After 11 years of being the official apparel sponsor of the NBA, Adidas announced that it will not seek to renew its status after the 2016–2017 season. According to several reports, the announcement came about a week after the League told Adidas that it would open the bidding to other brands like Nike and Under Armour. Result: Renewing the license would have likely cost … [Read more...] about Adidas to Give Up NBA Sponsorship
Adidas
Adidas Sells More, Makes Less
The good news for Adidas is that sales of brand products in the fourth quarter increased 11% thanks to double-digit sales growth in the sport performance training and running categories. Adidas Originals and Adidas NEO product sales also jumped more than 10% during the quarter. Reebok sales grew by a more modest 1%. Overall, Adidas’s sales for the year are up by 6%. The bad … [Read more...] about Adidas Sells More, Makes Less