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Adidas result hit on dual fronts

Business | Light industry
2009-8-6

SPORTSWEAR company Adidas AG said yesterday that its second-quarter net profit fell 93 percent as currency effects and tough competition hit earnings. The Herzogenaurach, Germany-based company said net profit in...

Adidas sees 97% plunge in earnings

Business | Light industry
2009-5-6

GERMAN sportswear maker Adidas AG said yesterday its first quarter net profit fell 97 percent as the economic crisis crimped the company's sales, especially in North America. The Herzogenaurach-based firm said...

Adidas runs to 151% rise in profit

Business | Light industry
2009-3-5

GERMAN sportswear giant Adidas AG said yesterday its fourth quarter net profit jumped 151 percent on improved sales, a better tax rate and higher operating profits. Herzogenaurach-based Adidas, the world's second-largest...

Adidas sales surge

Business | Light industry
2008-8-25

ADIDAS AG, the world's second-largest sporting-goods maker, yesterday said the Olympic Games boosted its first-half sales in China by 60 percent. China will become adidas's second biggest market after the US by the...

Adidas sees China sales topping US$1.6b

Business | Light industry
2008-8-8

ADIDAS AG, the outfitter of China and 15 other teams at the Beijing Olympic Games, forecasts sales in the world's most populous nation will top 1 billion euros (US$1.6 billion) in two years. The company, which...

Olympics, football top news for adidas

Business | Light industry
2008-8-6

SPORTSWEAR maker adidas AG said yesterday its second-quarter net profit rose 12 percent from last year on increased demand for its products during the European 2008 football tournament and on Olympic-related merchandise. ...

Adidas Price Plunges

Business | Light industry
2008-6-27

ADIDAS AG, the world's second-largest sporting-goods maker, fell the most in more than three months in Frankfurt trading after competitor Nike Inc reported stagnant United States orders. Adidas slid as much as...

Purchase aids gains for adidas

Business | Light industry
2008-5-7

ADIDAS AG, the world's second-largest sporting-goods maker, reported a 32-percent increase in first-quarter profit yesterday after the 2006 acquisition of Reebok International Ltd helped it obtain cheaper prices from...

Adidas kicks on in shoe business

Business | Light industry
2008-3-6

ADIDAS AG, the world's second-largest sporting-goods maker, reported a 63-percent jump in fourth-quarter profit after improving buying terms and forecast stronger earnings growth as orders increase. Net income...

Yue Yuen drops on lower earnings

Business | Securities
2008-1-21

SHARES of Yue Yuen Industrial Ltd, the biggest supplier of shoes to Nike Inc and Adidas AG, have fallen the most in almost five years in Hong Kong trading after posting full-year profit that missed analysts' estimates. ...