CALGARY, Alberta, July 11, 2024 (GLOBE NEWSWIRE) -- Sportsman Logistics Inc. is pleased to announce a significant milestone in its strategic expansion into the summer sports market. The company has secured the exclusive rights to distribute Adidas Pickleball and Padel racquets, bags, and accessories in Alberta. This partnership, in collaboration with The District, who hold the rights to Adidas Pickleball and Padel in Canada, marks a pivotal step in Sportsman Logistics' mission to empower local retailers wit ...

Industry Overview - The Zacks Shoes and Retail Apparel industry includes companies that design, source, and market clothing, footwear, and accessories for various demographics [2] - The industry is currently facing challenges such as elevated costs, reduced discretionary spending, and increased marketing investments, which are impacting profits [12] Consumer Demand Trends - There is a strong consumer demand for activewear and athleisure products, which is expected to continue into 2024 [15] - Companies are focusing on product innovations, active promotions, store expansion, and enhancing e-commerce capabilities to capture market share [15] Cost Headwinds - Companies are experiencing elevated costs due to commodity cost inflation, supply-chain constraints, and increased logistic costs, which are expected to hurt margins in the near term [3] - Rising SG&A costs due to marketing expenses and investments in digital operations are also a concern for industry players [3] E-Commerce Investments - E-commerce is crucial for growth in the athleisure market, with companies investing in digital channels to build customer bases [4] - Efforts to enhance delivery systems and improve in-store experiences are expected to drive traffic and transactions [4] Stock Market Performance - Stocks in the industry have collectively declined by 28%, while the Zacks Consumer Discretionary sector and the S&P 500 have risen by 2.7% and 23.7%, respectively [7] - The industry is currently trading at a forward 12-month P/E of 18.28X, compared to the S&P 500's 21.5X and the sector's 16.6X [8] Company Highlights - **Caleres**: The company is benefiting from positive consumer demand trends and strong performances from its brands, with a focus on omnichannel growth [11][22] - **Skechers**: The company is investing in e-commerce and distribution, with expected growth in sales and earnings of 10.6% and 16.9%, respectively, for 2024 [21] - **Adidas**: The company is poised to gain from strong demand and improved margins, with a projected sales growth of 5.1% for 2024 [23][33] - **Wolverine**: The company is focusing on improving efficiency and expanding its DTC business, which is expected to contribute positively to its performance [29]

With the European Cup underway, it might be worth considering how sports play a role in the broader perception of companies. Some companies, despite being relatively unknown, pour significant sums of money into marketing during major sporting events. Other stocks are directly linked to the sporting events, giving them a leg up in organic marketing and product placement. Adidas (ADDYY) Now, with the release of several redesigned retro shoes, like the Samba and Gazelle, Adidas has also successfully broken int ...

Adidas is apparently looking to bring lower-cost shoe models to the market. Reuters reported Thursday the sportswear company indicated Samba and other shoes will become more affordably priced options in the $60 to $80 range. "It's important to understand that not everyone can afford to buy a shoe for $120 or $150, but everyone wants to take part in the same trends," CEO Bjorn Gulden told investors. GET FOX BUSINESS ON THE GO BY CLICKING HERE "What we do at the top, $100 and higher, we're bringing that down. ...

| --- | |---------------------------------------------------| | | | Company Participants | | Sebastian Steffen - SVP, IR | | Bjorn Gulden - CEO | | Harm Ohlmeyer - CFO | | Conference Call Participants | | Piral Dadhania - RBC Capital Markets | | Zuzanna Pusz - UBS Edouard Aubin - Morgan Stanley | | Monique Pollard - Citigroup | | Cedric Lecasble - Stifel, Nicolaus & Company | | Aneesha Sherman - Sanford C. Bernstein & Co. | | Jurgen Kolb - Kepler Cheuvreux | | Jonathan Komp - Robert W. Baird & Co. | | Geoff ...

Key PointsAfter the market sold off on disappointing Fed announcements, some of the market's most valuable brands also became bargains.With double-digit upside ahead of them, according to analysts, investors need to add these to a watchlist soon. If the Fed does decide to cut rates in September, these names would make for a massive rally opportunity.5 stocks we like better than adidasMarkets were scared to wake up to the Federal Reserve (the Fed) pulling the rug. After pricing in the proposed interest rate ...

Adidas shoes are displayed at a DSW store on January 31, 2024 in Novato, California.Shares of Adidas jumped 6.3% on Wednesday after the company unexpectedly raised its full-year guidance and reported a year-on-year profit increase in the first quarter. The German sportswear company said that it now expects currency-neutral revenues to increase at a mid-to high-single-digit rate in full-year 2024, compared with a previous projection of growth near a mid-single-digit rate.Operating profit for the year is now ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

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 ...