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Sportswear Giant Announces Unexpected Increase in Forecasts - Research and Markets
The increased forecast comes as a boost to Adidas, who are experiencing rising costs and a market share battle with main rival Nike Inc. and a number of smaller competitors. Adidas' net profits rose from €642 million in 2014 to €720 million in 2015, and the sportswear maker is hoping to use the Euro 2016 football championships and Olympic Games to showcase the brand and further increase demand and profits.
The increased sales could have a positive effect on a number of related markets, such as the global apparel and footwear market. This particular market is expected to grow with a CAGR of 6.28% by 2019 according to an industry report. It could also have a positive effect on the global sports equipment market, which is forecast to grow with a CAGR of 3% by 2020, as noted in a recent report.
For further information on this topic, and a full list of all related documentation, please visit the Sportswear section at http://www.researchandmarkets.com/rm/LMNR.
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1. Source: http://www.ft.com/intl/cms/s/0/de198ae8-d0a5-11e5-92a1-c5e23ef99c77.html#axzz3zs8IWIma [ http://www.ft.com/intl/cms/s/0/de198ae8-d0a5-11e5-92a1-c5e23ef99c77.html ]