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Adidas narrows focus following golf brands sale Hannah Abdulla | 4 Oct 17

German sportswear brand Adidas is to focus on its core apparel and footwear products following the divestiture of the TaylorMade, Adams Golf and Ashworth golf hardware brands.


Adidas sells golf business in US$425m deal Michelle Russell | 11 May 17

German sportswear group Adidas has entered into a deal to sell its TaylorMade, Adams Golf, and Ashworth golf brands in a deal valued at US$425m.


Adidas looks to sell golf division amid strong Q1 Michelle Russell | 4 May 16

German sportswear group Adidas has made a strong start to its financial year with record first-quarter sales – and says it is in talks to divest parts of its golf division in a move to focus on footwear and apparel.


Adidas ups guidance but cuts 14% of golf unit jobs Michelle Russell | 5 Nov 15

German sportswear giant Adidas Group has upped its full-year guidance thanks to higher third-quarter sales, but revealed plans to cut 14% of the workforce at its struggling TaylorMade golf division in a bid to boost earnings. 


Adidas Q3 profit slides on continuing Russia weakness Michelle Russell | 6 Nov 14

German sporting giant Adidas has reported a drop in third-quarter profits and gross margin due to continuing weakness in emerging markets, but reaffirmed its guidance for the full year.


Adidas taps Nike designers for new US creative studio Leonie Barrie | 25 Sep 14

Sportswear firm Adidas is planning to open a new creative studio in New York City next year and has hired three "world class" designers from Nike to drive the brand's direction.


GERMANY: Adidas defends position despite investor unrest Michelle Russell | 16 Sep 14

Adidas has moved to defend its position over reports the sporting goods giant has received pressure from investors to accelerate a turnaround and consider replacing its chief executive.


GERMANY: Adidas shares fall on lower gross margin target Michelle Russell | 7 Aug 14

Adidas's share price fell this morning (7 August) as it cut its full-year gross margin target just a week after lowering its earnings forecast.


GERMANY: Adidas shares plunge as FY outlook cut Michelle Russell | 31 Jul 14

Adidas shares plunged this morning (31 July) after the German sporting giant cut its earnings forecast and announced plans to close stores in Russia and restructure its TaylorMade golf unit.


US: Zwiers to lead global growth at Wolverine Worldwide Katie Smith | 16 Jun 14

As part of ongoing efforts to accelerate global growth, US clothing and footwear business Wolverine Worldwide has promoted company veteran James Zwiers to president of its International Group.


GERMANY: Adidas profit dips 34% in “challenging” Q1 Richard Woodard | 6 May 14

Sporting goods giant Adidas Group recorded a 34% slump in first quarter net profit, impacted by adverse currency effects and a poor performance from TaylorMade-Adidas Golf.


GERMANY: Adidas promotes King to head up North America unit Michelle Russell | 17 Apr 14

German sportswear giant Adidas has promoted Mark King to the role of president of the group's North America division.


GERMANY: Currency headwinds impact Adidas Q3 profit Richard Woodard | 7 Nov 13

Sporting goods giant Adidas saw profits and revenues both fall in the third quarter, impacted by unfavourable exchange rates.


GERMANY: Adidas cuts FY forecasts on Russia and golf issues Petah Marian | 20 Sep 13

Adidas, the world's second-largest sportswear maker, has lowered its full-year profit expectations on distribution issues in Russia combined with a weak golf market.


GERMANY: Adidas shares rise on Q1 profit growth Katie Smith | 3 May 13

Sportswear giant Adidas has seen its share price rise after reporting a 6.6% increase in first-quarter net profit, after a more favourable price, product and sales mix boosted margins to a record high.


GERMANY: Adidas shares rise on Q1 profit growth Katie Smith | 3 May 13

Sportswear giant Adidas has seen its share price rise after reporting a 6.6% increase in first-quarter net profit, after a more favourable price, product and sales mix boosted margins to a record high.


GERMANY: Adidas Q3 profit surge despite Reebok slump Richard Woodard | 8 Nov 12

Sporting goods powerhouse Adidas has posted double-digit increases in profit and revenues in the third quarter, despite continuing worries about its under-performing Reebok brand.


GERMANY: Adidas Q3 profit surge despite Reebok slump Richard Woodard | 8 Nov 12

Sporting goods powerhouse Adidas has posted double-digit increases in profit and revenues in the third quarter, despite continuing worries about its under-performing Reebok brand.


GERMANY: Adidas Q3 profit surge despite Reebok slump Richard Woodard | 8 Nov 12

Sporting goods powerhouse Adidas has posted double-digit increases in profit and revenues in the third quarter, despite continuing worries about its under-performing Reebok brand.


GERMANY: Adidas cuts Reebok revenue targets by one-third Richard Woodard | 21 Sep 12

Adidas has made dramatic cuts to the long-term revenue targets for its Reebok brand, which has been impacted by lost business in the US and fraud allegations in India.


GERMANY: Adidas cuts Reebok revenue targets by one-third Richard Woodard | 21 Sep 12

Adidas has made dramatic cuts to the long-term revenue targets for its Reebok brand, which has been impacted by lost business in the US and fraud allegations in India.


GERMANY: Adidas cuts Reebok revenue targets by one-third Richard Woodard | 21 Sep 12

Adidas has made dramatic cuts to the long-term revenue targets for its Reebok brand, which has been impacted by lost business in the US and fraud allegations in India.


GERMANY: Adidas raises FY view despite India investigation Petah Marian | 30 Apr 12

Adidas has raised its full-year profit forecast after a strong first quarter, despite warning of costs relating to irregularities in its Indian operations.


GERMANY: Adidas raises FY view despite India investigation Petah Marian | 30 Apr 12

Adidas has raised its full-year profit forecast after a strong first quarter, despite warning of costs relating to irregularities in its Indian operations.


GERMANY: Adidas raises FY view despite India investigation Petah Marian | 30 Apr 12

Adidas has raised its full-year profit forecast after a strong first quarter, despite warning of costs relating to irregularities in its Indian operations.


GERMANY: Adidas bullish after Q3 profit rises 14% Richard Woodard | 3 Nov 11

Sporting goods giant Adidas is set for a record year after third quarter profit rose 14% on an 8% revenue increase, with margins holding up thanks to increased retail sales.


GERMANY: Adidas bullish after Q3 profit rises 14% Richard Woodard | 3 Nov 11

Sporting goods giant Adidas is set for a record year after third quarter profit rose 14% on an 8% revenue increase, with margins holding up thanks to increased retail sales.


GERMANY: Adidas bullish after Q3 profit rises 14% Richard Woodard | 3 Nov 11

Sporting goods giant Adidas is set for a record year after third quarter profit rose 14% on an 8% revenue increase, with margins holding up thanks to increased retail sales.


GERMANY: Adidas lifts outlook as Q1 profit jumps 25% just-style.com | 5 May 11

German sportswear and equipment maker Adidas AG today (5 May) raised its full-year sales guidance after a double-digit first quarter revenue hike helped offset higher raw material costs.


GERMANY: Adidas lifts outlook as Q1 profit jumps 25% just-style.com | 5 May 11

German sportswear and equipment maker Adidas AG today (5 May) raised its full-year sales guidance after a double-digit first quarter revenue hike helped offset higher raw material costs.

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