👟adidas is on track to see its highest profit margin in three years, thanks to the success of its Samba and Gazelle shoes and weaker sales at Nike. https://lnkd.in/gwiq9wRQ #retailnews
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NIKE IN FOCUS They expect next qtr revenues to decline Expect full-year sales to grow just 1% vs earlier expectations of mid-single digits They also unveiled plans to cut costs by about $2bn Even Foot Locker’s shares -7% as Nike is one of the major brands they sell. Have also heard friends from adidas speak about a sales slowdown. Is Sneakermania's price madness normalizing? Anecdotally, I can confirm, prices of many hyped sneakers in the resell market had started to correct some 6-7 months ago itself! Also, the big companies seem to be ceding some market share to newer more specific offerings. They’re also slowing down on innovation. Some of Nike’s most popular silhouettes were still innovated some 10-15 years ago. Is Nike’s loss, the gain of On Clouds & Hoka? Nike On HOKA #Consumer #Sneakers #FMCGisLife
Nike's stock saw a huge fall of 11% in after hours trade on December 21. In fact, the company has been quite an underperformer this year. This is not just hurting Nike but also brands like Adidas & Foot Locker. Mangalam Maloo digs up more details #Nike #Adidas #FootLocker #OnCloud #Hoko #Shoes #Sneakers #cnbctv18digital Mangalam Maloo
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Adidas Sales Drop, but Hope for Future Growth! #AdidasCEO #AdidasCOVID19impact #Adidasecommercegrowth #Adidasearningsreport #Adidaslongtermgrowthprospects #Adidasproductcategories #Adidassalesdecline #Adidassharebuybackprogram #Adidasstrategicgoals #AdidasstrugglesinChinesemarket #Adidassupplychaindisruptions
Adidas Sales Drop, but Hope for Future Growth! | US Newsper
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Adidas Sales Drop, but Hope for Future Growth! #AdidasCEO #AdidasCOVID19impact #Adidasecommercegrowth #Adidasearningsreport #Adidaslongtermgrowthprospects #Adidasproductcategories #Adidassalesdecline #Adidassharebuybackprogram #Adidasstrategicgoals #AdidasstrugglesinChinesemarket #Adidassupplychaindisruptions
Adidas Sales Drop, but Hope for Future Growth! | US Newsper
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Against the background of the fact that Nike is experiencing the strongest decline in the last decade, Adidas is taking the lead. Maybe not by all indicators, but, for example, in terms of the number of search queries on the Internet for Samba and Gazelle sneakers, the German brand overtook the American one in a year. Previously, Nike Air Force 1 was in the first place. Such data is provided by Google Trends. Analysts agree on their predictions. Adidas predicts the highest profitability in three years - according to the results of the second quarter of 2024, the figure is expected to reach 51.4%. And quarterly revenue will grow by 4.5% to $5.6 billion compared to the same period last year. And for Nike, they predict a decrease in annual sales. #adidas #nike #snikerhead #retail #offlineshop #fashion https://lnkd.in/eGuUkQyj
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Adidas posts first loss in 30 years! According to an article published today, Adidas reported a net loss for the first time since 1992 due to declining sales. (full article in the comments) The article also mentions that North America sales are expected to fall again this year. It's not just big retailers like Adidas and Nike that are struggling, but smaller retailers may also be feeling the decline. Have you noticed a trend in your industry and vertical? Let's discuss in the comments. #Adidas #Retail #retailing #profitability
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Nike is set to post its slowest revenue growth in two years when it reports fourth-quarter results on Thursday, due to a lack of innovation amid growing competition from Deckers HOKA and Roger Federer-backed On At least seven brokerages have cut their price targets on Nike since the start of the month, with many expecting the sportswear maker to further cede market share to newer, more innovative brands. "On and Hoka are still capturing consumers' interest and they're still taking market share away from Nike, and in that respect, I think Nike is still a company that is on the back foot... (and) feels slightly boring," GlobalData analyst Neil Saunders said. However, with the Olympic Games in Paris around the corner, Nike is pinning its hopes on the mega sporting event to win back some market share by spotlighting performance products such as the Alphafly 3 racer and the Pegasus running shoe. Nike Reuters Deckers Brands Paris 2024 - Comité d'organisation des Jeux Olympiques et Paralympiques de 2024 #running #nike #hoka #OnRunning #rogerfederer #runningshoes #earnings #paris2024 #alphafly YipitData DICK'S Sporting Goods #marketshare #sneakers
Nike set for weak quarterly sales growth as On, Hoka chip away market share
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A Samba shoe on Oct. 12, 2023, in Berlin, Germany. Thomas Trutschel | Photothek | Getty ImagesShares in Adidas rose on Wednesday after the company announced it would hike its full year 2024 earnings guidance following better-than-expected preliminary results for the second quarter.Adidas was last up 4.72% at 8:19 a.m. London time.The #BreakingNewsMarkets #businessnews #Earnings #Earningsestimates #Earningsoutlook #Earningsreports #europe #Markets #Stockmarkets
Adidas shares rise 5% after hiking 2024 guidance
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DID YOU KNOW: Nike is making big money!! Nike has released its latest results and the company’s quarterly profits came in at $1.45 billion!!! Its signature footwear continued to be its biggest money-maker as it accounted for over 65% of its revenues. North America remained the shoe giant’s largest market while revenues from Latin America and APAC were the lowest among all markets. Nike reported revenues of $12.94 billion during the quarter, which was more than the quarterly revenues of adidas, PUMA Group, and Skechers combined!!!! Investors cheered the move as the stock jumped over 6% while gaining almost $10 billion in market cap in a single day!! Big money. Follow Jobaaj Stories (the Media arm of Jobaaj.com Group) for more. #america #money #corporation #inc #profit #revenue #leader #dollars #euros #nike #adidas #puma #skechers #billions #billion #profits #shoes #company #shares #marketcap #gains #surge Nike President & CEO John Donahoe:-
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adidas Posts First Loss in 30 Years 📉 German sportswear giant Adidas posted its first annual loss in more than 30 years. 👉 It also warned of a sales decline in North America as sportswear retailers in the U.S. struggle with high inventories. 👉 Adidas has been striving to recover since severing its partnership with Kanye West in October 2022, resulting in the suspension of sales for the lucrative Yeezy sneaker line. 👉 Lower demand and overstocked stores in the U.S. have weighed on sportswear and apparel companies, and Adidas said sales in North America fell by 21% in the fourth quarter and by 16% over the year. Nonetheless, Adidas' board will propose an unchanged dividend of 0.70 euros ($0.7650) per share on its 2023 performance despite a net loss of 58 million euros, its first since 1992. 💵
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