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Market Mover: Adidas leaps despite warning

Thursday, November 06, 2014 - 01:07

German sportswear firm Adidas warns on 2015 growth and gross margins as it continues to battle Nike’s dominance. Markets impressed though with Europe sales and inventory reduction measures.

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Another kick her out of box warning on 2015 growth and trimming its gross margin targets in next here remember. This is a brand already struggling to keep pace with Nike. Levine said Q3 was broadly in line and that it is holding its ground in Europe the show as opened close to 40% higher. About an hour off to trade. That pretty much over Morales same level seems analysts also focusing on how well the company is doing in getting it set up a storm down inventory management. As it's cold. But the widening margin gap with the Nike remains. The sticking point has the yup all please take this morning management expects to come under heavy pressure to change its strategy to narrow that gap. So long time CEO haven't Heine. Has his work cut out for and that's a short out of course has the market guessing what out of gas manages to do differently one option of course to sell Reebok which is Baldwin in which a ball back you know I'm six. Reports during the rounds as a two billion dollar bid from Middle East investors waiting in the wings.

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Market Mover: Adidas leaps despite warning

Thursday, November 06, 2014 - 01:07