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Adidas makes ‘successful’ start and backtracks on Reebok
2015/5/8 10:01:31 Source: footwearbiz Author: 点击率:

German sportswear group adidas has posed a 9% increased first quarter sales on a currency neutral basis.

Group revenues grew 17% to € 4.1 billion driven by a double-digit increase at adidas as well as high-single-digit growth at Reebok.

The combined sales of the adidas and Reebok brands grew in all market segments except Russia/CIS. Revenues in Western Europe increased 11%, 7% in North America while revenues in Greater China were up 21% on a currency-neutral basis.

Group CEO Herbert Hainer said: “We got off to a successful start to the year with our adidas and Reebok brands enjoying great momentum. With our innovative performance products, fashion-driven styles and highly engaging marketing campaigns, we have excited our consumers around the world.”

He told a recent investor event he was no longer interested in selling Reebok: “We have been hammered for six or seven years for Reebok, and now we are turning it around. We would be stupid to sell it now.”

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