Adidas is positioning its (pre-Liberation Day) Q1 results as a compelling turnaround tale, with revenue up 13 percent year over year to almost $7 billion.
The brand’s “terrace” shoes—particularly Sambas and Gazelles—have managed to transcend their athletic origins and can now be spotted on every coffee run from Brooklyn to Beverly Hills.
“Clearly, the brand’s fashion-focused sneaker strategy is paying off,” Puck’s retail expert, Sarah Shapiro, writes.“ Footwear revenue jumped 13 percent year over year compared to 2 percent growth in apparel.” But there’s risk to relying too heavily on one item…
Sarah digs into Adidas’s Sambas success, at the link in bio.
Photo courtesy of Adidas
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