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tag: adidas

download (7).jpg 22 Tháng 10 2022

Adidas slumps after fresh “Profit Warning”: main cause, sales drop in China due to the persistence of Covid lockdowns

Shares in Adidas fell more than 9 per cent on Friday after the sportswear group sounded the alarm on profits for the second time in three months. “The warning came as the company disclosed late on Thursday that is was sitting on a growing pile of unsold trainers and other kit as sales in China and the western markets have been much lower than expected”, reads on the @financialtimes. [Adidas shares tumble after second profit warning in three ... – FT]

 

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E2TZSAHOVZA7XKFFJ6JIXB2QQY.jpg 10 Tháng 10 2022

It's hard for fashion to get rid of plastic

Big brands, from Adidas to Patagonia, are on track to eliminate virgin polyester from their products, but almost all the recycled polyester available on the market today comes from plastic bottles, not old clothes. And once it's turned into textiles, that plastic is much harder to keep in circulation than if it were left a bottle that could be recycled again and again.  [Fashion's Plastic Addiction Is Harder to Shake Than it Seems – BoF]

 

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download (3).jpg 23 Tháng 9 2022

Relocation from China to Vietnam confirmed

Philip Webster, for @PublicationsEdm, commented a ResearchAndMarkets.com document indicating that Nike and Adidas are leading a transfer from China to Vietnam for shoe production, confirming a trend that has been observed in the data and analysis that Shoe Intelligence has collected in recent years. [Research Report on Footwear Industry in Vietnam, 2022-2031 – marketresearch.com]

 

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15 Tháng 7 2022

Crossover with high fashion in the competition between Adidas and Nike

In @scmp's story, the two retail giants have gone all guns blazing into high-fashion collaborations, with other partner brands including Balenciaga, Prada and Louis Vuitton. Despite criticisms over prices, designs and drop frequency, demand for such crossovers remains high, with collections quickly selling out. [How Nike and Adidas collabs with Gucci, Prada, Jacquemus and other high-fashion houses mark a new battleground for sportswear’s biggest rivalry- South China Morning Post]

 

 

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13 Tháng 6 2022

adidas sued Nike for patent infringement

Adidas has filed a lawsuit against the Beaverton-based company (the first federal lawsuit in history opened against its American competitor) for infringing patents related to the Nike Adapt system and the SNKRS, Run Club and Training Club applications. [Adidas Names Nike in Patent Lawsuit for Allegedly Infringing - The Fashion Law]

 

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download.jpg 14 Tháng 3 2022

Adidas warns that Russian invasion of Ukraine could impact business in 2022 as it disrupts sales in the region

Adidas is one of many retailers expecting sales repercussions due to the impact  of the conflict between Russia and Ukraine.  The risk is to lose 1% of Adidas’ overall growth.  [Adidas Warns That Russia Conflict Could Impact 2022 Business as it Halts Sales in the Region – FN]

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