Representative Image Demand for sportswear from running shoes to joggers and yoga mats slowed down for leading firms such as Puma, Adidas, Nike, Skechers and Asics, halting their sprint since the easing of the Covid-19 pandemic when they doubled their sales in two years. Sportswear firms have reported 1-25% year-on-year increase for FY24, down from…
Jets Star’s ‘Michael Jordan Moment’ puts $42 Billion Giant deal at risk, while Davante Adams sends hilarious warning to Garrett Wilsonvia In the high-stakes arena of the NFL, pivotal moments can not only shape games but also influence a player’s future. As the New York Jets faced the Houston Texans, all eyes were on quarterback…
Representative image Adidas 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, after turning positive in the second quarter. Currency-neutral quarterly sales rose 9% to 946 million euros ($1.02 billion) in Greater China, up from…
Representative image 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. The shoes have boosted Adidas sales over the past year, and analysts expect it…
Representative image New Delhi: International brands that are moving their third-party operations to India are unlikely to reduce product prices for Indian consumers, according to Nuvama’s September report on footwear trends. Outsourcing is primarily geared toward cost efficiency in international markets rather than benefiting domestic consumers through reduced prices says the report. The report adds…
Representative Image Adidas said on Wednesday its second-quarter revenues in North America, excluding sales of the Yeezy line, rose from last year driven by growth in both wholesale and its own retail. Including Yeezy, the currency-neutral sales in North America – Adidas’ second-biggest market behind Europe – fell by 8% to 1.3 billion euros ($1.51…
NEW DELHI: The Delhi high court granted a permanent injunction against a company with a similar name to Adidas AG, a German sports and apparel company, in a trademark infringement complaint, operating in various industries, including textiles last week on Friday.Justice Sanjeev Narula’s court on July 19, ordered “ADIDAS” to pay damages amounting to Rs…
Representative Image The Delhi High Court has restrained three local firms – Adidas Weaving Mills, Adidas Textile Industries, and Adidas Merchandise – and their directors from manufacturing, trading, selling or dealing in textile goods under the ‘ADIDAS’ mark or any other marks deceptively similar to the Adidas AG’s trademark. While Adidas AG had sought damages…
Representative image German sportswear maker Adidas is increasing its full-year earnings guidance after a better than expected second quarter, it said on Tuesday, in its second upgrade this year. The success of the company’s low-rise multi-coloured Samba and Gazelle sneakers, along with weaker sales at rival Nike , had been expected to help Adidas to…
Representative image The success of Adidas‘ low-rise multi-coloured Samba and Gazelle sneakers, along with weaker sales at rival Nike, should help the German sportswear brand deliver strong second-quarter sales and its biggest profit margin in three years. Nike forecast a surprise drop in annual sales at the end of June, adding to investor worries about…
