• Linkdin
Your go-to source for news, anytime, anywhere! Insightful industry information from the textile, apparel & fashion world with our news app Download Now Your go-to source for news, anytime, anywhere! Insightful industry information from the textile, apparel & fashion world with our news app Download Now
Your go-to source for news, anytime, anywhere! Insightful industry information from the textile, apparel & fashion world with our news app Download Now Your go-to source for news, anytime, anywhere! Insightful industry information from the textile, apparel & fashion world with our news app Download Now
Maximize your media exposure with Fibre2Fashion's single PR package  |   Know More

Adidas sale in China sees rapid growth

30 Nov '07
1 min read

Statistics indicate that in the first three quarters of 2007, the turnover of Adidas Group increased by 5 percent and the profit before the tax was up 11 percent. Company's one of the brand REEBOK touched a sales volume of 1.77 billion euros, saw a rise of 2 percent. Only TaylorMade-Adidas Golf sale dropped slightly in this period.

Although sales were sluggish in the American market, it grew by 5 percent in the European market. In Russia, Turkey and in China sale realized a rapid growth, up by 35, 40 and 45 percent respectively.

Adidas regard China as a potential market. The Group targets to achieve a sale turnover of 1 billion euros by 2010.

For the coming year, Adidas anticipates good sales. Till now, the company's orders for 2008 have recorded a growth of 16 percent compared to this year. However, for this rapid growth, company experts give credits to the two big sports pageants Beijing Olympic Games and the European Soccer Champion Cup which are due in the next year.

Fibre2fashion News Desk - China

Leave your Comments

Esteemed Clients

TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
TEXVALLEY MARKET LIMITED
TESTEX AG, Swiss Textile Testing Institute
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Taiwan Textile Federation (TTF)
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Stahl Holdings B.V.,
X
Advanced Search