ADDDF - adidas AG

Other OTC - Other OTC Delayed price. Currency in USD
275.50
+6.05 (+2.25%)
At close: 3:09PM EDT
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Previous close269.45
Open272.00
Bid0.00 x 0
Ask0.00 x 0
Day's range271.00 - 276.00
52-week range172.25 - 357.00
Volume423
Avg. volume2,730
Market cap51.835B
Beta (5Y monthly)0.88
PE ratio (TTM)30.93
EPS (TTM)8.91
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend date10 May 2019
1y target est275.00
  • Adidas HR head steps down after race row
    Reuters

    Adidas HR head steps down after race row

    The head of human resources at Adidas has stepped down after a group of employees called for an investigation over her handling of racism at the company which she had described last year as "noise" only discussed in America. The German sportswear company said that Karen Parkin was leaving the company after 23 years in mutual agreement with the supervisory board effective June 30, with Chief Executive Kasper Rorsted taking over her role on an interim basis. "It has become clear to me that to unify the organisation it would be better for me to retire and pave the way for change," Parkin, 55, said in a statement.

  • Adidas human resources head steps down after race row
    Reuters

    Adidas human resources head steps down after race row

    The head of human resources at Adidas <ADSGn.DE> has stepped down after a group of employees called for an investigation over her handling of racism at the company, which she had described last year as "noise" only discussed in America. The German sportswear company said Karen Parkin was leaving Adidas after 23 years in mutual agreement with the supervisory board, effective June 30. Chief Executive Kasper Rorsted is taking over her role on an interim basis.

  • Gap (GPS) Signs Kayne West to Boost Brand Image, Stock Up
    Zacks

    Gap (GPS) Signs Kayne West to Boost Brand Image, Stock Up

    Gap (GPS) joins hands with Kayne West to revive its lost sheen. Per the deal, the company will launch the YEEZY clothing line in 2021.

  • Bloomberg

    Gap Soars Most on Record After Kanye Deal Brings Cool Factor

    (Bloomberg) -- Kanye West is going to make Gap cool again. At least, that’s what investors hope.The struggling apparel company’s shares soared the most in at least 40 years after it revealed a partnership agreement with the head-turning rapper and designer. West, whose sneaker line with Adidas AG routinely sells out, will work with Gap Inc. on a new line of apparel for men, women and kids called Yeezy Gap, the company said Friday.The deal is a multiyear partnership, according to a Yeezy spokesperson. West has been traveling to Gap’s San Francisco headquarters from his ranch in Wyoming to work on the line, which is still in its design phase, the spokesperson said. The line, which won’t include footwear, is expected to debut in stores and online next year.The move may give Gap some much-needed life as it struggles with changing consumer tastes and a turnaround effort that has been stymied by the coronavirus pandemic. Hitching itself to the sometimes-controversial artist could help Gap reinvigorate the brand, said BMO Capital Markets analyst Simeon Siegel.“At the heart of it, the task of a brand is to figure out how to balance exclusivity and distribution,” he said. Gap has struggled with that, but if West can elevate the brand while taking advantage of the company’s broad reach, “that then allows Gap to sell a lot clothing.”Gap shares surged as much as 42% in New York trading on Friday, the biggest intraday gain in Bloomberg data back to 1980, before paring gains to 19% at 3:30 p.m. The stock had fallen 43% this year through yesterday’s close.Multiyear PartnershipThe arrangement will expose West’s upscale brand to a broader market while letting Gap capitalize on Yeezy’s recent growth. Mark Breitbard, global head of the Gap brand, said in the statement that the new line would build on “the aesthetic and success” of the Yeezy brand.West, who worked at a Gap store as a teenager in Chicago, will also have input on presentation in stores and the e-commerce website.“What will be interesting is how the range is displayed and marketed, both online and in stores,” said Neil Saunders, an analyst with GlobalData Retail. “Gap doesn’t have much flair when it comes to merchandising and is very, very centrally controlled.”West’s compensation will be tied to sales and his business will earn royalties and potential equity under the terms of the deal. And Gap is setting some lofty financial targets.‘Big Things’The company issued warrants for up to 8.5 million shares that would fully vest if the line achieves $700 million in net sales during the fiscal year, according to a regulatory filing. Gap had $16.4 billion in net revenue last year.“They are expecting big things out of this deal,” Siegel said of the targets.Gap could use a lift as it grapples with a difficult turnaround effort. In January, it called off a plan to separate its Old Navy brand from the rest of the business. Last quarter, net sales fell 50% as it struggled to cope with prolonged store closures due to the pandemic. Even before Covid-19, the company was struggling to attract shoppers, especially to its namesake brand.Chief Executive Officer Sonia Syngal took over the company in March -- just as much of the U.S. went into lockdown due to the coronavirus. She arrived with a transformation plan in place, but the pandemic has upended the situation.Syngal, who previously led the company’s Old Navy chain, said Gap is renegotiating its rent agreements and in the meantime is paying “what we consider fair rent.” A number of the company’s landlords are challenging this in court.Rapid GrowthThe new partnership comes amid rapid growth for West’s brand. Last year, Bank of America Corp. valued the sneaker side of the Yeezy’s business alone at as much as $3 billion, Bloomberg has reported. The shoes are made and distributed by Adidas, while West retains creative control and sole ownership of his brand.Yeezy’s agreement with Adidas is in place through 2026. The brand was on track to generate $1.3 billion of shoe revenue in 2019, a 50% increase from a year earlier, according to Bank of America.Gap is betting that the success he had with footwear can translate to mass-market apparel.The deal is “the right move to draw a younger shopper, rebuild lost connections and get people to look at the brand again,” Bloomberg Intelligence analyst Poonam Goyal said. “They still will need to do more to drive a full recovery and be a retailer of the future but this is a promising first step.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Nike swings to a quarterly loss as coronavirus store closures dent results
    Yahoo Finance

    Nike swings to a quarterly loss as coronavirus store closures dent results

    Nike reported fiscal 4Q results after market close Thursday.

  • 'A scary number' of retail companies are facing bankruptcy amid the coronavirus pandemic
    Yahoo Finance

    'A scary number' of retail companies are facing bankruptcy amid the coronavirus pandemic

    The retail sector in America continues to fall apart.

  • Facebook Ad Boycott Is a Worthy Use of Brand Power
    Bloomberg

    Facebook Ad Boycott Is a Worthy Use of Brand Power

    (Bloomberg Opinion) -- When it comes to responding to the current reckoning on racial injustice, a trio of outdoorsy retailers are blazing a trail their industry peers should follow. Patagonia, REI and VF Corp.’s North Face have in recent days committed to temporarily yanking advertising from Facebook and Instagram as part of a campaign to pressure the Silicon Valley social-media titan to do more to curb hate speech and language promoting violence on its platform. A coalition of civil rights groups, including the NAACP and the Anti-Defamation League, are behind the effort, which aims to get businesses to pause their spending on Facebook ads for the month of July. If companies are serious about finding ways to champion the Black Lives Matter movement, then surely they know earnest tweets and carefully-worded corporate statements are not enough. Flexing their corporate muscle to give Facebook a much-needed nudge, though, takes things a step further.  After recent events, Facebook has said it is actively considering revising a number of its policies and products, including reviewing how it handles content that violates or partially violates its rules. To this point, though, moral overtures from lawmakers and activists haven’t dramatically changed the compass by which Facebook navigates these issues, even though staying its course, at this point, is itself something of a political act. But maybe it would feel more urgency to change if the pressure were financial, not philosophical.   Plus, I like that this particular approach to supporting the Black Lives Matter movement encourages consumer companies to take an action that would be felt outside the walls of their own corporate headquarters. One of the more common ways of responding to the recent social unrest is for companies to make new commitments around diversifying their workforces, with the likes of PepsiCo Inc., Gap Inc. and Adidas AG among the companies that have done so. This is absolutely the right thing to do; maybe making such overhauls earlier would have led Pepsi to dump the obviously offensive Aunt Jemima brand long before last week. With a campaign of financial pressure on Facebook, corporate participants are extending their influence outside in a push for key business partners to embrace the same values. In that way, this effort has something in common with the 15 Percent Pledge, a nascent effort to get retailers to commit to ensuring that 15% of products on their shelves come from Black-owned businesses. This, too, has the potential to catalyze small changes all throughout the consumer goods supply chain. Sephora and Rent The Runway have gotten on board with this initiative, and I’d urge other big names to do the same. I suppose consumer brands might resist a temporary flight from Facebook because they believe that, whatever the politics of the moment, it is irresponsible not to do everything they can to win customers’ dollars right now after Covid-19-related closures have just dealt their revenues a devastating blow. However, they should instead think of a Facebook ad hiatus as a way of being on the right side of history while conserving a bit of cash. If that is not impetus enough, consumer giants should keep in mind that public opinion has shifted dramatically in recent weeks toward supporting the Black Lives Matter movement. That suggests most brands aren’t taking a major reputational risk by asking Facebook to do more. Of course, there are reasons to be skeptical that briefly keeping ad dollars away from Facebook will have much impact. With Facebook’s $71 billion in revenue last year, it would take big names and big numbers for this campaign to have even a tiny impact on the social media company’s income statement. And history doesn’t offer many good analogies to evaluate whether or not something like this might work. Still, it’s worthwhile for big consumer brands to try. Cleaning up Facebook would go a long way toward extinguishing hate speech and racist rhetoric in America, and big advertisers have unique leverage to try to make it happen. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Sarah Halzack is a Bloomberg Opinion columnist covering the consumer and retail industries. She was previously a national retail reporter for the Washington Post.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Macy's may not exist in the future: former Sears exec
    Yahoo Finance

    Macy's may not exist in the future: former Sears exec

    One former retail CEO weighs in on the future of Macy's.

  • Jordan documentary 'The Last Dance' sparks interest in retro Jordans: Cowen Equity
    Yahoo Finance

    Jordan documentary 'The Last Dance' sparks interest in retro Jordans: Cowen Equity

    One of Nike’s (NKE) surprise victories this spring was increased interest in the brand sparked by the ESPN documentary “The Last Dance,” about Michael Jordan and the Chicago Bulls 1997-1998 championship season, according to a recent note by Cowen Equity Research.

  • Reebok ends its CrossFit sponsorship over CrossFit CEO's tweet about George Floyd
    Yahoo Finance

    Reebok ends its CrossFit sponsorship over CrossFit CEO's tweet about George Floyd

    After the CrossFit CEO's tweet referencing George Floyd, Reebok, which has been the exclusive apparel sponsor of the CrossFit Games since 2011, ended its sponsorship early.

  • CrossFit chief sorry for tweet on Floyd killing after Reebok split
    Reuters

    CrossFit chief sorry for tweet on Floyd killing after Reebok split

    In response to a tweet by research firm Institute for Health Metrics and Evaluation that classified racism and discrimination as public health issue, Glassman, who is also the chief executive of CrossFit, had posted https://bit.ly/3f2yNb2 on Saturday, "It's FLOYD-19". The tweet related to the police killing of an unarmed black man, George Floyd, in the U.S. state of Minneapolis on May 25 and was seen as insensitive.

  • 3 big reasons retail brands die in America
    Yahoo Finance

    3 big reasons retail brands die in America

    Yahoo Finance looks at why once proud retail chains such as J.C. Penney have gone bankrupt.

  • Adidas says China sales back to growth faster than expected
    Reuters

    Adidas says China sales back to growth faster than expected

    German sportswear firm Adidas <ADSGn.DE> said on Thursday that sales had returned to growth in greater China faster than it had expected after the coronavirus lockdown, while the reopening of business in Europe and the Americas was going more gradually. Adidas stuck by guidance it gave in April for at least a 40% fall in second-quarter sales and a drop in operating profit of more than 100 million euros (89.50 million pounds)and said it would give more details with results due on Aug. 6. Jefferies analyst James Grzinic said the news that China was rebounding ahead of the company's expectations meant that the group's second-quarter sales decline would be close to the 40% mark, rather than a bigger drop he had previously expected.

  • Nike is setting the tone for sports brands in its response to the George Floyd protests
    Yahoo Finance

    Nike is setting the tone for sports brands in its response to the George Floyd protests

    Nike was the first to speak out among big sports apparel brands, which is in keeping with the brand’s advocacy for social justice reform over the past few years.

  • Could Adidas Be a Millionaire Maker Stock?
    Motley Fool

    Could Adidas Be a Millionaire Maker Stock?

    The likelihood of tremendous year-over-year stock gains has been reduced. It would take a fairly large initial investment in adidas stock to realistically expect gains to reach a million dollars in a reasonable amount of time (say 10-15 years). Last year was the slowest for earnings growth, with a 12.3% increase in net income to 1.92 billion euros.

  • Bear of the Day: Dick's Sporting Goods (DKS)
    Zacks

    Bear of the Day: Dick's Sporting Goods (DKS)

    Bear of the Day: Dick's Sporting Goods (DKS)

  • New Strong Sell Stocks for May 1st
    Zacks

    New Strong Sell Stocks for May 1st

    Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today

  • Adidas' Profits Cratered in the First Quarter, and Q2 Could Be Even Worse
    Motley Fool

    Adidas' Profits Cratered in the First Quarter, and Q2 Could Be Even Worse

    The company is seeing recovery in some key markets, but its next quarterly report will likely bring a steep sales decline and an operating loss.

  • What to Watch: Admiral slashes dividend, stocks rise, Deutsche Bank and Adidas
    Yahoo Finance UK

    What to Watch: Admiral slashes dividend, stocks rise, Deutsche Bank and Adidas

    A daily overview of the top business, market, and economic stories to watch in the UK, Europe, and abroad.

  • Coronavirus shutdowns slash Adidas net profit by 95% in first quarter
    Yahoo Finance UK

    Coronavirus shutdowns slash Adidas net profit by 95% in first quarter

    Adidas said 70% of its stores are currently closed due to COVID-19 pandemic.

  • Adidas says worse to come as profits and sales plunge
    Reuters

    Adidas says worse to come as profits and sales plunge

    Adidas warned of an even bigger hit to second-quarter sales and profits from coronavirus lockdowns, after the German sportswear firm reported first-quarter earnings were almost wiped out and said it had not yet seen a full rebound in China. Adidas said 60% of its business was currently at a standstill, with more than 70% of its stores closed worldwide and all big sporting events - including the Tokyo Olympics and Euro soccer tournament - postponed or cancelled. E-commerce sales, which last year represented 13% of the total, are growing fast, particularly in China, but are not enough to compensate for the loss of in-store sales.

  • Adidas plans a multi-billion bond to replace state loan - Manager Magazine
    Reuters

    Adidas plans a multi-billion bond to replace state loan - Manager Magazine

    German sportswear firm Adidas <ADSGn.DE> plans a multi-billion euro bond so that it no longer needs the state-backed loan it agreed to take earlier this month to help it get through the coronavirus crisis, Manager Magazine reported on Thursday. Adidas declined to comment. Without citing its sources, the magazine said Adidas first had to get a credit rating from a large ratings agency.

  • Nike is poised to weather coronavirus far better than Adidas and Under Armour
    Yahoo Finance

    Nike is poised to weather coronavirus far better than Adidas and Under Armour

    Even as coronavirus has shut down the sports world and most retail chains, Nike is having a good week, while Adidas and UA are struggling.

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