ADS.DE - adidas AG

XETRA - XETRA Delayed Price. Currency in EUR
-2.55 (-0.89%)
At close: 5:35PM CET
Stock chart is not supported by your current browser
Previous Close285.00
Bid281.70 x 37900
Ask281.70 x 75600
Day's Range280.45 - 286.85
52 Week Range197.25 - 317.45
Avg. Volume540,135
Market Cap55.886B
Beta (5Y Monthly)0.63
PE Ratio (TTM)29.25
EPS (TTM)9.66
Earnings DateMar 11, 2020
Forward Dividend & Yield3.35 (1.18%)
Ex-Dividend DateMay 10, 2019
1y Target Est198.06
  • CDC Warns Travelers on Hong Kong; Two Die in Iran: Virus Update

    CDC Warns Travelers on Hong Kong; Two Die in Iran: Virus Update

    (Bloomberg) -- The International Monetary Fund reiterated that it sees a rebound in global growth this year, despite risks of a further spread of the coronavirus that has now killed 2,010 and infected 75,286 people around the world.Iran said that two elderly patients died, the first fatalities, and the U.S. issued a travel watch for Hong Kong after a second patient died there.China said it’s considering further measures to shield its economy from the outbreak, including cash infusions and bailouts for the struggling airline industry. The government is planning to take over HNA Group Co. and sell off its airline assets after the virus hampered the debt-loaded conglomerate’s ability to meet financial obligations.As more people are encouraged to stay at home, a growing number of Chinese private companies have stopped paying staff completely.Key DevelopmentsIran reports first deaths from coronavirusChina nears takeover of troubled HNAMiners advance in bet on rebound in China metals demandChina death toll hits 2,004; 74,185 confirmed casesClick VRUS on the terminal for news and data on the novel coronavirus and here for maps and charts. For analysis of the impact from Bloomberg Economics, click here.CDC Warns Travelers to Hong Kong (4:20 p.m. NY)The U.S. Centers for Disease Control and Prevention warned travelers to Hong Kong to be prepared for the novel coronavirus after a second person there died from the infection.The agency put in place a level 1 travel notice for Hong Kong that advises visitors to avoid contact with sick people and to wash their hands often to avoid contracting the virus, which is spreading there from person-to-person.The CDC has level 4 advisory for China’s Hubei province, the center of the outbreak, which means no one should travel there. The rest of mainland China is level 3, meaning people should avoid non-essential travel.Two Iran Patients Die: Report (11:37 a.m. NY)Two Iranian citizens who tested positive for the coronavirus have died, a Health Ministry official told the state-run Islamic Republic News Agency, the country’s first fatalities from the outbreak.The patients were elderly residents of the the city of Qom, said the news agency, about 100 miles (150 kilometers) south of Tehran.China Said to Near Takeover of HNA Group (9:45 a.m. NY)China is planning to take over HNA Group Co. and sell off its airline assets after the coronavirus outbreak hit the indebted conglomerate’s ability to meet financial obligations, according to people familiar with the plans.The government of Hainan, the southern island province where HNA is based, is in talks to take control of the conglomerate, which has been shedding assets after a global buying spree left it with one of the highest levels of corporate debt in China, the people said. The airline assets could be taken over later by other local companies, they said.China’s Central Bank Expects ‘Limited’ Virus Impact (8:41 a.m. NY)The People’s Bank of China acknowledged the downward pressure facing the economy and said the impact of the outbreak would be “short-lived” and “limited in terms of time and scope.”It called for a “rational view” on the economic impact of the virus and said it’ll work to promote consumption and investment to boost domestic demand, according to a quarterly monetary policy report.IMF Sees Global Economic Rebound Despite Virus Threat (8:30 a.m. NY)Worldwide economic growth is expected to “moderately strengthen” this year, according to the IMF, despite the Washington-based lender warning that the coronavirus is one of the main risks that could derail that outlook.Russia Exports to China Slump, Indonesia Spending Hit (6:24 a.m. NY)Russia’s exports to China dropped by almost a third in the first six weeks of the year as the spread of coronavirus sapped demand in the world’s second-biggest economy. Separately, Indonesia’s revenue and spending fell in the first month of the year and the country’s finance minister warned of more risks to economic growth.Macau Says 29 of 41 Casinos to Reopen Feb. 20 (5:32 p.m. HK)Twelve casinos remain suspended. Reopening involves 1,800 gaming tables, which is less than 30% of the original number.Adidas, Puma Say Coronavirus Pummeled Demand in China (5:02 p.m. HK)Adidas AG and rival Puma SE said business in China was pummeled by the coronavirus, which forced the German sporting-gear companies to shut stores.China Says Virus Spread Possible Via Aerosol in Confined Space (4:48 p.m. HK)It is possible to catch the novel coronavirus if exposed to highly dense aerosols in a confined environment for a long time, China’s National Health Commission said.Chinese Oil Refineries Deepen Run Cuts (4:09 p.m. HK)Chinese refineries are throttling back production even further to cope with weak demand and a lack of workers due to the coronavirus, and are now processing 25% less oil than they were last year.No Wages for Chinese Workers (2:50 p.m. HK)A growing number of China’s private companies have cut wages, delayed paychecks or stopped paying staff completely, saying that the economic toll of the coronavirus has left them unable to cover their labor costs. To slow the spread of the virus, Chinese authorities and big employers have encouraged people to stay home. Shopping malls and restaurants are empty; amusement parks and theaters are closed; non-essential travel is all but forbidden.Glovemaker Increases Debt Sale (12:54 p.m. HK)The world’s biggest glovemaker got a vote of confidence from investors in the credit market, as the spreading coronavirus fuels demand for the Malaysian company’s rubber products. Top Glove Corp. sold 1.3 billion ringgit ($313 million) of Islamic notes, more than its planned offering of 1 billion ringgit.All Negative for Westerdam Passengers (12:19 p.m. HK)All remaining 781 passengers of the Westerdam cruise ship moored in Cambodia have tested negative for coronavirus. Holland America Line, which owns the vessel, made the announcement, citing the Cambodian Ministry of Health.Japanese Efforts Criticized (12:15 p.m. HK)As Japan began releasing passengers from a stricken cruise ship anchored off Yokohama, the U.S. Centers for Disease Control and Prevention criticized the Japanese government’s quarantine efforts, saying they may not have been sufficient to prevent transmission of the coronavirus aboard the vessel.The CDC said in a statement Tuesday there may be additional virus cases among the remaining passengers, as the rate of new infections presents an “ongoing risk.” It said passengers and crew are prevented from returning to the U.S. for at least 14 days after leaving the ship.APEC to Discuss Impact of Coronavirus (11:30 a.m. HK)Senior officials of Asia-Pacific Economic Cooperation Secretariat will discuss the impact of the coronavirus in the next few days, said Michael Chapnick, direct of communications and public affairs. The Secretariat sees the outbreak as “a challenge for the region” as they prepare to host meetings in Malaysia this year.Hong Kong Reports Second Death (11:05 a.m. HK)A 70-year-old male who had been diagnosed with coronavirus died this morning at Princess Margaret Hospital, a spokesperson for the hospital said by phone. He had underlying illnesses and had a day trip to mainland China on Jan. 22. Local news site HK01 reported the death earlier this morning.China Mulling Airline bailout (11:01 a.m. HK)China is considering measures such as direct cash infusions and mergers to bail out an airline industry crippled by the virus outbreak, according to people familiar with the matter. One proposal involves allowing some of the nation’s biggest carriers -- which are controlled by the state -- to absorb smaller ones suffering the most from the collapse of travel, the people said, asking not to be identified because the information hasn’t been discussed publicly. To read full story, click here.Cruise Passengers Begin to Disembark (10:10 a.m. HK)Passengers finally began leaving a cruise ship that has been quarantined off Yokohama, Japan, the NHK reported.Many of those who leave the ship will be subject to another 14 days of quarantine once they return home. All passengers are set to leave the Diamond Princess cruise between Wednesday and Friday. About one in seven people aboard became infected, with 542 people confirmed to have contracted the virus as of Tuesday.To read full story, click here.Taiwan Extends Hong Kong Tour Suspension (10:05 a.m. HK)Taiwan’s Tourism Bureau said suspension on group tours to Hong Kong and Macau will be extended to April 30 from original schedule of March 31. Taiwan had earlier barred entry for all residents of mainland China, Hong Kong and Macau. Taiwan had also halted all passenger flitghts to China except for those to and from the Chinese cities of Beijing, Shanghai, Xiamen and Chengdu.Gauging the Damage From the Virus (10 a.m. HK)U.S. corporations are rushing to assess the impact on their business from the coronavirus infection spreading across China. Bloomberg economists reviewed all mentions of the coronavirus for S&P 500-listed firms - a total of more than 150 companies with a combined market cap of $9 trillion - and found that 56% of them said it was too early to gauge how the virus might play out. Another 36% said it would have an effect, but likely limited. Only 5% anticipate a severe blow. But the harsh reality on the ground in China points to a different conclusion - so companies and investors may be in for a nasty shock.To read the full report, click here.South Korea Confirms 15 More Cases (9:30 a.m. HK)The Korea Center for Disease Control & Prevention confirmed 15 more cases of people with coronavirus, 13 of them in Daegu city, southeast of Seoul. Eleven of the newly confirmed cases were linked to a patient that tested positive yesterday, the CDC said. The Kyungpook National University Hospital in Daegu has been asked to close down its emergency room after at least one patient in the facility was found to have been infected.\--With assistance from Emi Nobuhiro, K. Oanh Ha, Adrian Kennedy, Adela Lin, Yudith Ho and Michelle Fay Cortez.To contact Bloomberg News staff for this story: Jeff Sutherland in Tokyo at jsutherlan13@bloomberg.netTo contact the editors responsible for this story: Stuart Wallace at, ;Drew Armstrong at, Chris Kay, Mark SchoifetFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Gold Tops $1,600 as Virus Fuels Growth Fears

    Gold Tops $1,600 as Virus Fuels Growth Fears

    (Bloomberg) -- Fears that the coronavirus could be a disaster for the global economy and a drumbeat of speculation over central-bank stimulus are driving another rally in precious metals.Gold surpassed $1,600 an ounce this week and is closing in on a seven-year high. Palladium climbed for a sixth day in the spot market, extending its record-breaking rally.“Gold is continuing to resist the firm U.S. dollar and appears to remain in good demand as a safe haven because of the Covid-19 virus,” Daniel Briesemann, an analyst at Commerzbank AG analyst, said in a note. “The madness on the palladium market continues.”The most surprising metal remains palladium, which rose as much as 8.4%. The metal used to curb emissions from vehicles rallied as the Chinese government pledged to stabilize car demand in the Asian country. Efforts to contain the coronavirus earlier prompted manufacturing shutdowns.Companies from Apple Inc. to Adidas AG are starting to account for the economic damage of the coronavirus, which has already killed more than 2,000 people. At the same time, traders are paying more attention to the possibility of central bank easing in the coming months.The Federal Reserve has said the effects of the virus have presented a “new risk” to the outlook and traders will study minutes from the latest meeting, due later Wednesday, for any hint of a dovish tone. Lower borrowing costs boost the investment appeal of precious metals that don’t offer yields.Palladium generated a 148% return in the past two years -- the biggest among the raw materials tracked by a DCI BNP Paribas gauge. Prices rallied as supply continued to trail consumption.“There is nothing on the horizon to change the direction of these shortages,” Neal Froneman, the chief executive officer of Sibanye-Stillwater Ltd., said at a presentation in Johannesburg, referring to palladium and rhodium.Stricter vehicle emissions standards are spurring more demand for the metals, which are used to clean car fumes, he said.In China, the world’s largest auto market, areas with purchase limits should be encouraged to soften curbs by increasing car plate quotas, according to an article by President Xi Jinping published in Communist Party-run magazine Qiu Shi on Sunday.Why Palladium Is Suddenly a More Precious Metal: QuickTakePalladium rose 1.9% to $2,678.03 an ounce at 1:53 p.m. in New York after reaching a record $2,849.61 earlier. For a second straight day, the metal’s 14-day relative index stayed above 70, a level seen by traders who study charts as a sign that the commodity is overbought and poised to decline. Futures settled 2.9% higher on the New York Mercantile Exchange.Tighter supply and China’s support for the auto sector “do not justify the renewed upswing in price in our opinion,“ Commerzbank’s Briesemann said.Spot gold advanced 0.5% to $1,609.05 an ounce. Futures closed 0.5% higher on the Comex in New York.\--With assistance from Eddie van der Walt, Felix Njini, Justina Vasquez and Yvonne Yue Li.To contact the reporters on this story: Lynn Thomasson in London at;Ranjeetha Pakiam in Singapore at rpakiam@bloomberg.netTo contact the editors responsible for this story: Luzi Ann Javier at, ;Lynn Thomasson at, Joe RichterFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Financial Times

    Adidas and Puma warn of coronavirus sales drag

    has severely disrupted their businesses in China, forcing store closures and a sharp drop in sales in one of their most important markets. Adidas said on Wednesday that sales in the country had plummeted 85 per cent since January 25 compared with the same period a year ago. “We have experienced a material negative impact from the coronavirus outbreak on our operations in China,” it said in a statement.

  • Adidas, Puma warn of coronavirus hit to China business

    Adidas, Puma warn of coronavirus hit to China business

    German sportswear makers Adidas and Puma have both warned that the coronavirus outbreak was hurting their business in China due to store closures and fewer Chinese tourists travelling and shopping in other markets. Adidas and Puma make almost a third of their sales in Asia, which has been a major growth market for the sporting goods industry in recent years. The region is also the main sourcing hub, with China a major producer for both companies.

  • Financial Times

    Puma/Adidas: high tops

    The German pair that founded sports brands Adidas and Puma are long gone. Adidas pre-empted Puma’s results on Wednesday by warning that its own operations in China had suffered an 85 per cent slowdown, denting shares in both. Puma hit back with better than expected numbers, sending its stock up 8 per cent.

  • Play the Contrarian And Buy the Dip in Under Armour Stock

    Play the Contrarian And Buy the Dip in Under Armour Stock

    Shares of Under Armour (NYSE:UAA) plunged in early February after the struggling athletic apparel maker reported mixed fourth quarter numbers that included a dismal 2020 guide. Of note, while Under Armour's profits in the fourth quarter matched analyst expectations, management guided for just 13 cents in earnings per share in 2020 (at best), versus a consensus sell-side estimate of 46 cents.Source: Sundry Photography / That means Under Armour projects to earn less than 30% of what Wall Street thought the company would earn this year. Investors naturally freaked out in response, and UAA stock fell by 20% to its lowest levels in over a year.At this point in time, I think it's smart to play the contrarian and buy the dip in Under Armour stock.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMy rationale is simple. First, Under Armour's fundamentals are bad but not awful, and the company should keep growing. Considering that reality, shares seem undervalued here. * 7 Exciting Stocks to Buy for Aggressive Investors Second, the stock has formed formidable technical support at the $16 to $17 range over the past few years, and shares are presently closing in on those levels. And third, a big portion of the sell-off has to do with coronavirus anxiety, which ought to subside in the coming months.All in all, I like Under Armour stock on the dip. Over the next few months, I expect shares to find support around $16 to $17 and rebound back above $20. All is not LostUnder Armour's fourth quarter earnings report was bad and 2020 guidance was even worse. But all is not lost, and there are still plenty of things to like about this company.Sure, revenues rose just 4% in the fourth quarter, and are expected to drop by roughly 2% next year. That's not good. But Under Armour is still one of the four major players in the athletic apparel market, alongside Nike (NYSE:NKE), Adidas (OTCMKTS:ADDYY) and Skechers (NYSE:SKX). That market remains supported by secular adoption tailwinds. Granted, those tailwinds are stronger on the lifestyle side of the market, and less strong on the performance side (where Under Armour operates).Nonetheless, revenue erosion is unlikely to last beyond 2020, and market tailwinds coupled with easier laps will bring positive revenue growth back next year.Below the top-line, things actually aren't so bad. Gross margins rose by 230 basis points in the quarter amid supply chain enhancements and lower discounting. They are expected to rise another 40 basis points next year for the same reasons. Concurrently, while opex rates are rising, that's mostly because of sluggish revenue growth. Expenses rose just 2% in 2019. Continued moderate expense growth plus gross margin expansion lay the groundwork for profits to roar higher once revenue growth turns positive again.All in all, then, Under Armour is just getting stung by some near-term demand headwinds. These demand headwinds won't last. Once they pass, Under Armour will return to being a low single digit revenue growth and double-digit earnings growth company. Under Armour Stock is CheapAt current levels, there are two big things to like about Under Armour stock.First, the stock is cheap relative to the company's realistic earnings growth prospects. After this year, Under Armour should return to and sustain low single digit revenue growth, thanks to broader athletic apparel market tailwinds. Gross margins will keep moving higher as the company starts selling more into full-price channels and eases on discounting. Operating expense rates will compress as management maintains a ~2% expense growth rate.Putting all that together, from this year's projected 13 cents earnings per share base, Under Armour's profits will likely rise towards $1.25 by 2025. Based on an apparel retail sector-average 23-times forward earnings multiple and a 10% annual discount rate, that implies a 2020 price target for the stock of nearly $20.Second, the stock will find powerful technical support in the $16 to $17 range. Since early 2018, Under Armour stock has bottomed out at these levels several times, namely in April 2018, October 2018, December 2018, August 2019 and November 2019.It is fairly likely that shares once again find support at these levels. If they do, that means the worst of this sell-off is over, and the stock is due for a relief rally over the coming months. Bottom Line on UAA StockUnder Armour is struggling. These struggles will continue, but the valuation on Under Armour stock is cheap, and shares are running into multi-year technical support levels. As such, it makes sense to start buying the dip in Under Armour stock here. Over the coming months, it's quite likely that shares stabilize around $17 before popping back to $20.As of this writing, Luke Lango did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Exciting Stocks to Buy for Aggressive Investors * 20 Stocks to Buy From the Law of Accelerating Returns * 7 U.S. Stocks to Buy on Coronavirus Weakness The post Play the Contrarian And Buy the Dip in Under Armour Stock appeared first on InvestorPlace.

  • Under Armour's New CEO Makes an Ugly Start

    Under Armour's New CEO Makes an Ugly Start

    (Bloomberg Opinion) -- Any new chief executive likes to make their own mark. For Patrik Frisk, who took the helm of Under Armour Inc. last month, there’s even more reason than most. While founder Kevin Plank has ceded the role of CEO, he’s staying around as chairman and brand chief at the maker of athletic apparel.At first glance, the surprise sales and profit warning that Frisk, who spent two-and-a-half years as chief operating officer, announced on Tuesday, looks like the last thing he would have wanted to unleash on investors during his first update. And that’s not all: Under Armour is also considering another restructuring,To be fair, some of the cut to revenue guidance is down to the coronavirus –  a risk shared with rivals Nike Inc. and Adidas AG. But it is also due to a decline in sales in North America, where efforts to rein in discounting and concentrate on the style, fit and performance of apparel have taken longer to bear fruit. Profit estimates were also lowered: The mid-point of the $105 million to $125 million range would imply a halving of operating earnings from 2019, according analysts at Bernstein.The big downgrade is clearly unwelcome to investors, who may be forgiven for thinking they have been here before. The group has been restructuring, including cutting jobs, for the past three years. However, such a dramatic lowering of guidance does provides more leeway to try to fix the U.S. business, where more work is clearly needed, and potentially scope to outperform later on.  There were some bright spots. Under Armour’s gross margin, which expanded by 1.8 percentage points in 2019, is forecast to widen by another 0.3 to 0.5 percentage point this year. Inventories are also falling, and the wholesale market is showing signs of stabilizing.Under Armour’s reduced outlook also paves the way for more cost-cutting. Taking an ax to expenditure could lead to savings of $30 million to $50 million in 2020, even though this could cost as much as $425 million in pre-tax charges. Of this, $225 million to $250 million relates to the possibility of foregoing opening a flagship store in New York. Pausing this project looks wise given the outlook. So Frisk may be erring on the side of caution as he takes the reins.But there’s still considerable uncertainty as to whether Under Armour’s strategy  —  focused foremost on performance rather than fashion —  will pay off. Meanwhile, competition from Nike and Adidas isn’t getting any easier, with the latter pushing ahead with its collaboration with Beyonce. Add in a federal investigation into Under Armour’s accounting practices, and whether Plank will be able to relinquish some control and the outlook remains highly uncertain.After under-promising, Frisk has little choice but to over-deliver.To contact the author of this story: Andrea Felsted at afelsted@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • You Have To Love adidas AG's (ETR:ADS) Dividend
    Simply Wall St.

    You Have To Love adidas AG's (ETR:ADS) Dividend

    Today we'll take a closer look at adidas AG (ETR:ADS) from a dividend investor's perspective. Owning a strong business...

  • Cambodia garments, possibly losing EU trade status, now hit by coronavirus

    Cambodia garments, possibly losing EU trade status, now hit by coronavirus

    At least four textile factories in Cambodia may suspend operations because of delays to the supply of raw materials from China caused by the coronavirus outbreak, the labour ministry said on Monday. Ministry spokesman Heng Sour said there had been delays in deliveries of garments, yarn, buttons and shoe soles. The garment industry is Cambodia's largest employer, generating $7 billion for the economy each year.

  • China Outbreak to Spur Higher Prices as Farm Links Disrupted

    China Outbreak to Spur Higher Prices as Farm Links Disrupted

    (Bloomberg) -- China’s consumer prices rose the fastest in more than eight years last month, with the outbreak of the coronavirus and subsequent shutdowns of transport links across the country making further gains in the coming months likely.Consumer prices rose 5.4%, with food prices jumping the most since 2008 in January. Even before the coronavirus, prices were likely to have risen sharply due to the normal spike in demand around the Lunar New Year and the effects of the African Swine Fever outbreak which has killed millions of pigs and damaged pork supplies. Pork prices gained the most on record.The dramatically worsening coronavirus situation in the last 10 days of the month exacerbated those factors and could prolong the high prices. That will not only hurt consumption domestically, but could push up prices globally, with extended shutdowns in China hurting supplies of various industrial goods and exported foods.“The virus outbreak has rewritten the supply and demand story in China, with supply staying at a relatively low level except for the medical sector and demand also falling,” said Tommy Xie, an economist at Oversea-Chinese Banking Corp in Singapore. “Prices will likely continue to rise due to weak supply.”The fallout will also impact foreign companies with production or sales in China, and may well lead to rising prices for consumer goods in the U.S. and elsewhere if factories can’t restart soon.Apple Inc.’s main iPhone production partner has told employees at its Shenzhen facility not to return to work Monday when the extended Lunar New Year break ends, and its production resumption hinges on the government’s guidance.‘Nightmare’ for Global Tech: Coronavirus Fallout Just BeginningOther multinationals with footprints in China are already seeing disruptions. Nike Inc. closed about half of its company-owned stores in China and rival brand Adidas AG also said it has closed a significant number of stores in China, as a result of the outbreak, Bloomberg reported last week.The rise in CPI was mainly due to the Lunar New Year and the coronavirus epidemic, and also due to a lower base last year as the holiday was in February 2019, the National Bureau of Statistics said in a statement.What Bloomberg’s Economists Say...“Looking ahead, CPI inflation is likely to be volatile. The impact of the virus could cause prices of food, such as vegetables, to rise further. On the other hand, it could reduce household demand, sapping inflationary pressures.”\-- David Qu, Bloomberg EconomicsClick here for the full noteChinese farmers are feeling the pain as authorities have ordered shutdowns and road blockages in various cities and areas in an attempt to contain the spread of the illness. Roads to transport animal feed and farm products were blocked, leaving farmers to watch their poultry starve and farm products go bad.Sun Dawu, founder of Hebei Dawu Agriculture and Livestock Group, wrote on Weibo on Jan. 30 that his company had to “dispose” of about 5,000 kilograms of fresh eggs and 40,0000 baby chickens on a daily basis, because “we aren’t able sell these, and even if we managed to sell to merchants, they dare not trade livestock.”“The animal feed and animal farming industries are about to get burnt,” he said in another post on Weibo, China’s equivalent of Twitter, on Feb 4.Right now the main problem his company is facing is road blockages, according to a company manager called Yang, who only gave his last name. “It has got better, but there are still some extremes cases where our trucks aren’t allowed to exit highways or enter villages,” he said Monday via phone.Blockages ForbiddenThe issue was so bad the Ministry of Agriculture was forced to intervene, last week ordering people not to intercept vehicles transporting animal feed and live animals, not to close slaughterhouses, and not to block village roads.Taobao, one of China’s biggest e-commerce platforms owned by Alibaba Group, has launched a campaign called “Foodies Help Farmers” to promote the sale of products from kiwi fruits to asparagus which have been disrupted. “Don’t let fruit and vegetables rot on the farms,” is the slogan.The faster inflation is benefiting some agricultural companies, at least in the short-term. The stock prices of Beijing Dabeinong Technology Group Co. and Heilongjiang Agriculture Co. both hit the 10% daily upside limit as of 11:14 a.m. local time, while Muyuan Foodstuff Co. jumped 8.2% and Wens Foodstuffs Group Co. climbed 5.5%.“After the virus is contained and lockdown measures are lifted, demand will likely recover more quickly than supply, which may be more or less delayed by a potential disruption of supply chains, resulting in rising CPI inflation,” Lu Ting, Nomura Holdings chief China economist, wrote in a report to clients last week.(Updates with impact on companies from fifth paragraph. The comment of an economist was corrected in an earlier version of this story.)\--With assistance from Tomoko Sato, Yinan Zhao, Miao Han and Ken Wang.To contact Bloomberg News staff for this story: Lin Zhu in Beijing at lzhu243@bloomberg.netTo contact the editors responsible for this story: Jeffrey Black at, James MaygerFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Adidas closes "considerable" number of stores in China due to coronavirus

    Adidas closes "considerable" number of stores in China due to coronavirus

    German sportswear company Adidas on Wednesday said it was temporarily shutting a "considerable" number of its stores in China due to the coronavirus outbreak. Adidas has about 12,000 outlets in China, including franchise stores. Adidas saw sales growth slow to 11% in China in the July-September period from 14% in the second quarter.

  • Reuters

    WRAPUP 8-China virus hits cruise ships, carmakers, airlines and Airbus

    GENEVA/BEIJING, Feb 5 (Reuters) - Thousands of passengers and crew on two cruise ships in Asian waters were placed in quarantine for China's coronavirus on Wednesday as airlines, carmakers and other global companies counted the cost of the fast-spreading outbreak. A multinational WHO-led team would go to China "very soon", it added. China said another 65 people had died in the previous 24 hours, in the highest daily total yet, taking the overall toll on the mainland to 490, most in and around the locked-down central city of Wuhan, where the new virus emerged late last year.

  • Reuters

    Athletics-New rules outlaw some of Nike's record-breaking shoes

    World Athletics announced significant changes to its rules on Friday that will outlaw some variants of Nike's Vaporfly running shoes and introduce strict limits to the technology developed for any future shoes used in elite competition. The sport's governing body said that with immediate effect, road shoes must have soles no thicker than 40mm and not contain more than one rigid, embedded plate. The Vaporfly shoes used by Eliud Kipchoge to run the first sub-2 hour marathon and by fellow Kenyan Brigid Kosgei to smash the women's marathon world record both contained triple carbon plates.

  • Reuters

    Nike faces SEC probe over illicit payment claim - Bloomberg

    A lawyer for Michael Avenatti told a jury that Nike Inc was being probed by the U.S. Securities and Exchange Commission (SEC) over claims that it made illicit payments to elite youth basketball players, Bloomberg reported on Wednesday. The SEC investigation on Nike was confirmed by Scott Wilson, a former lawyer who represented Nike, on the witness stand, Bloomberg said

  • Adidas to launch new fabrics from recycled ocean plastic, polyester

    Adidas to launch new fabrics from recycled ocean plastic, polyester

    Adidas will launch new fabrics made from recycled polyester and marine plastic waste and expand the product lines that use them after the success of shoes made with the Parley for the Oceans initiative, the sportswear firm said on Tuesday. Adidas first teamed up with Parley in 2015 and gradually ramped up production of shoes using plastic collected on beaches and coastal regions to make more than 11 million pairs in 2019, still only a fraction of a group total of more than 400 million. The Ellen MacArthur Foundation, a charity that promotes shifting the economy to a circular model that eliminates waste, says less than 1% of material used for clothing is recycled, a loss of more than $100 billion worth of materials each year.

  • Reuters

    Athletics body to tighten rules after Nike's Vaporfly helps records tumble-sources

    World Athletics expects to announce the findings of a review into technology used in road and track shoes by the end of January. Recreational runners' use of the flourescent footwear will be unaffected, World Athletics said.


    Foot Locker Is Falling Behind in the Race for Customers, Analysts Say

    When it comes to the big business of selling athletic shoes and other gear, Foot Locker is falling behind in the race, say analysts at Susquehanna Financial Group, who downgraded shares on Friday. Analysts Sam Poser and Will Gaertner cut their price target on Foot Locker to $41 from $47. While 2019 delivered a 28.9% gain for the S&P 500, Foot Locker shares dropped 31%, a decline that came as the returned about 3.7%.

  • 7 International Stocks Worth a Visit

    7 International Stocks Worth a Visit

    Barring any unusually negative events, the major U.S.-based indices like the Dow Jones or the S&P 500 will likely close at or near record highs. Based on the robust momentum that American blue chips have demonstrated, the temptation is to stay the course. However, compelling arguments exist to consider shifting your portfolio toward international stocks.First, U.S.-based equity indices have already charted multiple years of remarkable growth. Although that in and of itself is no guarantee that they'll correct, at some point, the odds work against them. After all, markets tend to work in cycles. And as domestic valuations rise, astute investors will look at other sectors for superior growth opportunities. Overlooked international stocks may be that ticket.Second, not only have our benchmark indices skyrocketed, they've consistently dominated the broader performance of international stocks. Since the beginning of the decade, the S&P 500 has largely moved to ever higher plateaus. In comparison, the rest of the world - including viable emerging markets - have flatlined. Based on cyclical probabilities, the capital return potential is higher with global names.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFinally, the Trump administration is facing its toughest domestic challenge (aside from the impeachment hearings) in 2020. Of course, I'm referring to the general election. Given that the President isn't exactly killing it in public opinion polls, the economy is crucial. A good one may secure a second term but a bad one will cripple his chances. * 7 Vaping Stocks to Get into Ahead of the Crowd Therefore, the White House has every incentive to cool its "law and order" agenda. And that may bode well for international stocks, especially considering the recent limited trade deal between the U.S. and China.With that, here are seven international stocks worth considering for the new year: International Stocks Worth a Visit: Sony (SNE)Source: Sundry Photography / For many years, international stocks originating from Japan have been an afterthought. As you know, the country has a litany of economic and social challenges that make it unattractive to conservative investors. But Japan's flagship company Sony (NYSE:SNE) has really bucked expectations. On a year-to-date basis, SNE stock is up over 43%.That said, the natural reaction is to question whether such momentum is an anomaly. To be fair, its performance over the past several years have been stilted and generally unconvincing. However, the consumer tech firm's release of the PlayStation 5 at the end of 2020 should help sustain momentum in SNE stock.While naysayers may criticize video games as being threatened by streaming alternatives, I'm not convinced. The reason is that you can substantial computing power in a physical console. And with graphics processors having improved significantly since the predecessor PS4 debuted, the PS5 should be groundbreaking. Therefore, don't give up on SNE stock just yet! Japan Airlines (JAPSY)Source: Shutterstock Typically, I don't like putting speculative names up high on my gallery slides. However, I'll make an exception for Japan Airlines (OTCMKTS:JAPSY). Unlike other major airliners like Delta (NYSE:DAL) or United Airlines (NASDAQ:UAL), JAPSY stock does not have an upward bias. Instead, shares have undulated like a roller coaster over the past five years.However, JAPSY stock may be on the upswing, possibly in the next months ahead. Tokyo will host the 2020 Summer Olympics, bringing the city and Japan into the global limelight. Furthermore, Japan already hosted the 2019 Rugby World Cup. This was not only another showpiece for the nation, but it served as a test for the infrastructural demands that will come as an Olympics host. * 10 Best Stocks to Buy and Hold Forever Obviously, the Olympics will lure millions of visitors, which is an opportunity for JAPSY stock. Plus, the country ranks among the most popular destination spots for tourists. Therefore, the chance for recurring tourism business is quite high. Adidas (ADDYY)Source: 2p2play / Among the strongest international stocks this year has been German athletic apparel maker Adidas (OTCMKTS:ADDYY). Since January's opening price, ADDYY stock has skyrocketed 53%. However, fears of a European consumer slowdown and a possible recession took the wind out its sails. But with improving relations between the U.S. and China, the Atlantic consumer may just bounce back.In such a circumstance, it would bode well for ADDYY stock and not just for broader geopolitical reasons. Instead, from the angle of its core industry, Adidas has many untapped opportunities to advantage. Better yet, management has a long-term plan to address these opportunities. For instance, the company has teamed up with singer Beyonce to launch a collection of gender-neutral shoes.Furthermore, Adidas' venture with Beyonce helps close the gap with Nike (NYSE:NKE) regarding female-consumer market share. The deal may also boost the German company's profile in Europe and China, where Nike has led in growth rate. Deutsche Post (DPSGY)Source: Shutterstock Millennials love the environment. In fact, their passion for going green extends so meaningfully that companies are actively adjusting to their demands. A company that can possibly benefit from this emerging culture and shifting mores is Deutsche Post (OTCMKTS:DPSGY). Since hitting all-time highs in early 2018, DPSGY stock has come down significantly.However, momentum could shift to the upside for 2020. Primarily, DPSGY stock has a catalyst in subsidiary company StreetScooter, which Deutsche Post acquired in December 2014. An electric vehicle manufacturer, StreetScooter specializes in eco-friendly delivery vehicles. In 2020, DHL, also under the Deutsche Post corporate umbrella, will launch zero-emission EVs in the U.S. * 7 Safe Dividend Stocks for Investors to Buy Right Now Over the past several months, I've been skeptical of the mass integration of alternative energy vehicles due to infrastructural requirements. But with individual entities, it might work out. Modern American metropolises are actively seeking ways to reduce emissions. With Deutsche Post's green focus, DPSGY stock just might see some green itself. TAL Education Group (TAL)Source: Shutterstock One of the characteristics of Asian companies is their emphasis on longer-term strategies over immediate gratification. As Harvard Business Review points out, Toyota's (NYSE:TM) patient, forward-looking approach contributed to its modern-day successes. This is one of the key reasons why I like TAL Education Group (NYSE:TAL) and TAL stock.Most lists of international stocks that have exposure to China will include the obvious names like Alibaba (NYSE:BABA) or Tencent (OTCMKTS:TCEHY). Certainly, these names have skyrocketed thanks to the thawing of the ice between the U.S. and China. However, keep in mind that TAL stock moved substantially higher well before the limited trade agreement.Why? As an after-school tutoring program, TAL stock is a bet on China's future generation. In terms of international stocks in China, I think this is a more reasonable bet. Virtually all Asian countries prioritize education, aligning with cultural and societal expectations. Thus, trade war or not, TAL has a bright future. Autohome (ATHM)Source: Shutterstock Without any recent context, China's Autohome (NYSE:ATHM) appears as a no-brainer investment among international stocks. First, ATHM stock is levered to the world's biggest automotive market. Second, Autohome specializes in providing automotive information to consumers.However, China's auto market has worryingly contracted this year. As a result, ATHM stock took a beating after peaking in the spring season.Still, the biggest catalyst for the organization is obviously the limited trade agreement. It sets the stage for a more meaningful deal later. Furthermore, the Trump administration can't afford to roll the dice with the economy. Thus, ATHM stock may enjoy some upside due to a reinvigorated consumer base. * 5 Great Year-End Financial Planning Moves One other point to keep in mind: China's car market is incredibly diverse. For instance, unlike Japan, Chinese consumers love American cars. Therefore, with so much product diversity, the demand for Autohome will likely only increase. Norilsk Nickel (NILSY)Source: Shutterstock At least in the western world, Russia isn't a very popular country. But Norilsk Nickel (OTCMKTS:NILSY) demonstrates why you can't let your emotions dictate your investing decisions. Although NILSY stock is risky because it's Russian and a mining company, it should rank highly in your list of international stocks to buy.That's because Norilsk is one of the biggest producers of the precious metal palladium. A key metal in terms of emissions control and various technologies, palladium is incredibly rare. Thus, despite the rocky geopolitics surrounding Russia, NILSY stock is an absolute screamer. On a YTD basis, shares are up 70%.Because of its rarity and incredible demand, I don't think palladium will come down meaningfully. Seemingly out of nowhere, palladium became the most expensive precious metal, exceeding the gold price by a few hundred bucks. Until we see a paradigm shift again in the commodities market, the future looks bright for NILSY stock.As of this writing, Josh Enomoto is long SNE, palladium and gold. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Vaping Stocks to Get into Ahead of the Crowd * 5 Retail Stocks That Are Winning Big This Holiday Season * Make the Shift Toward Value Stocks With These 5 Picks The post 7 International Stocks Worth a Visit appeared first on InvestorPlace.

  • Reuters

    UPDATE 2-Nike quarterly results beat, but North America disappoints

    Nike Inc's quarterly revenue and profit blew past Wall Street expectations on Thursday on strong sales in China, but lower-than-expected growth in North America, its biggest market, overshadowed the beat. The world's largest footwear maker faces intense competition from brands like Adidas, Skechers and VF Corp's Vans in North America, even as it pushes to sell exclusive merchandise through its tap-and-buy SNKRS app and retail stores. In its attempt to gain market share over rivals, Nike has collaborated with celebrities, ramped up sneaker launches and increased marketing around major sporting events.

  • Adidas and Beyonce to launch gender-neutral collection

    Adidas and Beyonce to launch gender-neutral collection

    Adidas will start selling a new collection designed with singer Beyonce on Jan. 18 in a relaunch of her Ivy Park brand that includes shoes, clothes and accessories, mostly in maroon, orange and cream. Adidas described the collection, which features on the cover of January's Elle magazine, as gender neutral. It includes jumpsuits, cargo pants, hoodies and cycling shorts, mostly featuring signature Adidas triple-stripes.

  • How to Make Money Out of Misery

    How to Make Money Out of Misery

    (Bloomberg Opinion) -- Billionaire Mike Ashley has unpacked a haul of good news from his giant Sports Direct bag, the first investors in the sportswear-to-statement jacket empire have enjoyed for a while.After a dismal showing in July — when Sports Direct International Plc first delayed its full-year earnings statement, and then accompanied it with news it faced a surprise tax bill in Belgium potentially worth 674 million euros ($750 million) — the bar for doing better was pretty low.But the group seems to be stabilizing after the tumultuous period in the wake of its acquisition of the troubled House of Fraser department store chain in August 2018.For now, Sports Direct hasn’t split out House of Fraser’s sales and profits. Instead, the storied British chain has been lumped in with the premium lifestyle division, which includes the upmarket Flannels boutiques. In the half year to Oct. 27, the unit made a loss on an underlying Ebitda basis of 5.6 million pounds, compared with a deficit of 29 million pounds in the year-earlier period.This implies House of Fraser’s losses shrunk noticeably. Tony Shiret at Whitman Howard estimates the loss at about 10 million pounds, compared with 31.5 million pounds previously.This all led Ashley to declare “green shoots of recovery” at the department store. More importantly, he also had good news for the outlook. The company now expects full-year underlying Ebitda of between 356.4 million pounds and 390.3 million pounds. That’s up by between 5% and 15% — the range the company has historically targeted — from 339.4 million pounds in the year to April 2019, excluding House of Fraser.Ashley also provided reassurance on the Belgian tax bill, saying that it won’t be such a big problem after all, and should not lead to a material charge. Finally, a 120 million-pound sale and leaseback for Sports Direct’s Shirebook campus has helped to halve net debt, which had been ratcheting up.The shares rose as much as 27%. But investors shouldn’t get too ahead of themselves. First of all, there is still work to do at House of Fraser. While the group will move forward with a number of stores under the Frasers banner — also the new name for Sports Direct — more outlets will close. Sports Direct must also convince the luxury brands to back his Frasers vision, although this should receive a boost from the Flannels offering. Brands such as Burberry Group Plc were much in evidence at Flannels’ new flagship on London’s Oxford Street.While much attention has focused on House of Fraser, it and Flannels are still a small part of the group. It is the core Sports Direct sportswear stores that drive the performance. Here sales, excluding acquisitions, fell 8.6%, as Sports Direct took the division upmarket. Revamped stores are performing well, and selling more expensive items, together with less discounting, is bolstering margins. But the group can’t let up the pace of these refurbishments. Ashley will have to convince the big sportswear brands, Nike Inc. and Adidas AG to supply it with their hottest sneakers, just at a time when Nike is becoming more choosey about who it sells to.And let’s not forget the risk of impulsive action from Ashley himself. The strategy of taking advantage of others’ misery by acquiring brands to sell in his stores is a sensible one. But the dangers of overstretch, as well as unconventional corporate governance moves, are ever present.Compared to this time last year, Sports Direct has things under more control. Investors will be looking out to see if the same can the same be said of its unpredictable founder.To contact the author of this story: Andrea Felsted at afelsted@bloomberg.netTo contact the editor responsible for this story: Melissa Pozsgay at mpozsgay@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at©2019 Bloomberg L.P.

  • Reuters

    Skechers' 'cool' value gives it room to run like Nike -Barron's

    Shoemaker Skechers USA Inc is expected to post earnings growth on pace with Nike Inc over the next three years, giving its relatively low valuation a chance of catching up, financial newspaper Barron's reported in its Dec. 7 edition. Analysts estimate Skechers' earnings-per-share will rise 15% this year and in 2020, and 12% in 2021. Skechers sells trainers, dress shoes, sandals and boots - a broader range than Nike - and has grown over the past 20 years to become the third-largest global footwear brand by revenue, after Nike and Adidas AG, the paper said.