adidas AG Stock

Description adidas

Adidas AG, listed on the Frankfurt and OTC markets with the symbol ADDDF, is a German multinational corporation that designs and manufactures footwear, apparel, and sports accessories. It is the largest sportswear manufacturer in Europe and the second largest in the world, after Nike.

Adidas was founded in 1949 by Adolf Dassler, the younger brother of Rudolf Dassler, who founded Puma. The company's headquarters are located in Herzogenaurach, Germany.

The company's product line includes athletic shoes, apparel, and accessories for a wide variety of sports, including soccer, basketball, running, and golf. Adidas also sponsors professional athletes and national teams, as well as major sporting events such as the Olympic Games.

In recent years, Adidas has focused on expanding its digital capabilities and improving its sustainability practices, including using recycled materials in its products and reducing its carbon footprint. The company is also investing in e-commerce and other digital channels to reach consumers directly.

As of August 2021, Adidas had a market capitalization of about €55 billion and employs over 60,000 people worldwide.

Competitors of adidas

Adidas (ADDDF) operates in the highly competitive sportswear market, and it faces competition from several well-established global brands. Some of the most important competitors of Adidas include:

1. Nike Inc.: Nike is one of the largest sportswear companies in the world and specializes in the design, development, and marketing of athletic footwear, apparel, and accessories.

2. Puma SE: Puma is a German sportswear manufacturer that produces footwear, apparel, and accessories. The company has a strong brand presence in the sports industry, particularly in the football category.

3. Under Armour Inc.: Under Armour is a leading American sportswear and accessories company that specializes in innovative athletic products designed to enhance performance.

4. Asics Corporation: Asics is a Japanese sportswear company that manufactures a range of athletic footwear, apparel, and accessories. The company is particularly known for its running shoes and is considered a leading brand in the running market.

5. New Balance Athletic Shoe Inc.: New Balance is a Boston-based company that produces athletic footwear, apparel, and accessories. The company has a strong focus on innovation and quality and has a loyal customer base in the running and walking categories.

Other notable competitors include Reebok (owned by Adidas), Skechers, and Vans. These companies are continually releasing new products, focusing on product innovation, and utilizing aggressive advertising and marketing strategies to gain market share.

Suppliers of adidas

Adidas is one of the largest global sportswear and athletic apparel companies in the world, with operations in over 160 countries. As a listed company, Adidas relies on several important suppliers for its operations, which include raw materials, manufacturing equipment, and logistics services. Here are some of the most important suppliers of the listed company Adidas (ADDDF):

1. Textile manufacturers: Adidas requires a variety of textiles to produce its products, including cotton, polyester, and nylon. Major textile suppliers include Toray Industries, Uni-Charm, and Toray.

2. Footwear component manufacturers: Adidas sources various components for its footwear from a range of suppliers, including foam, rubber, plastics, and adhesives. Major suppliers in this category include Huntsman Corporation, BASF, and Arkema.

3. Logistics service providers: Logistics service providers are an essential part of Adidas's supply chain. Major providers include DHL, UPS, and FedEx, which provide shipping and delivery services for Adidas products around the world.

4. Manufacturing equipment suppliers: Adidas use a range of manufacturing equipment to produce its products, including sewing machines, cutting machines, and printing machines. Major equipment suppliers include Brother Industries, Mitsubishi Electric, and Epson.

Overall, Adidas relies on a broad and diversified network of suppliers to support its operations, ensuring a steady supply of quality materials and components to produce high-quality sportswear and athletic gear.