The layoffs will affect employees at Adidas’ headquarters in Herzogenaurach, Germany, and represent nearly 9% of the 5,800 staffers it employs at the location.

The German sporting-goods company posted an operating profit €57 million in the fourth quarter compared with an operating loss of €377 million a year earlier.

Adidas AG reported better-than-expected results amid the sustained boom for retro sneakers like the Samba and more sales from its shrinking stockpile of Yeezy footwear.

The German sporting-goods company said its operating profit climbed to €1.34 billion last year from €268 million in 2023.

Adidas on Tuesday said that its operating profit jumped five-fold last year, as the German sportswear giant moves past a crisis triggered by its split from musician and entrepreneur Kanye West ...

Adidas CEO Bjoern Gulden plans to cut up to 500 jobs at the German sport retailer's headquarters in Herzogenaurach, a source ...

Adidas’ operating profit jumped five-fold last year as the German sportswear company continues to move past the turmoil from its split from musician and entrepreneur Kanye West. Its full-year ...

The company returned to operating profit, registering €57m in Q4 FY24 against an operating loss of €377m a year previously.

Adidas and Puma, two of Germany’s leading sportswear companies, are reportedly planning significant layoffs as they navigate global challenges and strive to enhance profitability. This decision comes ...

German sportswear giants Adidas and Puma have both announced they are seeking to reduce costs, including through possible job cuts, as they eye ...

Adidas exceeded its operating profit target last year after sales surged in the key Christmas quarter. The German sporting-goods company said Tuesday that its operating profit climbed to 1.34 ...

Adidas exceeded its operating profit target last year after sales surged in the key Christmas quarter. The German sporting-goods company said Tuesday that its operating profit climbed to 1.34 ...