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)

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 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
06/22DJToday's Top Supply Chain and Logistics News From WSJ
06/19 ADIDAS : Notification purs. to Article 21, Section 1 WpHG
06/13 DGAP-DD : adidas AG english
06/08 Adidas optimistic new shoe models will drive U.S. recovery
06/07 ADIDAS : Notification purs. to Article 21, Section 1 WpHG
06/02 ADIDAS : Notification purs. to Article 21, Section 1 WpHG
05/19 ADIDAS : appoints new Managing Directors for Western Europe and Emerging Markets
05/18 ADIDAS : Appoints Managing Directors For Western Europe And Emerging Markets
05/17 ADIDAS : appoints new Managing Directors for Western Europe and Emerging Markets
05/14DJYour Shoes Will Be Printed Shortly
More news
Sector news : Footwear - NEC
06/21DJNIKE : to Sell Product Directly to Amazon -- 2nd Update
06/16DJToday's Top Supply Chain and Logistics News From WSJ
06/16DJNIKE : Fights Deflated Sales -- WSJ
06/15DJNIKE : to Cut Jobs as It Combats Sneaker Slump -- Update
06/15DJNIKE : to Cut Jobs as It Combats Sneaker Slump
More sector news : Footwear - NEC
News from SeekingAlpha
06/26 UNDER ARMOUR : Negative Signals Still Abound
06/26 NIKE, NEW STRATEGY AND COMPETITION : A Contrarian View
06/26 Under Armour Continues To Lose Popularity
06/25 Lululemon - E-Commerce And Brand Power Justify Positive Expectations
06/21 Adidas AG (ADDDF) Presents At DbAccess Berlin Conference - Slideshow
Advertisement
Financials (€)
Sales 2017 21 816 M
EBIT 2017 1 831 M
Net income 2017 1 251 M
Debt 2017 249 M
Yield 2017 1,42%
P/E ratio 2017 27,54
P/E ratio 2018 22,97
EV / Sales 2017 1,63x
EV / Sales 2018 1,48x
Capitalization 35 253 M
More Financials
Chart ADIDAS
Duration : Period :
Adidas Technical Analysis Chart | ADS | DE000A1EWWW0 | 4-Traders
Full-screen chart
Technical analysis trends ADIDAS
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 37
Average target price 185 €
Spread / Average Target 9,7%
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
Harm Ohlmeyer Chief Financial Officer
Willi Schwerdtle Deputy Chairman-Supervisory Board
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
ADIDAS12.42%39 423
ANTA SPORTS PRODUCTS L..0.22%7 998
YUE YUEN INDUSTRIAL (H..12.08%6 724
PUMA AG RUDOLF DASSLER..35.59%5 687
POU CHEN CORPORATION--.--%4 011
TOD'S SPA-3.96%2 196
More Results