在时尚世界，House Code（品牌法典）至关重要，它是任何一个悠久历史的品牌赖以生存和发展的核心基因与规则体系，是在创始人精神的基础上，经过数 十年甚至上百年沉淀而成的、一套关于"我们是谁"以及"我们如何做事"的终极答案。 House Code的构成要素很多，显眼如品牌logo、标志性产品、核心工艺和材质，隐藏的要素是核心身份，是品牌的精神与价值观。前者是品牌与外界沟通的 介质，是品牌的"卖相"，但后者则确保了品牌在市场潮流变化之下，仍能保持与当下世界的相关性。 成立至今逾76年的阿迪达斯早已经将触角伸向专业运动之外的时尚领域，也正在以本地化思路再次诠释其品牌的核心House Code之一——标志性的三条纹。 用潮流重塑专业， 阿迪达斯离年轻人又近了一点 10月16日晚，阿迪达斯压轴登上上海时装周压轴舞台，整场大秀以POWER OF THREE为灵感核心，展示百余套造型，延展出对应品牌创新方向的三重板 块：运动的速度、东方的节奏、街头的自我表达。 在更偏女性向的时尚领域，阿迪达斯也频出本土爆款。以设计师Yuanhui做的花苞裙为例，花苞裙2.0版创新加入舒适打底裤设计,对单品进行在地化改造，有 效解决了日 ...

10月11日，阿迪达斯全球首席执行官比约恩·古尔登飞抵北京，开启为期三天的访华行程，这已经是他 2023年1月就任该职位以来的第四次访华，足见其对中国市场的重视。 比约恩·古尔登此次行程安排紧凑，三天跨两城。在北京与国家体育总局局长、中国奥委会主席高志丹 会见后，他于当天下午飞抵上海。10月12日，比约恩·古尔登出席了第37次上海市市长国际企业家咨询 会议。次日，他先后考察了上海安福路三叶草全球旗舰店和南京东路品牌中心，并在上海交通大学举办 讲座，与上海交通大学足球、中长跑学生队员交流，随后接受媒体采访后于当晚返回德国。 从采访中可以发现，全球CEO"特种兵"行程的背后，是中国市场在阿迪达斯的全球化布局中已经成为举 足轻重的部分。一方面，阿迪达斯总部对中国团队给予充分的信任和支持，深度推行本土化发展，全球 CEO需要与本地团队密切沟通，以准确了解这一市场；另一方面，中国市场已不仅仅是品牌的重要消费 阵地，更成为全球创新的"策源地"之一，源自中国团队的产品设计理念、运营方案等，正反向输出至全 球市场。 根据2025年上半年阿迪达斯的财报，阿迪达斯大中华区实现营收18.27亿欧元，同比增长13%，占全球 总营收的 ...

Group 1 - Adidas reported a revenue of €12.105 billion for the first half of 2025, a 14% year-on-year increase, with an operating profit of €1.2 billion, up 70% [1] - The Greater China region has shown consistent quality growth for nine consecutive quarters, with a revenue of €798 million in Q2, representing an 11% increase, and €1.827 billion for the first half, a 13% increase [1] - The CEO emphasized the effectiveness of the localization strategy, which focuses on understanding local needs and enhancing product performance and fashion [1][2] Group 2 - The Chinese creative team has been increasingly active since 2022, focusing on product design, brand marketing, and supply chain collaboration under a strong localization strategy [2][4] - The aim of the reforms is to regain consumer trust in Adidas, with a focus on product strength as the key to consumer engagement [4] - Adidas has been integrating its historical brand elements with Chinese cultural elements, enhancing emotional resonance with consumers [7][9] Group 3 - The Chinese consumer market has shifted from brand-oriented to self-expression, prompting Adidas to adjust its product offerings accordingly [9] - The running business has become a significant highlight for Adidas in Greater China, contributing nearly 30% growth in global running shoe sales in Q2 2025 [10] - Adidas is responding to more segmented consumer demands, with a growing number of "China-first" creative products launched monthly [12] Group 4 - The concept of "rapid and precise" product launches is emphasized, with a focus on creating products that resonate with consumers while also generating buzz [14] - The strategy includes hidden product releases in flagship stores to create a sense of discovery for consumers [16] - Social media plays a crucial role in understanding consumer needs and driving product innovation [17][20] Group 5 - The localization strategy has empowered local teams, with over 80% of products produced in China and more than half designed locally, indicating a shift towards local talent development [20][22] - The CCS team aims to become a platform for creative talent in China, fostering a connection with consumers through co-created products [22]

Core Insights - Adidas continues its growth momentum, reporting a global revenue of €12.105 billion in the first half of 2025, a 14% year-on-year increase, with operating profit reaching €1.2 billion, up 70% [1] - The Greater China region has shown "quality growth" for nine consecutive quarters, with Q2 revenue of €799 million, an 11% increase, and a total of €1.827 billion for the first half, a 13% rise [1] - The CEO emphasizes the effectiveness of the "localization" strategy, which has been a key focus since Adidas's rebound in 2023 [1] Financial Performance - In the first half of 2025, Adidas achieved a revenue of €12.105 billion, marking a 14% increase compared to the previous year [1] - Operating profit for the same period reached €1.2 billion, reflecting a significant 70% growth [1] - The Greater China region contributed €1.827 billion in revenue for the first half, with an 11% increase in Q2 revenue [1] Localization Strategy - The localization strategy has been pivotal in driving growth, with a focus on understanding local consumer needs and enhancing product offerings [1][22] - The Greater China team has been empowered to make decisions, allowing for greater flexibility in responding to market changes [22] - The creative team in China has been increasingly involved in product design, with over 80% of products produced locally and more than half designed in China [22] Product Development - The Shanghai Creative Center (CCS) has become a key player in product design, focusing on creating products that resonate with Chinese consumers [5][20] - Recent product launches have emphasized a blend of Adidas's historical elements with contemporary Chinese influences, enhancing emotional connections with consumers [9][20] - The running category has emerged as a significant growth area, contributing nearly 30% to global running shoe sales in Q2 2025 [12] Consumer Engagement - Adidas is adapting to the evolving Chinese consumer landscape, shifting from brand-driven to consumer-driven approaches [11] - The brand aims to balance proactive marketing with real-time consumer feedback to create products that reflect individual expression [11] - The introduction of "first launch" products has been a strategy to engage consumers and create memorable experiences [14][16] Future Outlook - The CCS aims to become a platform for creative talent in China, fostering local design and innovation [25] - The brand's commitment to local production and design is expected to enhance its cultural relevance and market position [22][23] - Adidas is focused on building emotional resonance with consumers through tailored products and community engagement [25]

体育用品消费发展势头依旧迅猛。 阿迪达斯大中华区董事总经理萧家乐认为，大中华区业绩连续九个季度实现增长得益于坚定践行'在中 国，为中国'本土化战略，深度洞察本土需求，加码运动表现与运动时尚双轮驱动。 7月30日，阿迪达斯发布上半年财报，公司实现营收121.05亿欧元，同比增长14%；营业利润达12亿欧 元，同比增长70%；毛利率同比提升0.9个百分点至51.9%。 作为阿迪达斯最为重要的战略市场之一，大中华区业绩连续九个季度实现增长。今年上半年，阿迪达斯 品牌大中华区贡献18.27亿欧元，同比增长13%。 在发布财报的同时，公司高层也对2025年全年展望、关税影响给出反馈。阿迪达斯全球CEO古尔登表 示，受到关税影响，公司已在第二季度受到数千万欧元的影响，预计今年接下来在美国的产品成本将增 加2亿欧元。 不过，阿迪达斯仍维持了最初的全年展望，预计在货币中性下，2025年阿迪达斯品牌的营收将保持双位 数增长态势，营业利润维持在17亿至18亿欧元之间。同时，有竞争力的产品线、与零售商的深度合作关 系将成为营收增长的主要驱动力。 目前看来体育消费用品在未来仍将保持增长。来自麦肯锡（McKinsey）与世界体育用品联 ...