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News / Business / Business Briefs

Adidas sees World Cup lift despite Nike’s dominance

By Bloomberg
Published: August 9, 2018, 9:56pm

PORTLAND — Adidas got a boost from the World Cup even though some of the traditional powerhouses it sponsors, including its home country Germany, flamed out early in the tournament.

Teams supported by rival Nike — including winner France and runner-up Croatia — dominated the World Cup. But Adidas company still sold record numbers of jerseys linked to the event. That fueled a 10 percent rise in its shares on Thursday, the biggest since March.

The company’s shirt sales topped the 8 million sold in connection with the tournament in Brazil four years ago, Chief Executive Officer Kasper Rorsted said on a call with reporters.

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