The Latest Breaking News from Adidas AG

The sportswear industry is on the rise, fueled by surging fitness trends, growing demand for stylish activewear, and record-high global sports participation. As competition intensifies, companies like adidas (ADDYY), Skechers (SKX), and G-III Apparel Group (GIII) are pulling ahead of the pack. Thus, investing in these high-performance brands could be…

The chief executive officer Bjoern Gulden of Adidas AG will cut 500 roles based at its headquarters in Herzogenaurach as the company outperformed projected sales for the retro sneakers.

The sportswear industry faces inflation and inventory challenges but is poised to witness considerable long-term growth thanks to robust Gen Z’s spending amid increasing health and fitness awareness and e-commerce growth. Amid this, let’s analyze whether it would be wise to add NIKE (NKE) and adidas (ADDYY) to your portfolio…

The surge in global interest in sports and fitness activities is contributing significantly to the growth of the athletic industry. Hence, let us analyze which is the best athletic stock among Adidas (ADDYY), NIKE (NKE), and Skechers (SKX). Read more.

Will they split? Won’t they? On Tuesday, we finally got an answer to whether Kanye West and Adidas AG would go their separate ways. The sportswear giant said it was ending its almost decade-long collaboration with the musician, now officially known as Ye, after putting it under review earlier this…

Adidas AG will absorb a hit to earnings of up to €250 million ($247 million) to end its partnership with Ye following a rash of offensive behavior from the rapper and designer that turned a once-thriving shoe brand into a lightning rod for criticism.

In 2016, Kanye West's apparel brand Yeezy partnered with Adidas AG - ADR (OTCQX: ADDYY) for Adidas + Kanye West to manufacture footwear, apparel and accessories.

On Wednesday, shares of Adidas AG (OTC: ADDYY) experienced volatile short activity. After the activity, the stock price went up +1.87% to $87.57.  The overall sentiment for ADDYY has been Bearish.

Adidas AG (OTC:ADDYY) reported first-quarter FY22 sales growth of 0.6% year-on-year to €5.3 billion. Currency-neutral sales declined 3% as supply constraints reduced the top-line by €400 million. Currency-neutral sales across North America rose 13%, EMEA improved 9%, and Latin America jumped 38%. The challenging market environment and COVID-19-related lockdowns in Greater China and…