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Tag: Adidas

Adidas: Rorsted steps down as CEO in 2023 – Shares down more than 3%

Adidas: Rorsted steps down as CEO in 2023 – Shares down more than 3% Adidas: Rorsted steps down as CEO in 2023 – Shares down more than 3%

German sportswear company Adidas said on Monday that its chief executive Kasper Rorsted will step down next year before his contract expires and that it has begun looking for a successor. “After three difficult years marked by the financial consequences of the pandemic and geopolitical tensions, now is the right time to initiate the transition […]

Adidas: Sales down, negative earnings warning announced

Adidas: Sales down, negative earnings warning announced Adidas: Sales down, negative earnings warning announced

Adidas AG issued a profit warning after sales were hit by the lockdown and consumer boycott in China, offsetting strong momentum in its key Western markets. The German sportswear company said that while second-quarter results were “somewhat higher than expected” with strong growth in Western markets, the recovery in wider China was slower than expected. […]

Adidas: What did it cost and what does the return to Ermou bring for the Greek sports market?

Adidas: What did it cost and what does the return to Ermou bring for the Greek sports market? Adidas: Rorsted steps down as CEO in 2023 – Shares down more than 3%

By Giorgos Lampiris To take advantage of the vacuum that has essentially been created in the last period of time in the market, especially after the change of the baton to the other big player in sports goods, Nike and the transition from the Folli Follie era to the Antonio Percassi group, Adidas seeks, which […]

Adidas: Downgrades revenue and net profit estimates for 2022 (upd)

Adidas: Downgrades revenue and net profit estimates for 2022 (upd) Adidas: Sales down, negative earnings warning announced

LAST UPDATE 09:49 It downgraded Adidas’s 2022 revenue and net profit estimates as new restrictions in China continued to hit the German sportswear company. The company now expects sales to reach the lowest range of estimates for an increase of 11% -13%, while net profits from continuing operations are expected between 1.8-1.9 billion euros. Adidas […]

Adidas: Small drop in sales in the fourth quarter (upd)

Adidas: Small drop in sales in the fourth quarter (upd) Adidas: Sales down, negative earnings warning announced

LAST UPDATE 10:49 Adidas AG announced today that it is confident of a return to revenue growth in China in 2022 despite further declining sales in this important market in the last quarter of 2022. Total sales of the German sportswear company fell slightly in the fourth quarter to 5.14 billion euros, as double-digit growth […]

Adidas: Closes its stores in Russia and e-commerce activities

Adidas: Closes its stores in Russia and e-commerce activities Adidas: Closes its stores in Russia and e-commerce activities

Adidas AG temporarily closes stores and e-commerce activities in Russia, and is added to the list of companies leaving the country after the invasion of Ukraine and Western sanctions. The German sportswear company has decided to suspend operations in its stores in Russia and e-commerce channels until recently, it announced on its Linkedin page. Adidas […]

ELTA closes new agreements with large groups

ELTA closes new agreements with large groups ELTA closes new agreements with large groups

Hellenic Post closes new agreements with large groups, both for the delivery of parcels to customers and for the sending of correspondence and invoices. The agreement for the distribution of Amazon parcels was followed by other companies, most recently Adidas and H&M, which have come directly or through their European distributors to an agreement for […]

Commemorative Adidas Xbox Series X sneakers for $ 140

Commemorative Adidas Xbox Series X sneakers for $ 140 Commemorative Adidas Xbox Series X sneakers for $ 140

In October this year, Microsoft and Adidas began celebrating the 20th anniversary of the Xbox brand with a commemorative sneaker. The first sneakers based on the Forum Tech model went to a group of happy fans. Then, in November, the Forum Mid-based sneakers were released and were available in the US and Canada. The third […]

Adidas: Cuts down estimates for sales and profits in 2021

Adidas: Cuts down estimates for sales and profits in 2021 Adidas: Cuts down estimates for sales and profits in 2021

German sportswear company Adidas cut overall sales and profit estimates for the year, citing supply problems and a harsh market environment in China, as quarterly results were lower than expected. Adidas announced sales in the third quarter, up 3% year-on-year to € 5.752 billion, while operating profit fell 8.5% to € 672 million, compared with […]

Sneakers, the 15 most original, bizarre and collectible models of the moment

Sneakers, the 15 most original, bizarre and collectible models of the moment Sneakers, the 15 most original, bizarre and collectible models of the moment

Once they were used to do ginnastica o footing, wearing them was synonymous with trend towards sloppiness and for sure we never imagined that the day would come when we could wear them everywhere, even in the office at even a wedding, it would not only be considered acceptable but even cool. But here we […]