Adidas says demand for Samba shoes far outstrips supply
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Adidas AG (ADDYY) sees 'extraordinary demand' for Samba shoes, visibly higher interest for fall/winter 2024 range
November 8, 2023 8:15 AM ESTAdidas AG (OTC: ADDYY) reported third-quarter earnings Wednesday, with revenue in all regions other than North America edging slightly higher.
The sportswear giant revealed total revenues declined 6% to 5.999 billion in the third quarter from 6.408 billion in the same period last year.
However, the company said it sees the interest in its brand and products increasing in all markets, with a "visibly higher interest from retailers for the sell-in" for its Fall/Winter 2024 range.
The business also noted "extraordinary demand" for its... More
