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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“10,000” Chinese Workers Join Strike at Factory Making Nike, Adidas, Reebok and New Balance

Source: Shutterstock

HONG KONG, China — Workers at a Chinese factory owned by the world's largest maker of athletic footwear are striking in a dispute over benefits.A worker said more than 10,000 employees at Yue Yuen Industrial's plant in the southern province of Guangdong joined the strike on Tuesday.

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Adidas Gives Digital Makeover to Originals Fashion Stores

Source: Reuters

BERLIN, Germany — Adidas has launched a new store blueprint for its Originals fashion brand with a Wi-Fi equipped lounge and mobile charging points, aiming to persuade younger shoppers to linger longer and spend more in its high-margin, own-run outlets.

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