Sportswear companies revenue - additional information
Nike and Adidas are the most dominant sportswear and sporting goods companies worldwide with combined revenue of almost 62 billion U.S. dollars in 2017/2018. 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 surpassed 30 billion U.S. dollars in 2015, over double the figure of 2005. There are over 1,150 Nike retail stores worldwide. A large proportion of Nike’s income comes from footwear and revenue in this segment was over 21 billion U.S. dollars in 2017, in comparison to the 10.36 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 19 billion euros in 2017, 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. Western Europe remains the biggest market for Adidas with 29 percent of their net sales coming from this region in 2017, compared to 21 percent in North America and 18 percent in Greater China.