Adidas to bring lower-cost Samba, other shoe models to market

16.05.24 23:23 Uhr

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Adidas is apparently looking to bring lower-cost shoe models to the market.Reuters reported Thursday the sportswear company indicated Samba and other shoes will become more affordably priced options in the $60 to $80 range."It’s important to understand that not everyone can afford to buy a shoe for $120 or $150, but everyone wants to take part in the same trends," CEO Bjorn Gulden told investors. GET FOX BUSINESS ON THE GO BY CLICKING HERE"What we do at the top, $100 and higher, we’re bringing that down. So, for Foot Locker, for Intersport and for Deichmann, we’ve also got something to offer."FOX Business reached out to Adidas for comment on the matter.Late last month, as Adidas reported its first-quarter results, the sportswear company said its Samba, Gazelle, Spezial and Campus lines were seeing "very strong and growing" demand. NIKE CUTTING 1,600 JOBS TO CUT COSTSIt has been selling versions of the Samba, Gazelle and Campus for decades.Adidas also reported in April that its SL72 shoe has been gaining momentum.Overall, the sportswear company generated about $5.93 billion in revenues (5.46 billion euros) in the first quarter, marking a 4% increase from the same period last year. Its net income from continuing operations came in at $185.85 million (171 million euros).CLICK HERE TO READ MORE ON FOX BUSINESSAdidas had a market capitalization hovering around $44.47 billion as of Thursday afternoon.Reuters contributed to this report.Weiter zum vollständigen Artikel bei FOX Business

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Analysen zu adidas

DatumRatingAnalyst
17.06.2024adidas OverweightJP Morgan Chase & Co.
05.06.2024adidas OutperformRBC Capital Markets
03.06.2024adidas HoldJefferies & Company Inc.
03.06.2024adidas OutperformRBC Capital Markets
10.05.2024adidas Market-PerformBernstein Research
DatumRatingAnalyst
17.06.2024adidas OverweightJP Morgan Chase & Co.
05.06.2024adidas OutperformRBC Capital Markets
03.06.2024adidas OutperformRBC Capital Markets
02.05.2024adidas OverweightBarclays Capital
02.05.2024adidas OutperformRBC Capital Markets
DatumRatingAnalyst
03.06.2024adidas HoldJefferies & Company Inc.
10.05.2024adidas Market-PerformBernstein Research
02.05.2024adidas NeutralGoldman Sachs Group Inc.
30.04.2024adidas HoldJefferies & Company Inc.
30.04.2024adidas HoldWarburg Research
DatumRatingAnalyst
30.04.2024adidas ReduceBaader Bank
18.04.2024adidas SellHauck & Aufhäuser Privatbankiers KGaA
17.04.2024adidas ReduceBaader Bank
13.03.2024adidas ReduceBaader Bank
05.03.2024adidas ReduceBaader Bank

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