E-commerce drives growth for adidas

YarnsandFibers News Bureau, 2019-08-14 10:45:00 - United States

Related Keywords: Adidas, America, Asia-Pacific, China, growth, North America, profit

United States
E-commerce drives growth for adidas

Sports group adidas has reported first-half revenues of €11.4 billion, 5% up on the figure for the first half of 2018. Operating profit increased by 13% to reach €1.5 billion.

Commenting on the results, chief executive, Kasper Rorsted, said adidas had achieved double-digit increases in revenues in two areas it had targeted for strategic growth, China and e-commerce.

There was good growth, too, in North America, an increase of 11.7% to reach almost €2.4 billion. This helped compensate for a decline of 1.7% in sales in Europe, which fell to just under €3 billion. Buoyed by China, the figure for Asia-Pacific was just over €4 billion.

Mr Rorsted said the group remains confident about achieving further growth in the second half of 2019.

Courtesy: Sports Textiles

0

Related Keywords: Adidas, America, Asia-Pacific, China, growth, North America, profit

United States
E-commerce drives growth for adidas

Sports group adidas has reported first-half revenues of €11.4 billion, 5% up on the figure for the first half of 2018. Operating profit increased by 13% to reach €1.5 billion.

Commenting on the results, chief executive, Kasper Rorsted, said adidas had achieved double-digit increases in revenues in two areas it had targeted for strategic growth, China and e-commerce.

There was good growth, too, in North America, an increase of 11.7% to reach almost €2.4 billion. This helped compensate for a decline of 1.7% in sales in Europe, which fell to just under €3 billion. Buoyed by China, the figure for Asia-Pacific was just over €4 billion.

Mr Rorsted said the group remains confident about achieving further growth in the second half of 2019.

Courtesy: Sports Textiles

0

Name Company
Mobile Country
Email Report
Verification
 


Related Keywords
Adidas America Asia-Pacific China growth North America profit

 
Let Us Know Your Need
click here icon
 
Pricewatch Enquiry
Name
Company
Phone
Email
Country
 
Word Verification
 
Prices
 
Market Intelligence
  • Polyester Intelligence
    YnFx's Polyester Intelligence Service consolidates all the information at a click. This service provides the following:
    • Daily Price Trends
    • News & Views
    • Weekly Prices on Polyester Chain
    • Price Forecast Covering 3 Regions
    • Spun Yarn Exports from India
    • Polyester Chain - Demand/Supply Statistics
 
Special Reports
 
Country Reports
  •  
    feedback button