国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / latest news

Adidas posts strong sales growth

By Wang Zhuoqiong (China Daily) Updated: 2016-08-06 07:41

Adidas posts strong sales growth

An adidas outlet in Huai'an, Jiangsu province. Provided To China Daily

German sports goods producer adidas AG posted a strong 30 percent sales growth in the second quarter of the year in China, the company's fastest-growing market in the world, thanks to its innovation in products that mix sports and fashion and its widespread distribution channels.

The growth was mostly driven by its sports performance products and its fashionable line of "sports style" products.

The group sales in the second quarter increased 21 percent, with growth accelerating in Western Europe at 29 percent and North America at 26 percent. Its net income from continuing operations almost doubled to 291 million euros ($324 million).

Colin Currie, managing director of adidas Greater China, said: "We continue to grow from strength-to-strength in China by providing consumers with the best in cutting-edge sports-performance and sport-inspired lifestyle products while accelerating retail expansion through the introduction and rollout of innovative new store formats."

Herbert Hainer, adidas CEO, said: "The stellar financial performance in the second quarter is proof positive that our strategy is paying off."

Adam Zhang, founder of Key-Solution Sports Consultancy, said adidas has been successful lately in developing iconic products including its Stan Smith, NMD and Yeezy Boost series - creating a sensation among consumers.

He added that its quick expansion to lower-tier cities and even counties in China has also helped its multiple brands to get more access to a wide range of consumers, especially since the popularity of sports has picked up in recent years.

Asked why Nike Inc is losing dominance in the Chinese market, Zhang said that Nike lacked innovative products in recent years to appeal to young consumers.

Similar to Nike's years of effort in building sports resources in China, adidas has also stepped up its involvement with youth soccer training.

It is collaborating with billionaire Wang Jianlin's Dalian Wanda Group Co to help develop soccer and basketball in China.

Hot Topics

Editor's Picks
...
德钦县| 莱芜市| 中阳县| 宁晋县| 久治县| 万州区| 宜春市| 且末县| 三门峡市| 固阳县| 临沧市| 阜新市| 南溪县| 北票市| 汨罗市| 孟连| 龙海市| 铜川市| 新巴尔虎右旗| 长海县| 沙坪坝区| 兴隆县| 莱州市| 崇州市| 西安市| 大化| 彰武县| 抚州市| 韶山市| 苍溪县| 措美县| 民乐县| 肃南| 深州市| 朝阳县| 如东县| 怀宁县| 鄢陵县| 汶上县| 田东县| 安乡县|