Adidas announced that its global football business is expected to reach new record sales of €2.5 billion in 2016, representing a 13.6 percent gain over €2.2 billion in 2015. Adidas noted that one year after relaunching its football footwear offering, the brand is reporting market share gains across Western Europe, especially in key cities.
We are on track to achieving sales of €2.5 billion with football products this year. “This marks a new record for our brand and manifests our leading position in football globally,” commented Herbert Hainer, adidas Group CEO. “I am proud to report that our complete re-start of the football footwear business twelve months ago is paying off: we have gained market share in key markets and our footwear offering is resonating well among our young target audience.“
Looking at market share, adidas Football footwear had the clear lead across Western Europe’s top five markets in Q1/2016. In Western Europe’s five key cities (London, Paris, Barcelona, Milan, Berlin), adidas also claimed the leading market position in March 2016.
Fuelled by the ongoing UEFA EURO 2016, where adidas is the official partner, and the Copa América, where a number of key adidas federations and players are also in action, adidas Football expects to achieve new record sales in 2016. This marks a double-digit increase following a strong year for Adidas Football in 2015 (2015 sales: €2.2 billion).
On a product level, adidas plans to sell more German jerseys than in 2012 (2016: 1.3 million jerseys compared to 1 million in 2012).
“Our football consumer is constantly looking for newness. These young players expect fresh innovations, products and colourways on a regular basis, especially in footwear,” added Markus Baumann, General Manager Adidas Football Commented football Herbert Hainer, Adidas Group CEO.
This marks a double-digit increase following a strong year for Adidas Football in 2015 (2015 sales: €2.2 billion). On a product level, Adidas plans to sell more German jerseys than in 2012 (2016: 1.3 million jerseys compared to 1 million in 2012). [Source: sport one source]