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Submitted URL: https://media.hubspot.com/e3t/Ctc/UB+113/d2q-Vf04/VWwKCN7p9m5dW7VvZPh4ZNmR4W2VV8NG5dyHXXN4CDgdK2-ZVTW6N1vHY6lZ3q5W4hSK564J...
Effective URL: https://edition.cnn.com/2024/04/30/business/adidas-earnings-samba-sales/index.html?_hsenc=p2ANqtz--EojV-5ktp45AUYQC62wJS...
Submission: On May 01 via api from US — Scanned from DE
Effective URL: https://edition.cnn.com/2024/04/30/business/adidas-earnings-samba-sales/index.html?_hsenc=p2ANqtz--EojV-5ktp45AUYQC62wJS...
Submission: On May 01 via api from US — Scanned from DE
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CNN VALUES YOUR FEEDBACK 1. How relevant is this ad to you? 2. Did you encounter any technical issues? Video player was slow to load content Video content never loaded Ad froze or did not finish loading Video content did not start after ad Audio on ad was too loud Other issues Ad never loaded Ad prevented/slowed the page from loading Content moved around while ad loaded Ad was repetitive to ads I've seen previously Other issues Cancel Submit Thank You! Your effort and contribution in providing this feedback is much appreciated. Close Ad Feedback Close icon Business Markets Tech Media Calculators Videos More Markets Tech Media Calculators Videos Watch Listen Live TV Sign in My Account * Settings * Topics You Follow * Sign Out Your CNN account Sign in to your CNN account Sign in My Account * Settings * Topics You Follow * Sign Out Your CNN account Sign in to your CNN account -------------------------------------------------------------------------------- Live TV Listen Watch -------------------------------------------------------------------------------- Edition US International Arabic Español Edition * US * International * Arabic * Español -------------------------------------------------------------------------------- Markets Tech Media Calculators Videos Follow CNN Business * * * -------------------------------------------------------------------------------- * World * Africa * Americas * Asia * Australia * China * Europe * India * Middle East * United Kingdom * US Politics * SCOTUS * Congress * Facts First * 2024 Elections * Business * Tech * Media * Calculators * Videos * Markets * Pre-markets * After-Hours * Market Movers * Fear & Greed * World Markets * Investing * Markets Now * Before the Bell * Nightcap * Health * Life, But Better * Fitness * Food * Sleep * Mindfulness * Relationships * Entertainment * Movies * Television * Celebrity * Tech * Innovate * Gadget * Foreseeable Future * Mission: Ahead * Upstarts * Work Transformed * Innovative Cities * Style * Arts * Design * Fashion * Architecture * Luxury * Beauty * Video * Travel * Destinations * Food & Drink * Stay * News * Videos * Sports * Football * Tennis * Golf * Motorsport * US Sports * Olympics * Climbing * Esports * Hockey * Watch * Live TV * CNN Fast * Shows A-Z * CNN10 * CNN Max * Features * As Equals * Call to Earth * Freedom Project * Impact Your World * Inside Africa * 2 Degrees * CNN Heroes * All Features * Weather * Climate * Wildfire Tracker * Video * Ukraine-Russia War * Israel-Hamas War * More * Photos * Longform * Investigations * CNN Profiles * CNN Leadership * CNN Newsletters * Work for CNN Markets DOW 37,903.29 +87.37 0.23% S&P 500 5,018.39 -17.30 0.34% NASDAQ 15,605.48 -52.34 0.33% Hot Stocks NIO NIO Inc. Sponsored ADR Class A 5.27 + 0.55 11.65% NYCB New York Community Bancorp Inc 3.40 + 0.75 28.30% AMZN Amazon.com, Inc. 179.00 + 4.00 2.29% Fear & Greed Index 40 fear is driving the US market Latest Market News Americans were paid an additional $235 billion in interest in 2023, thanks to the Fed The Fed keeps interest rates at a 23-year high for the sixth-straight meeting The Fed announced a big change today. And no, we’re not talking about interest rates Hot Stocks 40 fear is driving the US market Something isn't loading properly. Please check back later. Ad Feedback Ad Feedback ADIDAS’ RETRO-INSPIRED SHOES ARE FLYING OFF SHELVES By Jordan Valinsky, CNN 2 minute read Published 8:47 AM EDT, Tue April 30, 2024 Link Copied! Adidas Samba shoes are flying off shelves. Jeremy Moeller/Getty Images New York CNN — Adidas’ Samba and Gazelle sneakers might look like they’re from another decade, but they’re the hottest shoes on sale right now. The German sportswear company said that sales of the retro-style shoes are “very strong and growing,” helping increase first-quarter growth at the company, which is still trying to find its footing following the dissolution of its lucrative partnership with rapper Ye. Buoyed by the strength of those shoes, plus higher demand for its running, basketball and soccer shoes, Adidas registered a net profit of about $182 million through the first three months of 2024 — a sharp reversal from the same time period last year when it reported a $26 million loss. Ad Feedback The history of Samba sneakers can be traced back to the 1950s when they were worn by a German soccer team looking for a durable shoe to play on icy and snowy patches. While the actual design has been modernized, the “3-zone profile” (a.k.a. the stripes) have become a trademark symbol for Adidas. The Gazelle sneakers, which also have the three stripes, date back to the 1960s and were originally designed for indoor sports before morphing into one of the most recognizable pairs of shoes. In particular, sales in Europe soared 14%, and Adidas also had strong demand for its products in China and Latin America. North America was a sore spot for the brand, with revenue dipping 4% because of overstocked inventory at retailers. Ad Feedback “The markets are still volatile and not easy, but we feel we are making progress everywhere,” said Adidas CEO Bjørn Gulden in a release. “We will continue to ‘over invest’ into the product, into the brand, into sales and marketing to ensure continued growth.” Adidas confirmed its positive 2024 outlook, particularly with major sporting events ahead including Euro 2024 and Copa America soccer tournaments plus the Olympics. Rival Nike recently nabbed the rights to be the official kit supplier for the German national soccer teams from 2027 until 2034, bringing an abrupt end to more than seven decades of the sport’s partnership with Adidas, which spanned four World Cup wins for the men’s team. Last year, Adidas slumped to a rare annual loss, hit by the fallout from its costly break-up with rapper Ye, sluggish sales in North America and a huge tax bill. Related MORE FROM CNN Greene says she will force vote over Speaker Johnson’s ouster next week May 1, 2024 The Fed announced a big change today. And no, we’re not talking about ... May 1, 2024 A teen was found buried in a basement in New York. An ... 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