Nike CEO Expects Football Sales to Keep Soaring

Nike football kit for the Dutch national team | Source: Nike

BERLIN, Germany — U.S. sportswear maker Nike Inc, battling Adidas AG to be the world's biggest soccer brand, expects kit sales to keep growing fast after the World Cup, its chief executive was quoted as saying in a German newspaper.

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Adidas Profit Misses Estimates, Shares Have Fallen 17% This Year

Adidas store | Source: Reuters

HERZOGENAURACH, Germany — Adidas AG reported first-quarter profit that missed analysts’ estimates as the world’s second- biggest sporting-goods maker suffers from the relative strength of the euro and a drop in revenue at its golf unit.

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Adidas to Move Some Output From Strike-Disrupted China Factory

Workers outside Yue Yuen Industrial in Dongguan, China | Source: Reuters

HONG KONG, China — Adidas AG is moving some production away from Yue Yuen Industrial Holdings Ltd.’s shoe factory in Dongguan, China, where a strike over benefits and pay disrupted output for a ninth day.

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