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Adidas misses forecasts with 93% profit plunge, warns on sales

BERLIN (Reuters) – Adidas (ADSGn.DE) reported a 93% plunge in first-quarter profit and sales off 19%, missing forecasts, and warned of a deeper hit to second-quarter revenue as lockdowns forced the German sportswear maker and other retailers to close stores. F... More »

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Adidas and Beyonce to launch gender-neutral collection

BERLIN (Reuters) – Adidas will start selling a new collection designed with singer Beyonce on Jan. 18 in a relaunch of her Ivy Park brand that includes shoes, clothes and accessories, mostly in maroon, orange and cream. Adidas described the collection, which f... More »

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Zalando to deliver orders for Adidas French website

BERLIN (Reuters) – Online fashion retailer Zalando (ZALG.DE) has launched a pilot to deliver orders placed by customers in Paris on the website of Adidas (ADSGn.DE) as it extends moves to allow brands to use the logistics network it has built for its own ecomm... More »

New Adidas CEO acts to reshape Reebok, support growth

A logo of Adidas company is seen on a building in Minsk, Belarus September 29, 2016. REUTERS/Vasily Fedosenko The new boss of Adidas (ADSGn.DE) announced plans on Thursday to overhaul struggling fitness brand Reebok and keep up the focus on reviving the main A... More »