Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Xetra  >  Adidas AG    ADS   DE000A1EWWW0

ADIDAS AG (ADS)

Delayed Quote. Delayed  - 08/26 05:35:04 pm
153.55 EUR   +0.95%
08/26 ADIDAS : Passing the baton after good, long run
08/26 Passing the baton after good, long run
08/25 ADIDAS : Notification purs. to Article 21, Section 1 WpHG
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Adidas sues Big 5 over alleged sneaker knock-offs

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/16/2012 | 11:25pm CEST

Adidas AG has sued to stop a U.S. sporting goods retailer and a skateboarding equipment maker from selling sneakers with three parallel diagonal stripes, a design it said looks too much like its own.

The world's second-largest sporting goods company claimed that sneakers made by World Industries Inc and sold by Big 5 Sporting Goods Corp are knock-offs that infringe many Adidas trademarks.

Adidas first used the three-stripe motif in 1952 and began trademarking it in the United States in 1994.

World Industries could not immediately be reached for comment. Big 5, which has roughly 407 stores, did not immediately respond to a request for comment.

The stripes on World Industries' sneakers resemble those on Adidas' sneakers, but with tips shaped like arrows. Adidas attached to its complaint a Big 5 ad with adjacent World Industries and Adidas sneakers bearing a three-stripe design.

"World Industries' merchandise is likely to cause consumer confusion, deceive the public regarding its source, and dilute and tarnish the distinctive quality of Adidas' Three-Stripe Mark," Adidas said.

Adidas filed its complaint with the U.S. District Court in Portland, Oregon, where the German company's Adidas America unit is based. It seeks to halt the sale of infringing sneakers, the destruction of the sneakers, and money damages.

World Industries is based in Costa Mesa, California, and Big 5 in El Segundo, California.

Adidas has in recent years filed similar lawsuits against other retailers including Wal-Mart Stores Inc, which it said sold knock-off sneakers with two or four parallel stripes.

In 2008, a federal judge awarded Adidas $65.3 million in its trademark case against Payless ShoeSource Inc, reducing an earlier $305 million award by a jury. The companies later reached a confidential settlement, court records show.

Nike Inc and Asics Corp are among Adidas rivals to file lawsuits to protect their respective designs.

The case is Adidas America Inc et al v. World Industries Inc et al, U.S. District Court, District of Oregon, No. 12-00859.

(Reporting by Jonathan Stempel in New York; Editing by Kenneth Barry)

By Jonathan Stempel

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ADIDAS AG
08/26 ADIDAS : Passing the baton after good, long run
08/26 Passing the baton after good, long run
08/25 ADIDAS : Notification purs. to Article 21, Section 1 WpHG
08/22 ADIDAS : Reebok india wants to grow in fitness, sports
08/18 ADIDAS : Patent Issued for Sports Glove with 3-Dimensional Finger Portion (USPTO..
08/18 ADIDAS : implements first activities as part of the ‘Wir Zusammen’ i..
08/17 ADIDAS : sprints to Cherokee
08/15 DANGER OF THE UNKNOWN : Asian Supply Chains at High Risk for Corruption and Slav..
08/12 ADIDAS : Notification purs. to Article 21, Section 1 WpHG
08/06 Adidas posts strong sales growth
More news
Sector news : Footwear - NEC
08/18DJNIKE : Forms Supply-Chain Pact With Apollo -- Update
08/18DJNIKE : Forms Supply-Chain Pact With Apollo
08/15 PERFORMANCE SPORTS : raises default concerns, shares slump
08/04DJMARKET SNAPSHOT : U.S. Stocks Step Modestly Higher After BOE Rolls Out Stimulus
08/04DJNIKE : to Stop Making Golf Clubs, Balls
More sector news : Footwear - NEC
News from SeekingAlpha
08/24 Skechers Can't Run Faster Than Competition
08/20 Foot Locker Shares Have More Upside
08/11 Adidas plans for 2017 debut of next-gen factory in U.S.
08/09 Will Nike Reach $50 Billion By 2020?
08/06 adidas AG ADR 2016 Q2 - Results - Earnings Call Slides
Advertisement
Financials (€)
Sales 2016 19 170 M
EBIT 2016 1 415 M
Net income 2016 962 M
Debt 2016 626 M
Yield 2016 1,29%
P/E ratio 2016 31,72
P/E ratio 2017 27,91
EV / Sales 2016 1,71x
EV / Sales 2017 1,56x
Capitalization 32 125 M
More Financials
Chart ADIDAS AG
Duration : Period :
adidas AG Technical Analysis Chart | ADS | DE000A1EWWW0 | 4-Traders
Full-screen chart
Technical analysis trends ADIDAS AG
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 35
Average target price 142 €
Spread / Average Target -7,3%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Herbert Hainer Chief Executive Officer
Igor Landau Chairman-Supervisory Board
Glenn Bennett Head-Global Operations
Robin J. Stalker Chief Financial Officer
Willi Schwerdtle Deputy Chairman-Supervisory Board
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
ADIDAS AG70.78%35 964
YUE YUEN INDUSTRIAL (H..25.70%7 176
ANTA SPORTS PRODUCTS L..-7.04%6 374
POU CHEN CORPORATION--.--%4 381
DECKERS OUTDOOR CORP41.82%2 145
TOD'S SPA-25.26%2 023
More Results