Finance Adidas is Back in The Game! Adidas has turned itself around after a crushing blow from its tie up with Yeezy.In 2023 the brand brought in a new CEO, Bjørn Gulden, who previously was at Puma.Please login to continue reading Login Mr. Gulden has worked miracles that have led the brand to issue its second profit guidance in three months. The company now expects to hit operating profits of 1 billion euros this year up from previous expectations of 700 million euros.Q2 sales rose 16% while operating profit doubled.Key Strategies: Lean into legacy bestsellers. Adidas has seen classics like its Gazelle and Samba shoes driving sales growth. Like an increasing number of brands, Adidas has realized that wholesale plays a vital role in its sales. DTC might potentially offer higher margins, but it’s not always easy to be totally self-reliant. Having other retailers pushing your product can be critical to customer acquisition.The brand said that it was reducing discounting and had lowered its sourcing costs.Markets