated approximately €200 million in revenue, this was notably lower than the €350 million reported in the third quarter of last year.
Top Adidas shareholder cuts stake to 3.51%
Top Adidas shareholder Groupe Bruxelles Lambert has cut its stake in the German sportswear company to 3.51%, Adidas announced in a filing on Tuesday.
Adidas reports rise in China sales in third quarter
Adidas on Tuesday said it saw strong underlying growth in Greater China in the third quarter, while sales in North America excluding the Yeezy collection were up on the year on increasing brand momentum.
Adidas global sales exec to step down from board at end of October
Adidas' board member for global sales, Arthur Hoeld, will step down from the German sportswear company's executive board at the end of October, it said in a statement on Friday.
5 Shoes & Retail Apparel Stocks in Focus Amid Industry Struggles
Rising costs from commodity inflation and ongoing reinvestments impact the Shoes & Retail Apparel industry. Companies like ADDYY, BIRK, SHOO, CRI and WWW are expected to benefit from product innovation, strong consumer demand and digital investments.
‘The brand heat is undeniable.' What analysts are saying about the latest beat-and-raise at Adidas
Analysts drew contrasts with Nike's struggling performance after Adidas reported another beat-and-raise quarter.
As Nike struggles, Adidas must surf Samba wave with caution
Nike's ongoing struggles are giving Adidas a chance to keep taking market share from its larger U.S. rival, but the German brand will have to work harder to keep shoppers interested in its key Samba and Gazelle terrace sneakers.
New Strong Buy Stocks for October 3rd
CCL, TMDX, CBU, RWEOY and ADDYY have been added to the Zacks Rank #1 (Strong Buy) List on October 3, 2024.
Nike numbers pose opportunities and risks rivals like Adidas and partners like JD Sports
Nike's latest results have positive implications for Adidas and Puma, but raise concerns for JD Sports Fashion PLC (LSE:JD.), according to analysts.
Are Consumer Discretionary Stocks Lagging Adidas (ADDYY) This Year?
Here is how Adidas AG (ADDYY) and SharkNinja, Inc. (SN) have performed compared to their sector so far this year.
