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Adidas acknowledges it is hard to recruit at its headquarters near the Bavarian town of Herzogenaurach, particularly for design, marketing and digital roles, and admits it missed trends in the U.S. market, where Under Armour (UA.N) has just overtaken it as No. 2 behind Nike.

Taking into account Nike 4.1 billion currently held net cash flows and global investment options, the company is expected in the next three years of double-digit percentage U.S. shox nz 3 US9 5 Eastern Standard Time 11:40, Nike shares rose $ 2.32, to $ 90.12 per share.

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Nike’s at it again, and it’s losing millions due to a powerful anti-sweatshop campaign led by United Students Against Sweatshops, the same student movement that forced Nike to disclose its factory locations and recognize garment worker unions a decade ago. Gaudio announced on Wednesday that Adidas will open a small creative studio in New York’s Brooklyn district in 2015 to be led by three young footwear designers he has poached from Nike with a mission to explore design direction for the brand.

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This summer Cornell University followed suit, announcing it would let Nike’s contract with the university expire at the end of December, unless Nike pays its workers the money they’re owed – a major step considering Nike is the exclusive sponsor of Cornell’s entire athletics program.

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