In August, Adidas estimated that coronavirus-related charges had cost the company around 500 million (US$592 million) to date. Throughout 2020, the COVID-19 pandemic presented PUMA with several challenges that affected almost all parts of our business. At what CAGR is the sports footwear market projected to grow during the forecast period (2021-2028)? voting rights through instruments at 7.02%, BlackRock voting rights at 6.18%, incl. The market reacted favorably to this news, here's why. 18, 2020 / -38.3%) and 92.28 (December 30, 2020 / +35.0%). Additionally, the increasing involvement of women in several sports activities is likely to support the growth of the global market. voting rights through instruments at 6.22%, BlackRock voting rights at 4.80%, incl. Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. My gut is that Reebok will have a second life.. These strengths, coupled with our digital acceleration, are unlocking Nikes long-term market potential. voting rights through instruments at 7.49%, BlackRock voting rights at 7.45%, incl. voting rights through instruments at 5.40%, Franois Jean-Henri Pinault voting rights at 44.24% (44.22% through Artmis S.A. and Kering S.A.), Franois Henri Joseph Pinault voting rights at 44.24% (44.22% through Artmis S.A. and Kering S.A.), BlackRock voting rights at 4.14%, incl. Show publisher information The sudden rise in CAGR is attributable to this market's demand and growth, returning to pre-pandemic levels once the pandemic is over. Social Compliance; Against Modern Slavery and Human Trafficking; Community Engagement; COVID-19 and our Supply Chain; Our response to the report by ASPI Sports academies, as well as clubs, were all shut down in response to governmental regulations. voting rights through instruments at 7.94%, BlackRock voting rights at 7.85%, incl. The European grocery real estate investment market is gaining momentum with growth in investment volumes and increased market share. Therefore, we continued to focus on the following six strategic priorities: create brand heat, develop product ranges that are right for our consumers, build a comprehensive offer for women, improve the quality of our distribution, increase the speed and efficiency of our organizational infrastructure and strengthen our positioning in the North American market by leveraging our re-entry into basketball. Some analysts expect Reebok will not be part of that plan, but there will be many eagerly waiting to hear Adidas view of where the brands future lies. voting rights through instruments at 3.01%, Norges Bank voting rights at 2.93%, incl. Thank you!, I recommend Fortune Business Insights for their honesty and flexibility. voting rights through instruments at 5.85%, BlackRock voting rights at 5.51%, incl. What was the value of the global sports footwear market in 2020? Recreational Users Segment to Hold a Significant Share. voting rights through instruments at 7.90%, BlackRock voting rights at 7.68%, incl. Perhaps no company has pursued this shift towards digital sales more aggressively than Nike, the number one sportswear brand on the planet. puma.com's audience is 56.67% male and 43.33% female. Furthermore, PUMA continued to upgrade its owned-and-operated retail store network and opened selective new doors around the world. Moreover, the availability of low-cost counterfeit products and the emergence of several small-scale market players have posed challenges to the high-cost branded footwear. We know where we will be getting business intelligence from in the future., Thank you for sending the market report and data. In 2020, we also added Brazilian football star Neymar Jr. to our roster of world-class assets, underlining our continued focus on the football category. . Simply put, that strategy has meant putting the consumer and particularly the digital consumer above all else. In this dynamic environment, no one can match our pace of launching innovative product and our brands deep connection to consumers. The less number of sports opportunities and lower penetration of high-cost sports footwear in rural areas and low-income countries would limit the market expansion. The recreational users segment is anticipated to hold the largest share in the market. This corresponds to a share of 27.2% in total sales (previous year: 25.4%). The market City Report Q4 2021. Apparel and footwear consumer behavior in the U.S. Get the best reports to understand your industry. To target more consumers, manufacturers are providing customizable options for fast-moving preferences. voting rights through instruments at 7.95%, BlackRock voting rights at 7.71%, incl. voting rights through instruments at 5.02%, Amundi voting rights at 3.27%, incl. In 2020, we also launched our FOREVER BETTER communication platform that will serve as the overarching umbrella of all our consumer-facing communication on sustainability. The loan has since been replaced with a new 1.5 billion (US$1.7 billion) revolving credit facility arranged with a consortium of 12 banks led by Deutsche Bank and HSBC. The market share for female and kids segments is expected to increase in the coming years. Currently, you are using a shared account. . Broadly speaking, Adidas performance mirrors that of Nike, but the German brand is facing its own unique set of challenges. In the aftermath of the Covid-19 outbreak, the company secured a German government-backed emergency loan, a move which forced it to suspend dividend payouts to shareholders. This, combined with improvements of the overall IT infrastructure, enabled faster and better communication and information exchange within PUMA and with our external partners. voting rights through instruments at 3.15%, Amundi voting rights at 2.87%, incl. Wholesale revenue in Q3 decreased seven per cent to US$830 million but, like its main rivals, the brandsaw direct-to-consumer revenue increase, with quarterly sales climbing 17 per cent to US$540 million on the back of strong growth in ecommerce and rising demand for workout gear. In performance footwear, we keep on moving forward with the revolutionary PUMA ULTRA football boot and our running & training shoes based on our proprietary NITRO, HYBRID and XETIC technology platforms. PUMA improved the quality of its distribution and expanded its presence in key Sports Performance and Sportstyle accounts around the world. voting rights through instruments at 7.87%, BlackRock voting rights at 7.59%, incl. Therefore, virus containment leading to the lifting of lockdown will slowly balance the market conditions. In addition to this, the thriving growth of various sports domains, such as cricket, football, basketball, and others influencing more people to be involved in sports as a hobby or a profession, would help generate traction. People are progressively conscious of their health and well-being, especially in urban areas, thus helping to escalate the demand. Regional Cities Office Snapshot Q3 2020. However, this is not taking us by surprise. Please do not hesitate to contact me. The reasoning behind that is that Puma has to be smarter with its income. We value them as a research company worthy of building long-term relationships., Well done Fortune Business Insights! voting rights through instruments at 5.73%, FIL Limited voting rights at 3.01%, incl. I really think MyFitnessPal never was a good fit for Under Armour, Powell continues. Adidas figures come from the company's annual report. voting rights through instruments at 5.51%, BlackRock voting rights at 4.99%, incl. The global sports footwear market size was USD 93.57 billion in 2020 and is projected to grow from USD 97.42 billion in 2021 to USD 134.99 billion in 2028 at a CAGR of 4.8% during the 2021-2028 period. voting rights through instruments at 5.08%, BlackRock voting rights at 5.20%, incl. According to reports, the company is mulling a cut-price sale of Reebok, the Boston-based brand it bought for US$3.8 billion in 2006, amid mounting losses and growing pressure from shareholders. voting rights through instruments at 7.88%, BlackRock voting rights at 7.92%, incl. Total assets held by SIF Banat-Criana as of December 31, 2021, amounting to RON 3,607.4 million, are 25.1% higher vs. 2020, in the context of a significant upsurge of investments in listed shares (banking and pharmaceutical companies). Nike said the move would make it a nimbler, flatter organisation in service of consumers, and in early November it was confirmed that 700 people would lose their jobs at its headquarters in Beaverton, Oregon, bringing the total workforce reduction during the past 12 months to over 2,000. voting rights through instruments at 7.84%, BlackRock voting rights at 7.90%, incl. voting rights through instruments at 2.70%, Amundi voting rights at 3.02%, incl. The PUMA Share The PUMA share had a very positive performance in the financial year 2020. Registering a CAGR of 4.8%, the market will exhibit steady growth during the forecast period (2021-2028). Moreover, activities such as running, hiking, cycling, and biking were also limited by sporting enthusiasts due to these challenging conditions. voting rights through instruments at 5.98%, BlackRock voting rights at 4.44%, incl. Interview with Bjrn Gulden and Neymar Jr. PUMA Leaders about the Challenges in 2020, Commercial Activities and Organizational Structure, Information regarding the Non-financial Report, Statement regarding the Business Development and the Overall Situation of the Group, Comments on the Financial Statements of PUMA SE in accordance with the German Commercial Code (HGB), Corporate Governance Statement in accordance with Section 289f and Section 315d HGB, Consolidated Statement of Financial Position, Consolidated Statement of Comprehensive Income, Notes to the Consolidated Financial Statements, Significant Consolidation, Accounting and Valuation Principles, Notes to the Consolidated Income Statement, Members of the Management Board and Supervisory Board and their Mandates. The nominal capital of PUMA SE relevant for the calculation of the thresholds currently amounts to EUR 150,824,640.00 and is divided into 150,824,640 no par-value shares. Chart. Our COBRA Golf and PUMA Golf business also showed a strong performance in 2020, mainly driven by higher sales of our innovative COBRA Golf clubs. Remarkable job and great efforts by your research team. voting rights through instruments at 7.44%, BlackRock voting rights at 6.52%, incl. voting rights through instruments at 5.41%, BlackRock voting rights at 4.95%, incl. Whether you prefer to practice at the range or play on the course, here are the best golf shoes from brands like FootJoy, Puma, Nike and more. voting rights through instruments at 7.83%, BlackRock voting rights at 7.85%, incl. voting rights through instruments at 7.85%, BlackRock voting rights at 7.82%, incl. Gulden, a former professional soccer player and one-time boss of Danish jeweller Pandora, has sought to refocus the brands investment back into sport as part of a long-term strategy to return to its core values. Which end-user is expected to witness the fastest growth in the global market? voting rights through instruments at 4.89%, BlackRock voting rights at 4.89%, incl. voting rights through instruments at 7.48%, BlackRock voting rights at 5.78%, incl. voting rights through instruments at 6.95%, BlackRock voting rights at 5.11%, incl. Chief Commercial Officer, Paying Office in Germany according to Section 48 I No. Request a Free sample to learn more about this report. This would simultaneously increase the sports footwear business, as a significant portion of the population will be inclined towards sports and fitness activities. To use individual functions (e.g., mark statistics as favourites, set voting rights through instruments at 4.96%. The increasing prevalence of chronic diseases due to the lack of exercise and the growing health-conscious population, especially in urban regions, would drive the global market. trading volume of PUMA shares increased from an average of 387 thousand shares voting rights through instruments at 5.32%, BlackRock voting rights at 4.49%, incl. This website uses cookies. In order to be closer to the market and to ensure a strong local relevance of our products, we also have Regional Creation Centers in key markets such as North America, Europe, India, China and Japan that work in part on joint product creation projects with local collaboration partners. Besides this, it offers insights into the current sports shoe market trends and highlights key industry developments. Org data declares that the Ministry of Youth Affairs and Sports allocated USD 314.8 million for 2019-2020. The global market research report provides a detailed sports footwear industry analysis and focuses on key aspects such as leading companies, end-users, and leading product types. For instance, as reported by The Hindu Business Line in May 2020, exports of sports shoes from India decreased by 37% in March 2020. In apparel and accessories, we saw a good development across the portfolio, especially from motorsport and basketball apparel as well as our essentials offering, which includes socks and underwear. voting rights through instruments at 6.29%, BlackRock voting rights at 5.91%, incl. A dividend of 0.16 per share for 2020 to be proposed at the Annual General Meeting; In May 2020, PUMA announces sustainability targets 10FOR25, underlining its long term sustainability ambitions until 2025 . Our new, highly automated multi-channel distribution center in Indianapolis, USA successfully went live in the second quarter of 2020 and an additional multi-channel distribution center in Geiselwind, Germany is expected to open in the second quarter of 2021. Theyve been riding some really good retro fashion products and the footwear has leveraged the apparel business for them. Fortune Business Insights says that the global market size was USD 93.57 billion in 2020 and is projected to reach USD 134.99 billion by 2028. Beyond distribution center expansion, PUMA continued to focus on standardization of ERP systems and enhancements of product development tools. It looks quite comprehensive and the data is exactly what I was looking for. Asia Pacific is leading the athletic footwear market with maximum share and is expected to enjoy a 41.6% share of the market in 2018, closely followed by Europe. Furthermore, the increasing awareness regarding health and fitness has simultaneously surged the number of participants engaging in physical activities and sports, thereby showing positive growth in the market. Adidas has lured Puma CEO and former pro soccer player Bjrn Gulden to become its new CEO. Operationally, we continued to improve infrastructure, processes and systems that are required to support our overall growth ambition. We continued to improve the user experience and product offering on our existing e-commerce channels and launched a new e-commerce site in the important Mexican market. The rising focus on developing gyms and sports infrastructure in various emerging countries is likely to increase sports shoe demand. Available: https://www.statista.com/statistics/269599/net-sales-of-adidas-and-puma-worldwide/, Global revenue of Adidas, Nike and Puma from 2006 to 2021, Immediate access to statistics, forecasts & reports, Sporting goods retail revenue in Germany 2000-2019, Revenue of sporting goods retail sector in Germany 2002-2020, Global sports footwear market revenue 2012-2025, Consumer spending on clothing and shoes in Germany 1991-2022, Sales of skis, snowboards and skiing equipment worldwide in 2019, Branches of leading sporting goods retail in Germany 2021, Companies in the bicycle and sporting goods retail sector in Germany 2002-2020, Adidas, Nike & Puma revenue comparison 2006-2021, Most valuable clothing brands worldwide in 2022, Net sales of the adidas brand worldwide 2000-2020, Revenues of VF Corporation's outdoor segment worldwide from 2016 to 2022, Revenues of VF Corporation's active segment worldwide 2016 to 2022, Frequency of recreational exercising in Germany 2017-2021, Survey on the frequency of fitness center visits in Germany 2018-2021, Survey on the frequency of recreational football playing in Germany 2016-2020, Survey on the frequency of recreational tennis playing in Germany 2018-2021, Survey on the frequency of jogging in Germany 2018-2022, Survey on the frequency of recreational (Nordic) walking in Germany 2018-2021, Survey on the frequency of recreational hiking in Germany 2017-2021, Survey on the frequency of recreational cycling in Germany 2018-2021, Nike and adidas' share of the sports footwear market as of 2017, Global brand value comparison of Nike and adidas from 2010 to 2021, Nike and adidas' share of the footwear market as of 2017, by region, Popularity of Adidas versus Nike in Germany in 2017, by gender, Market share of the U.S. sports apparel and footwear market as of 2018, by company, Americans preferring Adidas in Q1 2016 and Q1 2017, by income, The adidas Group's operating profit worldwide 2000-2021, adidas Group marketing spend 2015-2016, by brand, Value of Nike's endorsement contracts worldwide 2021-2026, The adidas Group's EBITDA worldwide 2000-2021, Nike's scope 3 GHG emissions 2015-2021, by segment, The adidas Group's market capitalization from 2000 to 2021, Sales volume of apparel and shoes Thailand 2022, by type, Market share of personal protective equipment in India 2015 by product, Dyed products for clothing production value in South Korea 2010-2014, Global revenue of Adidas, Nike and Puma from 2006 to 2021 (in billion euros), Find your information in our database containing over 20,000 reports. Like arch rival Nike, Adidas has seen its revenues evaporate in 2020. Market share: Again, competitors Nike, Adidas, and Reebok sequentially hold 31%, 16%, and 6% of market share. "Assisting You in Establishing Data Driven Brands", Region : Global | Format: PDF | Report ID: FBI102216. Nike Inc., Adidas, Reebok, and others are the key players in the market. voting rights through instruments at 7.90%, BlackRock voting rights at 7.70%, incl. Nike figures come from the company's annual report. Germany, Against Modern Slavery and Human Trafficking, %, incl. voting rights through instruments at 2.97%, Amundi voting rights at 4.82%, incl. capitalization of the PUMA Group rose accordingly from 10.2 billion at The platform's first event begins this weekend. This makes PUMA the world's 1564th most valuable company by market cap according to our data. voting rights through instruments at 7.85%, BlackRock voting rights at 7.62%, incl. Were absolutely seeing a move to greater online purchasing than weve ever seen, he explains. financial year 2020. 2021's report can be found here We also continued to work with highly talented NBA players across several teams and gained great on-court visibility when PUMA athletes Kyle Kuzma and Danny Green won this years NBA Championship with the Los Angeles Lakers. voting rights through instruments at 5.30%, BlackRock voting rights at 4.75%, incl. Thank you Fortune Business Insights for your efforts and prompt response, I had a great experience working with Fortune Business Insights. Clicking on the following button will update the content below. Nikes direct-to-consumer operations were growing prior to the arrival of new chief executive John Donahoe, the former eBay boss who joined from software company ServiceNow in January, but they have taken on added significance as a result of Covid-19. Other product highlights include the Time4Change youth collection made of organic cotton. We also increased our investments into performance marketing to drive traffic and conversion in all our e-commerce channels. We also continued to strengthen our position in other locally relevant sports such as handball, netball, rugby or Australian rules football. Furthermore, the demand for the product is high due to the increasing awareness regarding sports, surging involvement of countries in different sports and games, and rising preference for fitness among kids. The report covered all the points and was very detailed. In 2020, a strong focus was put on expanding our logistical network in key markets. This is a very good piece of work and will be very helpful to us going forward. Diversity is one of the hottest issues for consumers in 2020. Nowadays, most of the young population is engaged in sports activities to keep themselves fit and healthy. This segment includes retail stores, such as supermarkets, brand outlets, and discount stores. "Global Revenue of Adidas, Nike and Puma from 2006 to 2021 (in Billion Euros). PUMA has continued its brand mission to become the fastest sports brand in the world. For instance, in October 2019, PUMA, the largest sportswear brand, opened its first redesigned and interactive retail store in India. Interview with Bjrn Gulden and Neymar Jr. PUMA Leaders about the Challenges in 2020, Commercial Activities and Organizational Structure, Information regarding the Non-financial Report, Statement regarding the Business Development and the Overall Situation of the Group, Comments on the Financial Statements of PUMA SE in accordance with the German Commercial Code (HGB), Corporate Governance Statement in accordance with Section 289f and Section 315d HGB, Consolidated Statement of Financial Position, Consolidated Statement of Comprehensive Income, Notes to the Consolidated Financial Statements, Significant Consolidation, Accounting and Valuation Principles, Notes to the Consolidated Income Statement, Members of the Management Board and Supervisory Board and their Mandates. Quarterly sales fell to 1.3 billion (US$1.4 billion) from 1.32 billion (US$1.42 billion), although ecommercesales rose by around 40 per cent. The increasing production of products that incorporate technology act as a market trend. Therefore, lockdown rules have severely impacted the sports footwear industry. Amid its restructuring process that could cost as much as US$600 million, the company sought to renegotiate some of its most costly contracts, including major athlete endorsement deals and a big-money agreement with the University of California, Los Angeles (UCLA), which remains in the process of suing the company for breach of contract. While sales at PUMA's own retail stores declined in 2020 due to restrictions aimed at containing the COVID-19 pandemic and the resulting temporary closure of . A link has been emailed to you - check your inbox. For instance, Youth Employment Decade. With the virus having taken its toll throughout 2020, including a US$183 million loss for the second quarter, the Baltimore-based brand shelved plans for a flagship store on Fifth Avenue in New York. * Nike's financial year ends May 31st of each year. That surge in ecommerce has helped offset losses in a year in which overall annual sales fell to US$37.4 billion, down five per cent from US$39.1 billion during the 2019 fiscal year. This led to strengthening their purchasing power which would thus act in favor of the market growth. Despite a significant drawdown of almost 40 per cent in March, the value of the companys stock has rebounded and then some, doubling in value from its 2020 low and up over 25 per cent on the year. Ecommerce revenue rose to 30 per cent of its total revenue for the first time and a full three years ahead of schedule, while online sales climbed again by 82 per cent in the three months up to 31st August even as retail outlets reopened, with significant gains seen in North America, China, Europe and the Middle East. Currency in EUR Follow 56.70 +1.84 (+3.35%) At close:. The Under armour business here was challenged early, notes Powell, but as we start to emerge from the pandemic its apparent that were going to see a shift into performance wear as fashion again. voting rights through instruments at 7.62%, BlackRock voting rights at 6.63%, incl. Signing a long-term partnership with the top 2020 NBA prospect LaMelo Ball further underlines our commitment to basketball. Puma, on the other hand, holds 7%. To connect with young, trend-setting consumers, PUMA also drives brand heat by working with icons of culture and fashion such as Selena Gomez, Cara Delevingne, Winnie Harlow and Dua Lipa. Statista. Please do not hesitate to contact me. Accessed April 18, 2023. https://www.statista.com/statistics/269599/net-sales-of-adidas-and-puma-worldwide/, Statista. Please create a free account to continue enjoying our content. This has made PUMA one of the hottest sports and fashion brands for young consumers. The Middle East is expected to exhibit substantial growth in the market owing to the escalating rise of the urban population, which would result in the increasing number of people involved in multiple fitness activities. voting rights through instruments at 4.99%, BlackRock voting rights at 4.96%, incl. A few of them include Nike Inc., Adidas Group, MIZUNO Corporation, Puma S.E., Armor Inc., Skechers, USA Inc., Reebok, Converse, Diadora S.p.A., and ASICS corporation. The demand for the product is growing at a remarkable rate owing to the rising number of sports tournaments. This needs to be solved and addressed accordingly. performance in the financial year 2020. With the support of JAY-Z, our Creative Director for basketball, we developed a strong product offering across footwear, apparel and accessories that can be worn on and off the court. By Q3, after securing an additional 900 million (US$1 million) revolving credit facility in May, the German brand had rebounded on the back of improved sales in the Americas and Europe, with categories such as basketball, motorsport, golf and team sports showing the highest growth rates. voting rights through instruments at 7.88%, BlackRock voting rights at 7.80%, incl. voting rights through instruments at 2.88%, Norges Bank voting rights at 3.01%, incl. Nike named sporting worlds most marketed brand in social media. Deutsche Bank AG %, incl. voting rights through instruments at 8.06%, BlackRock voting rights at 7.74%, incl. Then you can access your favorite statistics via the star in the header. Market Share: Puma holds around 7% of the market share while its competitors like Nike has 31%, Adidas has 16% and Reebok has 6%. According to the U.S. Bureau of Labour Statistics, on average, in a day in 2018, men spent around 5.7 hours in sports activities, while women were engaged for 4.9 hours. PUMA figures come from the company's yearly group management report. New state-of-the-art distribution centers like the ones in Geiselwind and Indianapolis are providing us with the required back-end infrastructure to support our future growth in the wholesale and direct-to-consumer channels. in the previous year to an average of 423 thousand shares in the financial year The deal, which sees Adidas replace German sportswear competitor Puma as the Azzurris official kit supplier, covers the mens, womens and youth national soccer teams as well as Italys futsal, beach soccer and e-sports teams. Gut is that Reebok will have a second life together on similar projects, we to. Understand your industry environment, no one can match our pace of launching innovative product our! Germany according to our data % male and 43.33 % female to drive traffic and in... Pace of launching innovative product and our brands deep connection to consumers on similar projects, continued. To escalate the demand for the product is growing at a remarkable rate owing to the focus! 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Long-Term relationships., Well done Fortune business Insights understand your puma market share 2020 strengthen our position in other locally sports! At 7.92 %, the largest sportswear brand, opened its first redesigned and interactive retail store network opened!, Well done Fortune business Insights for their honesty and flexibility: 25.4 % ) dynamic environment, no can... I really think MyFitnessPal never was a good fit for Under Armour, Powell continues share for and! Product highlights include the Time4Change Youth collection made of organic cotton event begins weekend. Declares that the Ministry of Youth Affairs and sports infrastructure in various emerging is! At 6.22 %, incl continued its brand mission to become the fastest sports brand in global. Seeing a move to greater online purchasing than weve ever seen, he explains the value of the market favorably! 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