Addidas UK saw sales increase by around 26 per cent in 2021 resulting in the largest profit ever recorded for the region, after they dropped by around five percent in 2020.
According to accounts filled with Companies House, sales were £1.29 billion compared with £1 billion the previous year. Pre-tax profit rose from £23.4 million in 2020 to £39.8 million.
Addidas said that its sales had risen because of a £207.7 million jump in wholesale, £13.8 million in its retail stores and £24.7 million in online revenue.
The company said that its latest figures show a return to normal trading after the effects of the pandemic in 2020. It added that despite production issues, its general outlook remained positive.
“2022 has started with many challenges including significant rises in consumer prices and the war in Ukraine demonstrating the volatile world we live in,” said the company in its latest financial report. “In spite of the above challenges, the 2022 outlook remains positive with growth expected, but we have seen over the last few years that we need to be prepared for changes ahead.”
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Poundland significantly reduces antisocial behaviour, aggression and shoplifting with Motorola Solutions VT100 body cameras
Retail should not be a high-risk occupation. As a company, we are focused on listening to our colleagues and customers to help them with the issues they are facing in-store and so far, the feedback on our body cameras has been excellent. They act as a great visual deterrent, help to de-escalate situations and overall, this project has significantly aided our goal to make the retail environment safer.
For further information on Motorola Solutions’ retail security products, including body cameras, click here.
For further information on Motorola Solutions’ retail security products, including body cameras, click here.
Supplying demand: how fashion retailers can meet the needs of customers and still be sustainable
The fashion industry is no stranger to breaking the mould and setting trends, but the pursuit of style can come at a huge cost to the environment.
New legislation, such as the European Union's Ecodesign for Sustainable Products Regulation, will set mandatory minimums for the inclusion of recycled fibres in textiles, making them longer-lasting and easier to repair.
New legislation, such as the European Union's Ecodesign for Sustainable Products Regulation, will set mandatory minimums for the inclusion of recycled fibres in textiles, making them longer-lasting and easier to repair.
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