that is adidas. the stock is up 4%. the company has raised its revenue items and cut its expected loss for 2023. it comes as the german sportswear giant continues to sell off excess inventory of its yeezy shoes following its termination with with partner rapper kanye west. this partnership with kanye west was hanging over the face of adidas. many people were concerned they would not be able to get rid of the inventory that was on their balance sheet, but it seems like they've done a good job of it, annette. >> yes, exactly. it's the second phase of those shoes of kanye west. now that's the final one. it's actually going a lot better than expected. last autumn they cut their risk because of the comments by kanye west. they look at the outlook of what that means for the bid. to get -- still it has been weighing on the business. that partnership is no longer there, but it's less than expected. and also what adidas is saying as well is the underlying business is doing better than expected. but the new ceo since the beginnin

don't have ownership of adidas on the desk.u're in nike. >> we trimmed it earlier in the year, at the very start of the year, worries about china. we still have a core position, though, from a long-term perspective given their opportunity to go directly to their consumers and establish a relationship with their consumers. we think it's well positioned from a long-term position. we still like it. it's not super cheap, have a nice reaction after the last quarter, even on sort of disappointing sales, so we like that. expectations have come down from a long-term perspective we like it. >> expectations have come down. jim, what do you make of something like that? is that something we can broaden out and say, hey, athletic space, the consumer is much better. >> amy, you touched on china, and that's been one of the two key questions overhanging nike which i entered three weeks ago, the other inventory problems. adidas having problems with yeezy. a hangover on the space for quite some time. indications from the nike report that they're

, conditionally put it in adidas for the campus there forums.s, the owner of the jet did not change his shoes and wrote down an excuse, this is not an actor or the son of mikhail efremov, as many media thought, but a complete tyrant of his, only an entrepreneur, he says, all his products are original, but there is evidence will provide it later, clarified that he is only responsible for the authenticity of the sneakers, and not for when a hole might appear on them. if there may be any shortcomings with the couple, we unfortunately cannot answer for them in advance, however... nevertheless, i will tell you showed, the client contacted us and we will try to work out this story as much as possible, we will try to cut off all defects at the time of delivery, this does not always work out, because we have been in constant growth for the third year. and now, in constant searches , police came to stores in moscow and st. petersburg and reportedly seized 500 paravi to check the originality of the brand, which were stated on the tags. after the searches,

by comparison, adidas, i don't know if you have seen the becker thing, he calls it adidas, came in at%. on apparel runners up were american eagle and lululemon. nike scored 35%. they own the sector. of course, their numbers weren't much surprise, but here is an interesting nugget. nike's website came in at the number three spot for favorite e-commerce site behind amazon and the chinese online fast fashion retailer xian, which i've got to do a ton more for the show to get in front for you. that's down a spot from spring, but still pretty good. nike's stock had a nice bounce thanks to a better and that feared quarter. you have my blessing to own it if you're not worried about the company's explosion in china. buy some tomorrow and buy some if it drops. what else jumped out on the footwear apparel? on rung. one of the stocks we talk about all the time, one of my favorites, it was the eighth most favored footwear brand from teens, up from 12 last time. on was also the number five athletic. and crocs held steady at number 6. hey dude, was number seven. and my wife just bought yesterday als

samba with the clarks wallabee sole, so it's a triple collab between kith, adidas, and clarks [ cheersow, this might be a curveball here >> so this is the frontrunner. this, i think, is the frontrunner. it's a jordan 4 which is an iconic silhouette. [ cheers ] and it's a -- it's a a skateboarding sneaker, collab with nike sb skateboarders for nike tested it for like two years, wear tested it. and it went kinda from the basketball court back -- okay. [ laughter ] what do we think [ cheers and applause >> jimmy: i mean, that's what i'm saying, there. >> wait was this -- was this 2023 >> jimmy: no, i don't think so >> oh wait, this wasn't -- >> jimmy: no, this is from last year >> you're disqualified >> jimmy: i already -- i already lost last year [ light laughter ] was i in the top ten at least? uh, all right, sweet [ laughter ] >> we have to check. we have to check >> jimmy: yeah, we gotta check i mean, check the tape >> you're in my top ten for sure >> jimmy: i'm gonna say, get rid of these guys. i do love drake. tiffany, i think they'll do fine without winning this. [ light laughter ]

the so-called kings in law and other auto raids on cooperators, gangs in leather jackets, sports adidason of fees from commercial firms, newly minted businessmen, armed robbers attacks, section territories, becomes widespread realities. the most important thing that did not happen in the 9x in the criminal police in the criminal investigation department, we did not lose our potential, we retained that professional core of detectives, who then passed on all their experience in the future, subsequently in the two thousandths, and most importantly, probably in the nineties, this was the vector set by the head of state, our veterans felt support, they felt the correctness of their actions and moved forward, and competently, intelligently fought crime. at the beginning of the 2000s, a wave the crime that swept through the dashing nineties was brought down, but the work for the criminal investigation did not decrease. in 2001 , a crime occurs that amazed even seasoned detectives with the impudence of the criminals. from the national library, which at that time was on... valuable books , the c

assaults against co-operators, lads in leather jackets, sports adidas, collection of donations from commercialwly minted businessmen, armed robbery, division of territories are becoming widespread realities. the most important thing that did not happen in the nineties in the criminal police in criminal rossk, we did not lose our potential, we retained that professional core of detectives, who then passed on all their experience later in 2000, well, the most important thing is probably in the nineties it was right given vector by the head of state, our veterans felt support, they felt the correctness of their actions and moved forward and competently, intelligently fought crime. at the beginning of the 2000s, the crime wave that swept through the dashing nineties was brought down, but the work for the criminal investigation did not decrease. in 2001 , a crime occurs that amazed even seasoned detectives with the impudence of the criminals. and the national library, which at that time was located on krasnoarmeyskaya street, stole almost two dozen valuable books, copies were unique in their own wa

attacks on cooperators, gangs in leather jackets, sports adidas, collection of donations from commerciald businessmen, armed robbery, division of territories are becoming widespread realities. the most important thing that did not happen in the nineties in the criminal police in criminal ronsk, we did not... our potential, we retained that professional core of detectives, who then passed on all their experience later in 2000, and most importantly, probably in the nineties, this was the correctly set vector by the head of state, our veterans felt the support, they felt the correctness of their actions, and went forward and competently, competently fought crime; at the beginning of the 2000s , the crime wave that swept through the dashing nineties was brought down, but work for criminal... penalties have not decreased. in 2001 , a crime occurs that amazed even seasoned detectives with the impudence of the criminals. from the national library, which at that time was located on the street krasnoarmeyskaya, almost two dozen valuable books were stolen. the copies were unique in their kind, pri

who was even named after the sneakers mike nike, well, yes, although probably his brother was named adidasumn, every week colonel kemp, we periodically quoted him here, writes that's it, biden's idiocy it’s just a nightmare, this is a betrayal of ukraine, which means we must immediately help save it, otherwise it will lose, i read, lord, this is the same person who wrote at the beginning of this year that russia has already lost. everything is already falling apart and so on, something has changed, i feel, something has changed, at the same time, something is uneven, yes, at the same time, in this article by ben wallis, which you mentioned, indeed, the entire article is dedicated to how to help ukraine, these are the ones, the main thing is, what is it for? it was written, as i understand it, in the last two paragraphs, yes, well, ukraine should do something? of course, i understand, says zelsky, i want to think about the future of ukraine, but still, it should send young people, that means, well, students, let ’s say so, in this regard, i draw your attention to today’s article in the nrc,

the sales to price ratio, these were very high compared to competitors such as crocs and nikkei and adidas and thatis there is demand for the avo and that is what we saw the stock price drop, quite sharply when it floated —— nike. um? price drop, quite sharply when it floated -- nike.— it floated -- nike. why did they choose _ it floated -- nike. why did they choose to _ it floated -- nike. why did they choose to go - it floated -- nike. why did they choose to go public. they choose to go public back in september? why now? it is in september? why now? it is cuite in september? why now? it is quite interesting. _ in september? why now? it 3 quite interesting. there has been quite a lot of activity in the ipo market in recent months, we have seen four big ipos in the last four months, the ipo market has been very, very quiet over the last couple of years because it has not been a good environment, not been a good environment, not been what would be considered profitable, and encouraging environment to go public. so there is this feeling that things are tarting to change, this might be the ti

unfortunately, there was none of this to buy just go to the store and, like, pick up some old school adidasfortunately it was impossible, you could only make it easier , you could, yes, from the boosters somehow, and you were too small for an iron, but no, i don’t care i already communicated at that time, i communicated with them and they also urged me on, because at that time i was, it seems to me, pretty well packaged, remember how you started making music, how it all began, it all started very simply, i was in my very childhood , well, at the age of four, there, five years old, yes, ah, when we were walking there on the playgrounds, i of course liked to climb everywhere there, yes, all that , but the main story was to climb the stage and i don’t know, read poetry, sing some songs in english, that is, somehow express yourself and cut out the applause, this was somehow sewn into my consciousness right from childhood and then i went to learn to dance, uh, well, before that i knew all of tsoi’s songs by heart, and i ’m still there somewhere at a concert or... if a movie group is playing some

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just had to go to the store to buy , like , unfortunately, it was impossible to take some old-school adidasow, well, you were too small for an iron, but no , i still communicated with them at that time, they also adjusted it for me, because i was so, uh, at that time, it seems to me that i was well packaged , remember how you started making music, where did it all start? it all started very simply, i was in my very childhood , well, at the age of four, there, 5 years old, yes, ah, when we... walked there on the playgrounds, i of course liked to climb everywhere there, all this, yes, but the main thing the story was to climb onto the stage and, i don’t know, read poetry, sing some songs in english, that is, somehow express yourself and cut out the applause, this was somehow sewn into my mind right from childhood. consciousness and then i went to study dance uh well, before that i knew all tsoi's songs by heart and still uh being there somewhere at a concert or if a movie group is playing somewhere, all the lyrics immediately pop up from my subconscious by heart, this is unexpected , what's t

because then, unfortunately, there was none of this and just go to the store and buy some old-school adidase too small for an iron, but no, i anyway, i already talked to them at that time, they also adjusted it to me. that's why that at that time i was, it seems to me, pretty well packaged. remember how you started making music, where did it all begin? it all started very simply, i was in my childhood, well, at the age of four, there, 5 years old, yes, ah, we, when we walked there on the playgrounds, uh, i of course liked to climb everywhere there, there, all this, yes , but the main story was to get on stage and i don’t know, read poetry, sing like... some songs in english, that is, somehow express yourself and get applause, so this was somehow ingrained into my consciousness right from childhood, uh, and then i went to learn to dance, uh, well, before that, i knew all tsoi’s songs by heart and i’m still there somewhere at a concert or if he ’s playing somewhere - cinema group , all the lyrics immediately pop up from my subconscious by heart, this is unexpected, what is the connection with

you have some sportswear companies in china that can compete with nike, adidas. some companies were boycotted in china for bad taste advertising. the thing with lvmh, it is really a macro slowdown story. with apple, it is a market share loss story, a little more complicated. you are also seeing chinese officials, state owned companies being banned from using iphones because of the sensitivity of the issue. i think apple's china cold may be worse than lvmh's. alix: if there was something that meaningful that came in terms of stimulus to the public, do i go buy lvmh, or mi scarred by what happened earlier in the year? will it get the same boost? >> good question. it has to do with what that stimulus is focused on. if it is focused on the prophet market, that takes a long time to feedthrough to consumption. the idea that chinese consumers, when they buy luxury, they purchase a broad, there is a currency story there. their purchasing power abroad has weakened a lot. i lived in hong kong. that is a really good place to gauge the health of the chinese consumer. spendin

they will buy them from adidas, bloomberg, -- puma, h&m.s not had that big of an effect on the stocks. nevertheless, everybody is figuring out what impact we could see here and what we could see ultimately be reflected in the stock prices. i want to take you to the restaurant group. this is about mama -- there is a big gap higher, this is a chart you can see in terms of the stock price. private equity picking over the bones of a service sector struggling in so many ways. demand is there, but the cost story continues to be absolutely massive as we come out of the pandemic. some relief here for shareholders. in terms of stocks, we are going sideways. there are interesting stock stories, oil stocks seem to be doing well. the closes next. this is bloomberg. ♪ guy: i would like to think i have something interesting to tell you about equities, honestly i don't. we are really moving, right in the middle of the range. on a daily basis, the rotation continues. that is where the action continues. this is the narrative today. we definitely got a pictu

puma is down 10% and ripping into stocks like adidas. they are going into a blackout at puma they had a call last night. they had a call where they're not painting as favorable out of picture. the stock has reacted very strongly to that. it has been whipping around. coming into the close that stock down 10%. puma is how you would say it. alix: we do. i don't know why we do that. the nasdaq getting hit the hardest off 1.2% for the nasdaq 100 driven by the new said. what is interesting -- driven by lucid. we will is now down just about half a percent. nonetheless the slide has been very extreme and energy stocks have gotten hit hard. clorox is the worst performing stock within the s&p. they had a cyber attack will weigh on sales and they will see ongoing operational impacts in their fiscal second quarter so that is weighing on that name. the 10 year yield is nothing. we are definitely in a wait and see mode. you will not take any positioning into jobs friday but nonetheless, there we go. guy: we will see what happens tomorrow. the question

are youwell, his name was adidas, >> well, his name was adidas, which find really he was which i findy he was fakingwas rt but his which i find really he was fakingwas rt letter but his which i find really he was fakingwas rt letter off. his which i find really he was fakingwas rt letter off aids. name was one letter off aids. i've that. can say i've just found that. can we say that? can say that dodgy i >> fake that emma >> fake that a restaurant. >> fake that in a restaurant. it's well yeah, you're right. >> it'd have longer. >> it'd have been a longer. a longer scam to do the thing. >> , i don't think would >> yeah, i don't think it would work supposedly work in the uk supposedly he sort just getting off sort of kept on just getting off because was like sometimes because it was like sometimes it was 15, £15. was only like 15, £15. >> yeah. yeah. >> yeah. yeah. >> you know , so. but yeah, i >> you know, so. but yeah, i feel like in the uk it wouldn't do it . all right, let's go feel like in the uk it wouldn't do it. all right, let's go and check out friday's front pages. we're going

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adidas predator or whatever is. showing whatever it is. i'm showing my age because about age there because that's about 20 old. this was like age there because that's about 20 boots d. this was like age there because that's about 20 boots and this was like age there because that's about 20 boots and likeis was like age there because that's about 20 boots and like the as like age there because that's about 20 boots and like the ball(e age there because that's about 20 boots and like the ball was work boots and like the ball was like a medicine ball, like a big orange medicine ball. so this guy super strength guy had to have super strength just able shoot that just to be able to shoot that far. think, far. what do you think, cressida? sounds like cressida? i think he sounds like a top bloke. >> i don't know. i'm not a football person, as you know, but i do impression he but i do get the impression he was clean living gentleman was a clean living gentleman compared some the tales compared to some of the tales you or he

houma is really interesting, we keep a close eye on the relationship with not just houma -- houma but adidasincome is actually dropping dramatically so they actually being able to hold up european luxury, maybe not so much when you look at some of the next tier it down in terms of brands. that speaks again to the wealth aspect. some of the chart you want to keep an ion, stick with us. more exclusive interviews ahead all coming up. this is bloomberg. ♪ anna: this

get 25% off adidas... plus, kohl's rewards members save extra on toys... and cozy home finds.a smarter way to mop? introducing the new swiffer powermop. an all-in-one cleaning tool that gives you a mop and bucket clean in half the time. our new cleaning pad has hundreds of scrubbing strips- that absorb and lock dirt away, ( ♪♪ ) and it has a 360-degree swivel head- that goes places a regular mop just can't. so, you can clean your home faster than ever. don't mop harder, mop smarter, with the new swiffer powermop. were stunned will smith, one of the world's biggest movie stars, had just slapped chris rock during a live broadcast of the academy awards ceremony how unusual for will, a guy who -- i mean, on that kind of stage to do something so insane. >> absolutely. >> it's totally out of character. >> it's not him whatsoever >> do you know why he hit him? >> you know, it's not my journey. it's not my story to tell. >> but jada was at the center of the storm that night a storm that only played out behind the scenes. for viewers, the show continued without missing a beat >> i know

. >> early days, we're going back into sport in a big way, which adidas took them out of sport. you got to appreciate that. reebok, 50% is sort of classic and the other 50% is sort of performance. we'll be pushing that performance in a much bigger way. and i think you'll see some announcements here pretty soon where we'll be back on the field and back on the court. >> okay. that's a good tease. so, it does feel like david and shaq and reebok , you're going heavily into sports within apparel industry that -- >> let's be honest, if you really look at what's left of sort of the media business, what is still very big, live tv and live tv is sports. so, we are going to continue to focus on sport in a big way. >> and just this morning, authentic brands named shaq and allen iverson to newly creative president and vp roles for reebok basketball. so, it was a tease. speaking of live sports, i asked david beckham about the recent growth of the mls here in the u.s. specifically, how he lured messi to the messi to his team and th partnership with apple. >> i look back to the time i joined t

converse hangs onto the second, adidas in third, and new balance in fourth surpassing vans.nd swapped places with h&m. teens say they're spending 1% less than last year. 4% less on clothing and 3% less on shoes. inflation was second and the economy was fifth. beauty spending up 23% led by a 33% increase in cosmetic spending. e.l.f. is top cosmetic, cerave for skin care and bath&body for fragrance. teens are shopping more at off-price retailers and online, less at specialty stores, discounters, outlets and second hand. amazon dominates with 59% share. shein comes up second with just 7% share. speaking of amazon, today is the beginning of its second prime day deal event this year. while still expected to be a large shopping event, data suggests shopper interest and engagement has waned over time for these prime events. a cnbc analysis of jungle scout pricing data on a basket of products sold by amazon directly or the brands themselves on the platform found that the best price for electronics and toys is typically during amazon's summer prime sale. for health and beauty, you mi

year to date over the last year, especially if you match that up with the competitors, like nike or adidas't have as much of the international macro headwinds. they have faster growth. they're coming from a much lower base. but this stock has serious momentum. look at the comparison chart there. >> exactly. >> that's just this year. >> wow. >> year to date. >> 53-plus billion dollar market value. yeah, $54 billion market value. not that dissimilar, frankly fr from what activision's was more or less. i wasn't here for the final day of microsoft closing that deal. >> kind of anticlimactic. >> i don't know how many words i may have said about that transaction over the 22 months it took to complete it. i'm out of words now. well done, microsoft. what a gauntlet. >> we haven't mentioned amc, and the taylor swift concert film setting some records, one of the best october opens ever, biggest open for a concert film ever. they're estimating somewhere in the high 90s in terms of 95 or $97 million in opening grosses. that said, amc stock has not reflected a lot of the strength that you might expect

there is a mitten, but they wrote somehow differently, but we force they change the sign, but no adidasing , they will be like that, again, again, if you registered in english, then you’re great, and you, accordingly, you there is no need to change anything, because you have already done it a long time ago, this law is not written, that’s all it turns out that it hits those who haven’t done this for a long time, those who are not so famous, some grandees won’t change anything, well , that’s absolutely right, this is of course a complex question, i have three characteristics for this law, is it russophobia? he won’t understand anything either, you see, we, this is our russian language, and we call it whatever we want, what we want, we borrow, why do we want it that way, we want, for example, to have park city, some kind of residential complex, this is the second topic, why is it ukrainian, you know, because they come people are like that, why not a sovereign? because the russian people are a great european people, why was the ship of peter ii of the line called godestination , was he not

adidas they've because.her one so they're fighting against other and fighting against each other and if these super if you don't have these super shoes to shoes you're never going to stand hope. stand a hope. >> now i was looking back in the history a little research. history books a little research. yes. with world marathon yes. so with the world marathon record years ago, how record from 100 years ago, how much time difference do you think now and think there is between now and then in the marathon? in the marathon, 30 minutes? >> i very good. yeah. i looked at you. i heard you coming out with that and i thought it in the 80s 40 years ago. it was eight minutes. so you think 30? >> wow. i don't know. you said 100 years ago, didn't you? >> 100 years ago, i think 30, 30 minutes. 35. whoa >> wow. >> wow. >> very good harness , coleman >> very good harness, coleman you remember him? oh, yeah. the famous finish runner broke the world record in 1920. stood for three years. two hours and 35. yeah, but you can guar

corporations that signed the pledge include adidas, american eagle and many others.enblatt, the ceo and national director of the anti-defamation league. good morning. we have seen you, i don't want to say too many times in the past couple daveof days and a s of where we are unfortunately. but tell us about where you are on this. >> well, look, i think one thing i would say i think for me and i think for not just jewish people, i think all people of good conscience, i don't think the world will ever be quite the same. i think much like 9/11 i think all of us are just coping with the humanitarian crisis, you know, the loss of life is just horrible. i would also say that what's interesting for me is like seeing the president speak yesterday so convincingly and so clearly about the evil of hamas, about the total unspeakable horror that happened, what's interesting is to see his clarity and then the lack of moral clarity in so many other spheres is hard to cope with. >> you are now asking corporations to sign this pledge, this document. >> we are. >> tell me what's happen

even named after the sneakers mike nike, well , yes, but although, probably, his brother was named adidasallis, which you mentioned, indeed, the entire article is devoted to how to help ukraine, this is the main thing with... why it was written, as i understand it, in the last two paragraphs, well, he says, yes, well, ukraine should do something, i of course understand, says zelsky , i want to think about the future of ukraine, but still it should send young people, that means, well, that is, students, let’s say so , in this regard, i draw your attention to today's article in the nrc, where they provide a report from a refugee center for ukrainians, you always monitor migration flows, and for your information, there is a sharp influx, now, a sharp influx of ukrainian migrants, that is, the netherlands, well , now we have seen in utrecht, specifically the mayor of the mayor of utrecht , she took journalists through this center, twice as many people have now been accepted than this center can accept, she says, 99% of the places in the dutch centers for refugees, for ukrainians are filled, t