Adidas Economic Factors

Improved Essays
Adidas was established in 1924, yet as an alternate name. It was initially named as Gebrüder Dassler Schuhfabrik. Following 25 years, it named to be as Adidas which is a sports brand that everybody knows now. Adidas was established by Adolf Dassler, he was conceived in Germany in 1990 and passed on 1978. Adidas was begun in Germany and they offer a collection of items that are predominantly dons wear, sports hardware and toiletries. Adidas is likewise celebrated in teaming up with different artists, for instance Stella McCartney, Stan Smith, Y-3 and numerous more others.

Adidas has opened in numerous nations and Adidas Singapore being one of them. Adidas has its first store in Singapore in year 1994. There is a sum of 32 Adidas store outlets
…show more content…
If the economy of country is not doing well, naturally the business companies in it gets affected. In numerous retail segments, vast organisations command and hold most of the business sector. However, Singapore’s economy has been doing generally well over the past few years as it is developing at a faster pace. Singapore’s per-capita income has been the highest in ASEAN. Also, the defilement free environment underpins the business part. It is among the most focused nations. Hence, this sets an great opportunity to Adidas as economically Singapore has been doing fairly …show more content…
Adidas items pronounce in any raise, age, religion, and way of life, dependably in style with extraordinary outline in any of their item. Center in individuals who like sports and fashion, almost everyone can buy adidas items. However, Singapore still follows traditional family values. Also, the younger generation has the tendency to follow the western culture and values these days. Thus, social factor of Singapore is a opportunity to Adidas as many people are able to fit with the style that Adidas produces.

The technology in Singapore is unquestionably an open door for Adidas. Likewise, the technological advancement is one fundamental purpose behind the change in lifestyle and quality. Due to the advancement in technology, people can now search for their nearest stores, browse the catalogs online and even shop online to their convenience. The technology in Singapore is definitely praise-worthy. Also, the advancement in technology has urged multinational organisations to set up provincial operations in Singapore. Henceforth, the technological factor of Singapore is certainly an opportunity to the company

Related Documents

  • Improved Essays

    It was founded in 1895 at Bolton, Lancashire, England, United Kingdom. It has been a subsidiary of the German group Adidas since 2005. The global headquarters are located at Canton, Massachusetts, U.S. b) Rockport The Rockport Company is a manufacturer of footwear from Canton, Massachusetts. It was founded at Marlborough, Massachusetts in 1972 by Saul L. Katz and his son, Bruce Katz. But now, it also sells accessories for men and women.…

    • 705 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Adi's sibling, Rudolf went ahead to make the panther brand in 1948 after a debate with Adi. Also, another Adi Dassler, who simply happens to be the grandson of the originator of Adidas, has propelled his own particular shoe organization, A. D. One. This has practical experience in enterprise and sub-urban footwear. Meaning behind the logo The shape of three strives represents a…

    • 916 Words
    • 4 Pages
    Improved Essays
  • Great Essays

    Despite the continued uncertainty in the current economic climate, Taylor Made Computer Solutions Ltd has performed profitably over the financial years 2012 and 2013. The company’s pre-tax profit amounted to £419,673 in 2013 (a 4% net margin) which is an increase of 60% compared to 2012. Profits after tax increased by £126,367 to £337,555 in 2013. Key areas such as sales proved highly adequate with the business recording an annual turnover of £9.8 million sales, representing a 6% increase in sales. These figures reflect the continued stability of the company and due to its focus on annuity income based contracts as well as longer-term contracts, this has resulted in positive trading and financial results for the most recent year (2013) in which…

    • 1616 Words
    • 6 Pages
    Great Essays
  • Improved Essays

    Allstar Logo Case Study

    • 792 Words
    • 4 Pages

    AllStar Logo provides a great online shopping experience. In conclusion, we have beautiful options that are especially relevant with the branding of your business. Order our high quality promotional products today! 2. Increase the popularity of your company with…

    • 792 Words
    • 4 Pages
    Improved Essays
  • Great Essays

    With any great company, comes the competition that follows. Main competitors include Sam’s Club and BJ’s but Costco shows the fastest growth. These warehouses are not only available in the Unites States, but in eight countries total. It is also a ‘green’ company, taking steps to reduce its carbon footprint. The numbers tell the truth, and the truth is Costco is a company that continues to grow year to year.…

    • 1142 Words
    • 5 Pages
    Great Essays
  • Great Essays

    Swot Analysis Of Jd

    • 2774 Words
    • 12 Pages

    majority of JD consumers are young people. The other brands that have been undertaken by JD are, The duffer of St George, Nicholas Deakin’s, Canterbury of Newzealan, Kooga, Kukri and also fashion brans like Chilli Pepper, Nanny State and Sonneti. JD’s products are desired by both male and woman as they provide their products to both genders. JD is purchased by all those people who prefer to wear sports outfits on their day to day activities. Being a brand JD has been looked upon as status symbol and many youth prefer it’s products due to its newly fashionable products.…

    • 2774 Words
    • 12 Pages
    Great Essays
  • Improved Essays

    Tech Mahindra Case Study

    • 967 Words
    • 4 Pages

    The MOU had the two firms’ collaborative go-to-market strategies in various fields like cloud services, virtual dealership, smart cities, sports, entertainment, etc. This alliance being a long term strategy for TechM to expand its visibility in the afore-mentioned fields, the company saw Cisco as the holder of a key account. Cisco had previously worked with TechM on various projects to drive sustainability in social, environmental and economic fronts – using Technology as their forte. This alliance has proved to be quite profitable for both the firms, thus both view each other as key account holders in their respective businesses. With this alliance, TechM is set to cater to unique requirements of customers in the Technology field.…

    • 967 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Nike Pest Analysis Essay

    • 1115 Words
    • 5 Pages

    Nike, Inc. is associated with its quality and uniqueness. This increase in brand awareness has helped the business of Nike, Inc. to grow. They were the first company that introduced innovation in the footwear and apparel industry. The amalgamation of style with technology led the foundation of success for Nike, Inc. which continues till today (Scribd.com, 2016). The Nike Swoosh logo and their slogan ‘Just do it!’ is highly popular and recognized around the world.…

    • 1115 Words
    • 5 Pages
    Improved Essays
  • Superior Essays

    Ebay Case Analysis

    • 1652 Words
    • 7 Pages

    In eBay’s case, eBay has successfully identified the need to penetrate into Asia’s market where if it is successful, it can possibly have the largest market share worldwide. This shows that eBay’s is constantly autonomous and proactive in trying to improve its business. eBay’s founder is perhaps the best example of autonomy and innovativeness because of his action of carrying forward a unique opportunity (online auctions) and successful completion of his vision (eBay). Also, through its many acquisitions, partnerships, and investments in related and unrelated…

    • 1652 Words
    • 7 Pages
    Superior Essays
  • Improved Essays

    E-Commerce is easy and convenient for customers, which is why electronic distribution would be a perfect alternative for consumers who do not want to visit stores and opt for options such as comfortable browsing of products in home and requesting home delivery. Roku’s products are indeed available online and can be bought from multiple sources, such as Amazon or Best Buy’s online store. PROMOTION The promotional goals of the Roku company is to promote their products and shed light on the fact that the company aspires to power every TV in the world and offer the streaming service for consumers that will provide the best experience each and every time the product is used. The promotional mix for the company will include public relations, advertising, sales promotion, and personal selling. Advertising will ensure that the product and overall brand is seen by different consumers.…

    • 1509 Words
    • 7 Pages
    Improved Essays