Adidas has barred German fans from customizing soccer jerseys with the number 44 after concerns that the figures resembled the World War II-era Nazi SS symbol.The German Football Association’s font used on the customizable jerseys on Adidas’ website makes the digit “44” look like the two lightning bolt-like designs featured in the flag of the Schutzstaffel, more commonly known as the SS — the major paramilitary organization under Adolf Hitler.German historian Michael König drew attention to the shirt’s dubi ...

ilbusca Overview My recommendation for adidas (OTCQX:ADDYY) is a buy rating, as I have gained a lot of confidence in the current management's ability to execute and deliver. Although regional performance on a headline basis seems poor, my view is that they are actually showing very strong signs of improvement that should start to be more apparent in the coming quarters. With growth recovering and a clear path to EBITDA margin expansion, valuation should continue to see support at 18.5x forward EBITDA. Note ...

Adidas posted its first annual loss in more than three decades on Wednesday, and warned that US sales will drop this year as the German sportswear giant continues selling off its remaining Yeezy inventory.For 2023, Adidas posted a $63.4 million net loss, its first since 1992, MSN earlier reported. In 2024, currency-neutral sales in North America are expected to decline to a mid-single-digit rate, around 5%, over “macroeconomic challenges and geopolitical tensions,” the company said in its earnings outlook.A ...

Adidas AG (OTCQX:ADDYY) shares fell sharply after the sportswear group reported its first annual loss since 1992. The German giant posted a full-year net loss of €58 million as revenues declined 5% to €21.4 billion, though were flat on a currency-neutral basis.  Loss of sales from the cancelled Yeezy partnership with Kanye West hit revenues. In the final quarter of 2023, footwear sales grew by 8% while apparel sales fell by 13%, leaving currency natural sales down 2%. However, Adidas expects an improvement ...

Adidas on Wednesday warned of a sales decline in its overstocked North American market in 2024, as the German sportswear brand continues to sell off its remaining Yeezy inventory.Currency-neutral sales in North America are expected to decline to a mid-single-digit rate in 2024, but are projected to notch mid-single-digit growth worldwide despite persistent "macroeconomic challenges and geopolitical tensions," the company said.Adidas confirmed its 2023 operating profit came in at 268 million euros ($292.9 mi ...

AI has become a buzzy topic recently across many industries, but it’s been used by sneakerheads for years in the form of “bots.” These bots help customers quickly purchase sought-after shoes that are released in limited quantities, often to resell them for a profit on the secondary market. They do this, in part, by enabling buyers to create multiple accounts and improve their chances of not only getting a pair of coveted shoes, but getting many pairs. See... Master your money. Subscribe to MarketWatch. ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

We Are/DigitalVision via Getty Images Consumer Discretionary As the magnificent seven's performance pushed the SP500 to a new all-time high, many sectors within the index are still below their all-time high. The consumer discretionary sector is still 4% below it's all-time high, while the SP500 is 6.37% above it. PRICE PERFORMANCE SECTORS (TRADINGVIEW) Consequently, the relative price to free cash flow ratio of the consumer discretionary sector compared to the SP500 was only lower than today in 2017 in ...

The Zacks Shoes and Retail Apparel industry has been dealing with hardships from elevated costs, disrupted supply chains, reduced spending trends on discretionary items and increased marketing investments. These headwinds have been the key burdens on the participating companies’ profits. Additionally, adverse currency movements threaten industry players due to their worldwide presence.However, the industry continues to witness positive demand trends on increased consumer awareness about leading a healthy li ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...