Adidas plans Chinese expansion drive

Comment on this story


Adidas

REUTERS

A shoe of the Adidas fashion line is pictured in a Munich shoe shop.

Berlin - German sportswear giant Adidas is looking to expand beyond major Chinese cities into smaller urban centres, its top executive for the country said in an interview published Monday.

“We are currently active in 1,000 cities (in China) and by the end of 2015 we will be in 1,400,” Colin Currie told business daily Handelsblatt.

Adidas posted more than 1.2 billion euros ($1.6 billion) in China sales in the first nine months of 2013.

The company has 7,600 stores in the country, with a presence in all top cities including 200 shops in Shanghai alone.

But “two-thirds of our growth comes from smaller cities, most of which have fewer than one million inhabitants,” Currie said. - Sapa-AFP


sign up
 
 

Comment Guidelines



  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

     

Join us on

IOL-Social networks IOL-Social networks IOL-Social networks IOL-Social networks