Dec 5, 2022
Adidas: Sticking to World Cup sales outlook despite Germany's exit
Dec 5, 2022
German sportswear maker Adidas is sticking to its World Cup sales outlook of around 400 million euros ($420.92 million) despite Germany's exit from the tournament, a company spokesperson said on Friday.
Four-time champions Germany sensationally crashed out of the World Cup despite a 4-2 victory over Costa Rica in their last Group E match on Thursday, tumbling out at the first hurdle for the second consecutive time.
Germany's HDE retail association was less optimistic.
"Without the German team, experience shows that interest in fan merchandise and other World Cup items drops rapidly," HDE spokesperson Stefan Hertel said.
Four-time champions Germany crashed out of the World Cup despite a 4-2 victory over Costa Rica in their last Group E match on Thursday, tumbling out at the first hurdle for the second consecutive time.
Football shirts for the German team, which was eliminated as Japan and Spain advanced to the knockout stages of the competition, were on sale by the following day with a 50% discount on Adidas's online shop.
But the company spokesperson in Qatar, which is hosting this year's competition, remained upbeat.
"As much as we're hurt by Germany's elimination, we're benefiting from the international enthusiasm in Qatar," the spokesperson said.
Adidas, one of FIFA's seven global partners, will still be represented in the tournament on the strips of Spain, Argentina and Japan.
World leader Nike has taken nine of its 13 national teams into the next round, and one more could join. Of Puma's six teams, Senegal and Morocco have already qualified, and two others still had a good chance of doing so on Friday.
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