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#Login Register
adidas 97% drop in profits?
  • 0 Vote(s) - 0 Average


05-05-09, 10:42 AM #1
manus wears 'em every day *****
Status: Offline Posts:1,321 Threads:19 Joined:Jul 2006 Reputation: 8
Did I just hear the news story on the radio correctly? I just heard that adidas has had a 97% drop in profits in the first quarter of this year.

EDIT - I did hear correctly. They are now talking about restructuring the company, closing offices and stores. Gulp. Hope that doesn't affect anyone on here.

05-05-09, 10:47 AM #2
mr.pure Cold Blooded Murderator. *******
Status: Offline Posts:15,775 Threads:176 Joined:Sep 2005 Reputation: 257
Yeah, you heard right.
It's a massive company nowadays though and a large part of it is Salomon.
Would've been worse if BL hadn't turned up though as all his purchases happened in the last financial year.



05-05-09, 11:49 AM #3
streak now an admin.. apparently *******
Status: Offline Posts:8,433 Threads:182 Joined:Jan 2006 Reputation: 188
Laughing

" shocking cock-up, the mice were furious "

05-05-09, 01:04 PM #4
Sweet_Kicks adidas *****
Status: Offline Posts:2,553 Threads:19 Joined:Oct 2007 Reputation: 329
Most of the restructure has already taken place, the Bolton office for Reebok closed last week, and all the sales/marketing functions came up to Stockport, and the apparel design side moved over to Canton in the states.
Salomon was sold off a few years ago to Amer (a Finish company).

If you have £5 and Chuck Norris has £5, Chuck Norris has more money than you.

05-05-09, 01:17 PM #5
mr.pure Cold Blooded Murderator. *******
Status: Offline Posts:15,775 Threads:176 Joined:Sep 2005 Reputation: 257
Ooops, my bad.



05-05-09, 01:17 PM #6
Sweet_Kicks adidas *****
Status: Offline Posts:2,553 Threads:19 Joined:Oct 2007 Reputation: 329
Decided we knew shit about winter sports Laughing

If you have £5 and Chuck Norris has £5, Chuck Norris has more money than you.






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