Sales at Addidas UK jump by over 25%

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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