Retail news
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Adidas and Puma end 60-year feud
- Posted:
- 21 September 2009 09:25
Adidas and Puma are to end a feud which started 60 years ago by their founding brothers. Adi and Rudolf Dassler began making sports shoes together in the 1920s but fell out during World War II and founded the two separate companies in 1948.On Monday September 21st, employees of both ...read more
Adidas fourth quarter profits exceed forecasts
- Posted:
- 05 March 2009 09:42
Adidas AG has reported fourth quarter profits ahead of estimates. Fourth quarter operating profit rose by 77% to Eu107 million, beating analysts' forecasts of Eu98 million, with sales up 6.4% to Eu2.57 billion. The group is predicting lower sales and earnings this year as consumers cut spending in what chief ...read more
Ashley faces losses after City gamble fails to pay off
- Posted:
- 25 March 2008 09:11
Billionaire retail entrepreneur Mike Ashley has lost millions of pounds on a share bet on Halifax Bank of Scotland, it was reported today. The Sports Direct owner placed a succession of bets late last year with spread betting firm IG Index that HBOS's share price would rise in the early ...read more
Profits rise at Adidas
- Posted:
- 06 March 2008 09:18
Adidas has reported a 63% increase in fourth quarter profits. The group is forecasting full year profit growth of 15%, more than 2007’s 14% gain after the forthcoming Euro 2008 soccer tournament boosted forward orders. In addition following its takeover by Reebok International, Adidas has been able to negotiate better ...read more
JJB Sports acquires the Original Shoe Company
- Posted:
- 18 December 2007 09:24
JJB Sports has announced that it has acquired the Original Shoe Company from Sports Direct International for £5 million in cash.The Original Shoe Company sells a range of branded lifestyle clothing and footwear, with its premium clothing brands including Ben Sherman, Henri Lloyd, adidas Originals and Timberland whilst its footwear ...read more
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