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Adidas AG (ADSGn.DE)

ADSGn.DE on Xetra

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Latest Key Developments (Source: Significant Developments)

J C Penney CEO -"Have no great optimism we'll be able to swing overall apparel to positive (in 2017)"
Friday, 12 May 2017 10:11am EDT 

May 12 (Reuters) - J C Penney Co Inc :On conf call- pleased with Q1 performance in active apparel and dress business, these improvements bode well for the balance of 2017.On conf call- in the process of rolling out 100 new appliance showrooms this month.Focus on pricing analytics, store operations, supply chain, merchandising systems are beginning to help gross margin.Units per transaction and average unit retail were up in Q1.CFO - expect 80 basis points impact to gross margins from store closures in Q2.CFO - expect total inventory to be down atleast 5 percent at end of 2017 from 2016.CEO- will open 70 new Sephora locations in 2017, ending year wth nearly 650 locations.CEO- expanding 24 existing Sephora growing each location by nearly 50% to accommodate more products and client services.CEO- conducting several tests within our home store focus on home services programs.CEO- will offer vastly improved assortment Nike depts in 600 stores, adding women’s Adidas apparel to 400 stores by back to school.CEO- have cut 40 % of supply chain time on private-label brands.CEO- overall apparel performed worse than company's comp sales in Q1, " have no great optimism we'll be able to swing overall apparel to positive (in 2017)".Rolling out single view of inventory for stores and online.  Full Article

Adidas says several parties interested in ice hockey brand
Thursday, 11 May 2017 04:43am EDT 

May 11 (Reuters) - Adidas :CEO says has several interested parties for ice hockey brand CCM, sale still in initial stages.  Full Article

AIK Fotboll cooperation with adidas ends after 2017
Tuesday, 9 May 2017 06:26am EDT 


Adidas set to miss Russia growth target for 2017-CEO
Thursday, 4 May 2017 04:40am EDT 

May 4 (Reuters) - Adidas Ag :Adidas CEO says doesn't expect to achieve target for Russia growth in 2017 but won't impact overall forecast.Adidas CEO says decline in marketing in Q1 is just a timing issue, no plan to make cuts.Adidas CEO says very confident for medium-term outlook for China.Adidas CEO says still has a long way to go with Reebok, doesn't expect Q1 growth level for full year.Adidas CEO says following Brexit, French election but doesn't see impact on our business for now.  Full Article

Exos and Adidas extend partnership through 2021
Thursday, 20 Apr 2017 09:00am EDT 

April 20 (Reuters) - Adidas Ag :Exos and Adidas extend partnership.Adidas - Exos and Adidas announce extension of their partnership through 2021.  Full Article

Adidas CFO says Reebok 2020 growth target unchanged
Tuesday, 14 Mar 2017 06:57am EDT 

Adidas : Cfo says 2020 growth target of 7-9 percent at reebok is unchanged . Cfo says revenue quality to improve, confident that reebok will reach targets Further company coverage: [ADSGn.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Adidas CFO hopes to seal sale of golf business soon
Wednesday, 8 Mar 2017 06:22am EST 

Adidas : CFO Robin Stalker says sale of golf business not a fire sale, hope to seal deal soon Further company coverage: [ADSGn.DE] (Reporting by Frankfurt Newsroom) ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Adidas targets 2020 operating profit margin of 11 percent
Wednesday, 8 Mar 2017 04:06am EST 

Adidas : Targets operating profit margin of 11 percent by 2020 from previous aim for about 9.9 percent -presentation Further company coverage: [ADSGn.DE] (Reporting By Georgina Prodhan) ((georgina.prodhan@thomsonreuters.com;)).  Full Article

Finish Line Inc says partnered with Adidas for pureboost footwear release
Wednesday, 1 Feb 2017 01:34pm EST 

Finish Line Inc :Partnered with Adidas for PureBOOST footwear release.  Full Article

Adidas: third tranche of share buyback completed
Wednesday, 1 Feb 2017 09:03am EST 

Adidas AG : Announcement of completion of third tranche, and 13th interim announcement . The third tranche with an aggregate acquisition cost of up to 300 million euros ($322.68 million) . However in total no more than 3,000,000 treasury shares of adidas ag, to be repurchased exclusively via the stock exchange over a period of time not to extend beyond Jan. 31, 2017, was completed on Jan. 31, 2017 .Total number of the shares bought back within the framework of the third tranche of the share buyback programme in the period from November 8, 2016 up to and including Jan. 31, 2017 amounts to 2,128,200 shares.  Full Article


Global political tensions flatten yields, roil stocks

NEW YORK Simmering political tensions roiled stocks and bonds across the globe on Wednesday, with U.S. yield curves continuing to flatten and stock markets closing in the red as industrial companies took a beating. | Video