Good news for adidas as they just announced that they’ve experienced major sales growth for Quarter 3 of 2017.

adidas announced that sales in North America are up 31 percent, topping the $1 billion mark. The 31 percent increase was thanks in large part to the E-commerce success of the company as sales from that channel went up 39 percent.

In addition, adidas also announced that it sold in 1,500 more branded retail locations over the past year.

“This was another really, really strong quarter,” said Adidas North America President Mark King. “We feel like the investments we’ve made over the past couple of years are allowing us to have really solid, sustainable growth.”

The adidas Originals category was up 22 percent in Quarter 3. Modern models such as the NMA end up making half of its business.

That being said, a cause for concern is the fact that Q3 sales grew half as quickly as in the last quarter. However, overall sales still increased 9 percent and the company credits improved operations for a 35 percent bump in net income. Earnings per share also rose by 33 percent.

 

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Good news for adidas as they just announced that they’ve experienced major sales growth for Quarter 3 of 2017.

adidas announced that sales in North America are up 31 percent, topping the $1 billion mark. The 31 percent increase was thanks in large part to the E-commerce success of the company as sales from that channel went up 39 percent.

In addition, adidas also announced that it sold in 1,500 more branded retail locations over the past year.

“This was another really, really strong quarter,” said Adidas North America President Mark King. “We feel like the investments we’ve made over the past couple of years are allowing us to have really solid, sustainable growth.”

The adidas Originals category was up 22 percent in Quarter 3. Modern models such as the NMA end up making half of its business.

That being said, a cause for concern is the fact that Q3 sales grew half as quickly as in the last quarter. However, overall sales still increased 9 percent and the company credits improved operations for a 35 percent bump in net income. Earnings per share also rose by 33 percent.

 

The post adidas North American Sales Up 31 Percent For Quarter 3 appeared first on KicksOnFire.com.

Comments are closed.