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 AG    ADS   DE000A1EWWW0

ADIDAS AG (ADS)

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

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
2016 ADIDAS : Notification purs. to Article 21, Section 1 WpHG
2016DJADIDAS : Like Nike, Is Working on Subordinated-2 Hour Marathon Project
2016 PRIVATE EQUITY FIRMS EYE BANKRUPT PE : sources
2016 Private equity firms eye bankrupt Performance Sports - sources
2016DJUnder Armour Signs Deal to Supply MLB Uniforms
2016DJAsics Reaches Sponsorship Deal With Global Track Federation
2016 ADIDAS : Celebrates Sport at NYC Flagship Store Opening with Iconic Athletes
2016DJNike's Newest Sneaker Loosens Ties to Retailers Nike Inc. (NKE) -- WSJ
2016DJAdidas Plots for More Gains in U.S.
2016DJADIDAS : Plots for More Gains in U.S.
More news
Sector news : Footwear - NEC
01/09 YUE YUEN INDUSTRIAL : Sportswear retailer Pou Sheng sacks finance chief, stock d..
2016 U.S. stock market performance in 2016
2016DJAHEAD OF THE TAPE : Trump Gives 'Dogs of the Dow' Pause -- WSJ
2016DJNIKE : Profit Rises on Stronger Demand in U.S. and China -- Update
2016DJNIKE : Earnings, Revenue Beat Views
More sector news : Footwear - NEC
News from SeekingAlpha
01/12 'Just Do It'... 4 Reasons Nike Is A 2017 Turnaround Story
01/09 What's In Store For Adidas In 2017?
01/09 NIKE : Looking Ahead And Predictions For 2017
01/07 UNDER ARMOUR UPDATE : 2017 Underperformance Imminent
01/05 Donald Trump takes aim at Toyota
Advertisement
Financials (€)
Sales 2016 19 268 M
EBIT 2016 1 442 M
Net income 2016 999 M
Debt 2016 571 M
Yield 2016 1,31%
P/E ratio 2016 30,58
P/E ratio 2017 26,89
EV / Sales 2016 1,68x
EV / Sales 2017 1,54x
Capitalization 31 843 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
TrendsBullishNeutralBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 35
Average target price 147 €
Spread / Average Target -3,2%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Kasper Bo Rørsted 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 AG1.37%34 069
ANTA SPORTS PRODUCTS L..1.95%7 576
YUE YUEN INDUSTRIAL (H..-0.53%5 952
PUMA AG RUDOLF DASSLER..6.41%4 287
POU CHEN CORPORATION--.--%3 681
TOD'S SPA9.22%2 390
More Results