Home / Knowledge / News / Apparel/Garments / Adidas unveils new business plans for three key categories
Adidas unveils new business plans for three key categories
25
Jun '15
Adidas, which had earlier this year announced its 2020 strategic business plan, has now unveiled an additional business plan for three of its key categories, namely, Football, Running and Originals.

Within this new framework, each of the categories has been assigned a clear role and specific goals in order to achieve the significant improvement targeted in the Group's top and bottom line.

In a press release, the German company informed that while Adidas Football and Adidas Originals aim to lead in every market by 2020, Adidas Running is targeting significant market share gains in coming years.

Between 2015 and 2020, Adidas intends to expand its football business at a mid-single-digit rate on average per year on a currency-neutral basis, outgrowing the market and further strength its position.

In order to drive brand loyalty among football consumers, the focus will be on bolstering the footwear part of the business.

“This will be supported by a completely new product line-up as reflected in the recently introduced key footwear franchises 'X' and 'ACE',” it added.

In case of Adidas Running, it expects currency-neutral sales to double by 2020, by strengthening its positioning in the area of 'energy running'.

Adidas Running will significantly increase its presence in global key cities with the objective to bring 'energy' to consumers in a holistic approach from the product range to runners.

A particular focus will be put on the North American market where Adidas targets significant market share gains over the next five years by establishing two creation hubs for the category in the market.

In addition to Boston, runbases will be established in both Los Angeles and New York City for runners and their communities to experience the best Adidas Running has to offer.

“Crafted and designed for the needs of the local urban runners, the runbase inhabits the space where running and culture connect,” the sports goods and sportswear marketer explained.

For Adidas Originals, the company forecasts currency-neutral sales to increase by 50 per cent by 2020 and aims to become to be the most influential and connected sportswear brand in street culture by 2020.

According to Adidas, the sub-brand will drive its business by focusing on a thorough lifecycle management of a limited number of global footwear franchises including Stan Smith, Superstar and Tubular.

“By 2018, the major product families are expected to generate the majority of the overall Adidas Originals footwear revenues, allowing Adidas to be more impactful and efficient at the same time,” it noted.

In addition, Adidas Originals will significantly expand its business with key sneaker accounts as well as its own direct-to-consumer channel and will also open flagship stores in more than 30 cities around the globe.

The company expects those new flagship stores to create halo effects and elevate the Adidas Originals business globally. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 29th Apr 2017

EU rules needed to curb textile worker exploitation: MEPs

European Union (EU) rules are needed to oblige textile and clothing...

Apparel/Garments | On 29th Apr 2017

US retail operating growth to be 1.5-2.5% in 2017: Moody's

The forecast for operating income growth in the US over the next 12...

Interviews View All

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X