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Posted: Mon Jan 29, 2018 8:51 am
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has closed down its wearable hardware unit, electing instead to focus on producing sports and fitness software under both its Adidas brand and as Runtastic, the fitness tracking startup it acquired in 2015. Despite its strong brand, Adidas had struggled to find market traction for its products, including a 'fitness smartwatch' called the miCoach Smart Run and the miCoach Fit Smart tracker. Like both Nike and Microsoft, the firm will now abandon wearable production and instead focus on software platforms for athletes and fitness enthusiasts. The change was hinted at last year when Stacey Burr, vice president of wearable sports electronics at Adidas said that consumers were "not going to see a new running watch from Adidas for a while". Rumours from earlier this year of a fitness tracker called the Chameleon never materialised, and Adidas' sole remaining wearable hardware project seems to be a branded edition of Fitbit's Ionic smartwatch. However, even here, Adidas' input seems to be rather minimal.
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India recorded the highest ever profit from a single financial year by clocking almost INR 95 crore in the financial year ending March 2017, which made it the leading brand in the sportswear market in India. The Drum spoke with Sean Van Wyk, senior marketing director of the Adidas brand in India, to find out what makes Adidas as the number one sportswear brand in India. He explains: "Adidas sees itself very much as the creator sports brand. Its a combination of things that makes Adidas as great as it is. So currently there is no denying that we have an unbelievable global momentum for the brand. India is able to enjoy that as well. And what's creating a lot of heat and momentum for Adidas right now is its products. All our products have got amazing innovation, fantastic technologies and the best product frankly in the market right now. We also believe that we are a brand which is closest to the consumer. "
The Nashville Predators defenceman, 28, has agreed a multi-year deal and
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