Sportswear companies revenue - additional information
Nike and Adidas are the most dominant sportswear and sporting goods companies worldwide with combined revenue of almost 50 billion U.S. dollars in 2013/2014. Nike is an American corporation which was founded in January 1964 as Blue Ribbon Sports and officially became Nike, Inc. in May 1971. Its worldwide revenue in 2014 reached almost 28 billion U.S. dollars, over double the figure of 2005. There are over 850 Nike retail stores worldwide, 322 of which are in the United States. A large proportion of Nike’s income comes from footwear and revenue in this segment reached almost 15 billion U.S. dollars in 2013, in comparison to the 9.46 billion U.S. dollars generated by Adidas in the same sector.
Adidas was founded in 1949 by the German Adolf Dassler, following a rift between him and his brother Rudolf (who went on to create the sporting company “Puma”). Net sales of the Adidas brand worldwide reached 11 billion euros in 2013, making it the second largest sportswear company in the world behind Nike. The sales of the corporation can be split into three product categories – footwear, apparel, and hardware. Footwear generates the most revenue for Adidas with net sales of almost 7 billion euros in 2013. Western Europe remains the biggest market for Adidas with 32 percent of the net sales in 2013, compared to 18 percent in North America and 16 percent in Greater China.