European Retail Correspondent, Zurich
Emma's Feed
Nov 6, 2014
Nov 6, 2014

Adidas shares jump as Russia, golf units cut stock surplus

BERLIN, Nov 6 (Reuters) – German sportswear firm Adidas AG
, struggling to keep pace with larger U.S. rival Nike
, reported progress on Thursday at clearing a backlog of
stock as sales recovered in key markets, helping its shares rise
strongly.

Adidas, whose long-serving Chief Executive Herbert Hainer is
under pressure after a series of profit warnings, confirmed its
sales and profit forecasts for 2014 after reporting
third-quarter results at the upper end of analyst expectations.

Nov 6, 2014

Adidas shares jump as Russia, golf units clear excess stock

BERLIN (Reuters) – German sportswear firm Adidas AG (ADSGn.DE: Quote, Profile, Research, Stock Buzz), struggling to keep pace with larger U.S. rival Nike (NKE.N: Quote, Profile, Research, Stock Buzz), reported progress on Wednesday at clearing excess inventories in Russia and in its flagging golf business, helping its shares rise 5 percent.

Adidas, whose long-serving Chief Executive Herbert Hainer is under pressure after a series of profit warnings, confirmed its sales and profit forecasts for 2014 after reporting third-quarter results at the upper end of analyst expectations.

Nov 5, 2014
Nov 4, 2014
Nov 4, 2014

Hugo Boss shares slide on lower forecasts as economy slows

BERLIN (Reuters) – German fashion house Hugo Boss (BOSSn.DE: Quote, Profile, Research, Stock Buzz) trimmed its 2014 sales and profit forecasts on Tuesday due to a slowing European economy after it reported weaker-than-expected third-quarter profits.

Hugo Boss said it now expected sales to grow 6-8 percent in 2014, after accounting for currency changes, while operating profit should rise 5-7 percent. It had previously forecast a high single-digit percentage rise for both measures.

Oct 21, 2014
Oct 21, 2014
Oct 20, 2014
Oct 20, 2014

France shows UK grocers how to beat discounters at own game

PARIS/BERLIN, Oct 20 (Reuters) – The success of French
retailers in stopping the advance of discounters in the last
five years shows a way out of the crisis embroiling Britain’s
“big four” grocers. Their simple formula: fewer complex
promotions and big price cuts across the board.

In Britain, Tesco, Wal-Mart’s Asda,
Sainsbury and Morrison are all losing shoppers
to discounters Aldi and Lidl, which have
grown market share to over 8 percent from 5 percent in 2012.