PARIS — Adidas AG raised its profit forecast for the second time this year on Wednesday, saying earnings per share in 2010 should increase to between 2.50 and 2.62 euros, or $3.30 to $3.46 at current exchange. That’s roughly 20 percent above previous guidance.
The world’s second-largest sporting goods company — which last month released preliminary first-half results showing a big lift from the FIFA World Cup in South Africa — said it anticipates improvement in all segments, especially in company-owned retail. Sales are expected to rise at a mid-single-digit rate for the full year.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)