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

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

ADIDAS (ADS)
Mes dernières consult.
Most popular
Report
Real-time Quote. Real-time Tradegate - 12/18 09:59:59 pm
173.571 EUR   +0.77%
12/14ADIDAS : A trend reversal is in sight
12/06 Luxury brands lifted by EU court backing for online sales ban
12/06 Luxury brands lifted by EU court backing for online sales ban
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

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 CET
File photo of Iranian woman walking past a window of an Adidas store in northern Tehran

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
12/11 ADIDAS : New Reebok All Terrain Work Fuses Rugged Trail Running with Work Footwe..
12/06 Luxury brands lifted by EU court backing for online sales ban
12/06 Luxury brands lifted by EU court backing for online sales ban
12/05 ADIDAS : New Reebok ZPrint Work Brings 3D foot-mapped Technology to Work Footwea..
12/04 ADIDAS : Notification purs. to Article 26 Section 1 Sentence 2 WpHG
12/04 ADIDAS AG : Publication of acquisition or disposal in respect of own shares acco..
12/02 Adidas expects big boost from soccer World Cup
11/29 ADIDAS AG : Notification and public disclosure of transactions by persons
11/24 Brands pull YouTube ads over images of children
11/21DJUNDER ARMOUR : Footwear Chief Peter Ruppe to Depart
More news
News from SeekingAlpha
12/07 Nike - This Is A Good Sign
12/05 Is Skechers Still Worth Buying?
11/20 Adidas eyes new forms of competition
11/17 Foot Locker - First Thoughts After Q3
11/15 Adidas Continues To Impress
Financials (€)
Sales 2017 21 418 M
EBIT 2017 1 980 M
Net income 2017 1 279 M
Finance 2017 69,2 M
Yield 2017 1,43%
P/E ratio 2017 26,97
P/E ratio 2018 21,58
EV / Sales 2017 1,68x
EV / Sales 2018 1,51x
Capitalization 36 037 M
Chart ADIDAS
Duration : Period :
adidas Technical Analysis Chart | ADS | DE000A1EWWW0 | 4-Traders
Technical analysis trends ADIDAS
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 41
Average target price 200 €
Spread / Average Target 16%
EPS Revisions
Managers
NameTitle
Kasper Bo Rørsted Chief Executive Officer
Igor Landau Chairman-Supervisory Board
Glenn Bennett Head-Global Operations
Harm Ohlmeyer Chief Financial Officer
Willi Schwerdtle Deputy Chairman-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
ADIDAS14.72%42 340
ANTA SPORTS PRODUCTS LTD44.90%11 485
PUMA AG RUDOLF DASSLER SPORT48.67%6 577
YUE YUEN INDUSTRIAL (HOLDINGS) LTD4.09%6 188
POU CHEN CORPORATION--.--%3 651
DECKERS OUTDOOR CORP37.17%2 428