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Adidas to cut up to 500 jobs
Adidas to cut up to 500 jobs after posting better-than-expected holiday profits
The layoffs will affect employees at Adidas’ headquarters in Herzogenaurach, Germany, and represent nearly 9% of the 5,800 staffers it employs at the location.
Adidas Profit Jumps After Strong Sneaker Sales in Holiday Season
Adidas AG reported better-than-expected results amid the sustained boom for retro sneakers like the Samba and more sales from its shrinking stockpile of Yeezy footwear.
Adidas, Puma weigh job cuts as latter disappoints with profit fall
German sportswear giants Adidas and Puma have both announced they are seeking to reduce costs, including through possible job cuts, as they eye
Adidas to restructure its HQ, does not rule out job cuts
German sportswear giant Adidas plans to adjust structures at its company headquarters in southern Germany and possibly also reduce the number of employees at the site by 5,800. A company spokeswoman said that figures could not be provided at the moment.
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Adidas Exceeds Profit Guidance After Sales Jump in Fourth Quarter
The German sporting-goods company said its operating profit climbed to €1.34 billion last year from €268 million in 2023.
2d
Adidas to axe up to 500 jobs at headquarters, source says
Adidas CEO Bjoern Gulden plans to cut up to 500 jobs at the German sport retailer's headquarters in Herzogenaurach, a source ...
2d
Puma Plunges After Profit Warning Highlights Adidas’s Lead
Puma SE shares plunged after the German sportswear company reported disappointing earnings and pushed back profitability ...
4d
on MSN
Adidas Swings to Operating Profit After Sales Jump
The German sporting-goods company posted an operating profit €57 million in the fourth quarter compared with an operating ...
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on MSN
Adidas has ‘brand heat,’ analysts say. It’s a hot stock, too.
Adidas stock rallied on Wednesday as the apparel maker said its fourth-quarter results would come in ahead of estimates.
Footwear News on MSN
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Adidas Sees Strong Finish to 2024 With Revenue and Profit Surge
According to the German athletic company’s preliminary results for Q4 2024, Adidas saw revenues grow 24 percent in the period ...
The Manila Times on MSN
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Adidas 2024 profits jump
Adidas on Tuesday said that its operating profit jumped fivefold last year, as the German sportswear giant moves past a ...
3d
Adidas Sees Solid Gains In Q4, Looks To Expand Market Share
German sportswear brand adidas AG posted strong growth in Q4, with revenue up 19% in currency-neutral terms and 24% in euros, ...
2d
Puma shares plunge 23% as weak profit shakes confidence
Shares in Puma dropped 15% as the market opened on Thursday after the German sportswear brand reported lower than expected ...
Hosted on MSN
3d
Adidas Reports Q4 Profit, Stock Soars 6% Amid Retro Sneaker Boom
Adidas AG reported an operating profit in the fourth quarter, rebounding from a loss the prior year, and exceeded its ...
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