Adidas sales soar in key markets
By Ben Stevens - Nov 10th 2017, 13:47
Sportswear giant Adidas has seen group revenues across all but one of its markets grow over the last quarter.
Overall revenues grew by 12 percent to thanks to strong performance in running, outdoor, originals and neo categories. Online also performed strongly seeing revenue growth of 39 percent.
The brand saw significant growth in key markets North America and China, celebrating a sales jump of 31 percent and 29 percent respectively.
However, the picture was not entirely rosy as sales in Russia slipped 17 percent, while its Reebok brand struggled, growing just one percent.
“The company’s strategic growth areas – North America, Greater China and eCommerce – were again the main drivers of our strong top-line performance during the third quarter,” chief executive Kasper Rorsted said.
“We are even more pleased with the quality of our growth, which is clearly reflected in the exceptional profitability improvement in Q3. We delivered another set of strong results and are fully on track to achieve our ambitious 2017 financial targets.”Retail Gazette
Iceland opens world’s first supermarket ice rink
14/12/2018 - 14:05
Iceland has introduced a new concept for Christmas – shopping on ice!
Superdry blames warm weather as shares plunge on warning
14/12/2018 - 10:02
Superdry shares plunged more than a third after the British fashion chain warned on profits for the second time in less than three months, blaming unusually warm weather for hitting sales of winter jackets and jerseys.
SPAR receives global recognition for plastic initiative
14/12/2018 - 09:27
SPAR Eastern Cape achieved global recognition for their commitment to reducing plastic pollution when they received an award at the SPAR International Conference last month.
Farm and factory gate inflation slows slightly
14/12/2018 - 09:00
Falling fruit and vegetable prices helped slow producer inflation in November.
Smartphone sales growth stalls while panel TVs soar during Black Friday week 2018 – GfK data
13/12/2018 - 15:42
Panel television sales soared in South Africa during Black Friday week, climbing by 66% to just over 93,000 units when compared to the same week in 2017, according to point of sale tracking data from GfK South Africa’s Weekly Monitor. This builds on the 47% growth over 2016 recorded during the week of Black Friday in 2017.