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RBC upgrades Adidas to outperform with €200 target following strong performance of shoe brands, and Terrace trend is 'proving to be a lifeline'; forecasts indicate 6% organic revenue growth expected for 2024, and 12% increase by 2025

Adidas' preliminary full-year results exceed latest expectations, sales fall 5% to €21.4M; company decides not to write off most of its Yeezy inventory, selling remaining inventory at cost would result in sales of around €250M in 2024

Under Armour names Yassine Saidi as chief product officer and president of Americas, effective Jan. 29; Saidi brings nearly 20 years of experience at brands including Adidas, Puma

Ceres' Deforestation Scorecard assesses 53 major companies across 15 industries, including Cargill, P&G, Restaurant Brands; though companies face greatest risks from sourcing deforestation-linked commodities, most lack robust no-deforestation policies

Deutsche Bank: Weight-loss drugs like Ozempic could boost sportswear brands and clothing retailers, as people in the midst of slimming down need to buy smaller sizes; analyst highlights Adidas, Puma, Inditex, H&M and Primark as potential beneficiaries

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