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Adidas sets sales goal in World Cup year

19/06/2013 - 09:14

Herzogenaurach, Germany - German sportswear maker Adidas AG forecast record sales for its soccer business in 2014, aiming to retain market leadership in the sport ahead of US rival Nike Inc in a soccer World Cup year. 

Adidas and Nike dominate a market for soccer kit - replica shirts, balls and boots - estimated to be worth around 5 billion euros ($6.7 billion) annually. “It is a battle between us and Nike, not only in Brazil but the whole football world,” Adidas chief executive Herbert Hainer told reporters at a news conference at the ... 

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UK grocers sign up to label scheme

19/06/2013 - 08:51

London - Britain's major food manufacturers and retailers have agreed to follow the same system of nutritional labelling as p...

SABMiller in agreement with Kopparberg

19/06/2013 - 08:19

Johannesburg – Global breweing giant SABMiller [JSE:SAB] has signed a cooperation agreement with Swedish brewer Kopparberg ...

Formal sector employment up 0.1%

19/06/2013 - 07:57

Johannesburg - The number of people employed in the formal non-agricultural sector of the South African economy rose by about...

Woolworths to slash prices

18/06/2013 - 08:32

Cape Town - Woolworths Holdings [JSE:WHL] will cut its prices by up to 30% from August in a bid to gain market share in Afric...

Iran ramps up wheat buying

18/06/2013 - 08:30

London - Iran has ramped up its campaign to import wheat, buying more than 800,000 tonnes in two weeks in what some traders s...

US: Deloitte Consumer Spending Index rises in May

18/06/2013 - 08:10

New York – Improvements in real home prices, initial unemployment claims and real wages drove an increase in the Deloitte C...

Smartphones bloom in emerging markets

18/06/2013 - 08:04

Global smartphone shipments are expected to reach 958.8 million units in 2013, surpassing feature phone shipments for the fir...

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