adidas AG engages in design, distribution, and marketing of athletic and sporting lifestyle products. It operates through the following segments: Europe, North America, Asia-Pacific, Latin America, Emerging Markets, Russia/CIS, adidas Golf, Runtastic, and Other Businesses. The adidas Golf segment distribute and sell Adidas golf brand products. The Runtastic segment provides ecosystem for tracking and managing health and fitness data. The Other Businesses segment consists activities of the Y-3 label. The company was founded by Adolf Dassler in 1920 and is headquartered in Herzogenaurach, Germany.
adidas AG ETR:ADS
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Fashion retail is on the rise again, judging by the financial results of major players in this sector. Earlier this year, the pandemic created havoc in this industry as lockdown measures forced stores to close. However, the fact that people couldn’t shop in stores actually accelerated the shift towards e-commerce and online shopping. According to the U.S. Census Bureau of the Department of Commerce, the country’s retail sales grew by nearly...
A Berlin-based Venture Capital Fund, BITKRAFT Ventures has announced the closing of a new $165 Million venture fund that will be used for Seed and Series A investments in various companies related to the Game Studios, Interactive Platforms and Immersive Technologies. BITKRAFT Ventures is founded by former ESL CEO and G2 Esports chairman Jens Hilgers. The new fund’s investor list consists of many renowned names. Under corporate investor cate...
Shares of Adidas AG (ETR: ADS) soared 4% today to hit a 2-month high after the sportswear giant said it expects a rebound in profits in the third quarter. For the second quarter, Adidas reported a big downturn in sales amid the pandemic and lockdown. Fundamental analysis: Sales slump Adidas posted a second-quarter operating loss of 333 million euros, failing to meet market expectations of 290 million. A wider-than-expected loss came after the fir...
Adidas (ETR: ADS) said on Monday that its profit in the first quarter came out 93% lower. The German sportswear manufacturer also reported a 19% decline in its quarterly sales as the Coronavirus pandemic pushed retailers into temporarily shutting down stores in Q1. In the second quarter, the company added, the COVID-19 driven hit to its revenue will be even more prominent. At £56.72 million, Adidas reported a significantly lower profit in t...
Germany has extended the shutdown to April 20, Merkel’s chief of staff Helge Braun told local newspapers. The latest numbers from Germany show an increase of nearly 6,300 infections in the last 24 hours, in addition to 55 deaths. “We are not talking about any easing before April 20,” said Braun. The shutdown, aimed at limiting the spread of the virus means that schools, shops, restaurants, playgrounds and sports facilities are all closed. “In Ger...
The list of businesses suspending operations to combat the fast spread of Coronavirus continues to expand daily. In its recent announcement on Tuesday, H&M (STO:HM-B) said it plans on closing all of its stores in both the primary markets; Germany and the U.S. In terms of sales, Germany marks the largest market for H&M where the Swedish multinational clothing-retail company currently has 460 stores. Standing at number two is the United Sta...
According to Wednesday’s statement, German sportswear manufacturers Puma (ETR: PUM) and Adidas (ETR: ADS) anticipate a significant hit to sales in China ascribed to the rapidly spreading Coronavirus. The manufacturers appreciated that the early signs of improvement have started to show in China, however, the impact, as per the companies, is now switched to other markets. Puma and Adidas were reported challenged in the stock market in the pa...
When push meets shove, that’s for individual investors to decide An Ethical by any other name Ethical investment is big business. How big, we’ll take a look at shortly. But for sure it’s an important consideration for publicly listed companies these years. The acquisition of ‘ethical’ status opens up the company to a wider range of prospective shareholders, from institutional to private retail, giving it more robust fund-raising options going for...