Find in the news:
BY COUNTRY

Adidas boosts forecast thanks to Yeezy sales



The company is expected to generate an operating loss of €100 million at the end of 2023.
Adidas has issued an updated sales forecast for 2023. The company is expected to post an operating loss of €100 million versus the €450 previously expected.

camilla-carvalho-Cgb4gMKRcMA-unsplash.jpg

The company said its core business is recovering and performing better than expected in the third quarter. Yeezy sales are cited as the main driver of growth.

Potential Yeezy inventory write-downs were lowered fr om €400 million to €300 million. The operating profit outlook was raised from zero to €100 million. The decline in revenue excluding currency differences will be 6%, to €6 billion. 

Initially, Adidas forecasted a loss of 700 million euros for 2023. For the company, it will be the first loss-making year in three decades. However, the sports giant gradually improved its profit forecast by releasing new Yeezy models.

"While the company's performance in the quarter was again positively impacted by the sale of parts of its remaining Yeezy inventory, the underlying adidas business also developed better than expected," the company said in its release.

Experts note that despite the positive dynamics, Adidas continues to lag behind Nike in the U.S. and Canada, wh ere its sales were three times lower in 2022 - 4 vs. 12 billion dollars. 

More about shopping malls in Germany



TODAY, USA:
The luxury brand has recently unveiled its latest retail venture.
Jul 12, 2024, India:
Crocs has entered into a strategic partnership with Apparel Group India.
Jul 11, 2024, USA:
Italian luxury brand Brioni has expanded its presence in Texas with the opening of a new store in Houston.
Jul 10, 2024, Canada:
Best Buy Canada is set to make a significant expansion into smaller communities across Canada.
Jul 9, 2024:
Forever21 initiated its exit from Colombia by shuttering its flagship store in Bogotá.
Jul 8, 2024:
Migiboy Tekstil secured over 90% of Naf Naf's workforce, retaining 100 directly-operated shops and 51 affiliates.
Friend
and Follow
Designer Outlet Provence GLA:269 098 SF
ADDRESS: Mas de la Peronne, Miramas, France
France . Miramas
Designer Outlet Provence
Mall of Qatar GLA:1 743 753 SF
Qatar . Doha
Mall of Qatar
Silesia City Centre GLA:699 654 SF
ADDRESS: Chorzowska 107
Poland . Katowice
Silesia City Centre
Dolphin mall GLA:1 400 000 SF
ADDRESS: 11401 N.W. 12th Street Miami, FL 33172
USA . Miami
Dolphin mall


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us