Adidas to Close Robot-Staffed ‘Speedfactories’
The company had seen the two futuristic shoe plants in Germany and the U.S. as a way to "reinvent manufacturing."
Converging Technologies Will Lead to ‘Continuous Auditing’
Technological advancement also promises huge strides for many industries but perhaps a dire fate for others, a futurist tells accountants and auditors.
Foot Locker Shares Dive on Big Earnings Miss
The company's CEO faults its suppliers for its Q2 results, saying there was "limited availability of innovative new products in the market."
Nike Sales Just Didn’t Do It in Third Quarter
Revenue missed analysts' estimates but CEO Mark Parker believes the shift to online shopping "represents a tremendous opportunity for Nike."
S&P Strips Under Armour of Investment-Grade Rating
The sports apparel company's credit rating is cut to 'junk' level on weakening margins and 'intense competition.'
Fitbit CFO’s Heart Is Pumping
Bill Zerella feels that Fitbit will grow fast enough to keep pace with Apple and other looming competitors.
Nike Settles $10M Suit Against Ex-Designers
Footwear giant had alleged three designers stole trade secrets to help them open a design studio for Adidas.