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Adidas' Q4 Loss Rises To More Than $150M Despite Sales Growth

adidas today reported a "significantly wider" Q4 loss, "capping a tough year" for the company. adidas said that its net loss for the period ending Dec. 31 was $155.1M (all figures US), compared with a loss of $11M in Q4 '13. The company "blamed the loss on higher input costs, negative currency effects and goodwill impairment losses" of $86M, "largely related to the deterioration of the Russian ruble." adidas also registered a $91M loss "related to the sale of its Rockport unit." Q4 sales rose 6.5% to $5.5B (WSJ.com, 3/5).

SBJ Morning Buzzcast: March 18, 2024

Sports Business Awards nominees unveiled; NWSL's historic opening weekend and takeaways from CFP deal

ESPN’s Jay Bilas, BTN’s Meghan McKeown, and a deep dive into AppleTV+’s The Dynasty

On this week’s Sports Media Podcast from the New York Post and Sports Business Journal, ESPN’s Jay Bilas talks all things NCAA. Big Ten Network’s Meghan McKeown shares her insight into the Caitlin Clark craze. The Boston Globe’s Chad Finn chats all things Bean Town. And SBJ’s Xavier Hunter drops in to share his findings on how the NWSL is making a social media push.

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SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

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