SPortwear

Adidas, the race for World Cup kits: rising sales and a challenge to Nike

The group, which sponsors Germany, has supplied technical kit to 14 of the 48 national teams and estimates that this will have an impact on turnover of one billion euros

by Monica D'Ascenzo

Il tedesco Kai Havertz (7) segna su calcio di rigore durante la partita di calcio del Gruppo E dei Mondiali tra Germania e Curaçao, disputata a Houston domenica 14 giugno 2026. (AP Photo/Eric Smith)

3' min read

Translated by AI
Versione italiana

3' min read

Translated by AI
Versione italiana

The enthusiasm of German fans for the national team is having an unexpected impact on the sports merchandise supply chain, turning into an operational problem for Adidas: the letter ‘V’ is temporarily out of stock for personalising official shirts. The high demand for kits associated with players Kai Havertz, Deniz Undav and Aleksandar Pavlovic has, in fact, made it impossible, for the time being, to fulfil online orders for personalised versions featuring these surnames.

Adidas has confirmed the rumours reported by the German newspaper *Bild*, explaining that “the high number of requests for personalised shirts for Undav, Havertz and Pavlovic has led to a temporary shortage of the letter ‘V’”. However, the company has clarified that this is a temporary issue: “Stocks are already being replenished and shirts featuring the letter ‘V’ will soon be available online again.”

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Merchandising as a revenue driver

This trend highlights the increasingly significant role of merchandising as a driver of turnover at major international football events, where the sale of shirts represents a strategic component of revenue for sportswear manufacturers. For the 2026 World Cup, whichis currently being held across the United States, Canada and Mexico, Adidas has supplied the kit to 14 of the 48 participating national teams and estimates a total impact on turnover of around one billion euros, although it has not specified the proportion directly attributable to shirt sales. The national teams on Adidas’s roster are Algeria, Argentina, Belgium, Colombia, Curaçao, Germany, Japan, Mexico, Qatar, Saudi Arabia, Scotland, South Africa, Spain and Sweden.

According to the company’s own statement, Germany’s blue away kit is performing better than expected, with demand accelerating both following the announcement of the final squad and as the tournament gets underway. In Germany, two versions of the official kit are currently available: a standard version priced at 100 euros and a premium version at 150 euros, with prices broadly in line across other international markets as well.

The World Cup of Brands

On the competition front, Puma – which supplies kits to 11 national teams taking part in the tournament – is also reporting positive sales trends. In particular, Portugal’s shirts are among the most sought-after, whilst the kits for New Zealand, Morocco, Senegal and the Ivory Coast are also performing well. The group emphasises, however, that it is taking a long-term strategic approach, highlighting that the main objective is not merely immediate revenue growth, but the strengthening of brand equity and the relationship with fans in international markets.

Turning back to the German national team, the 2026 World Cup will be the last edition in which the German national team takes to the pitch with Adidas as its kit sponsor. From 2027, the German Football Association will switch to Nike, marking the end of a historic partnership lasting over seventy years and ushering in a new competitive landscape in the global sportswear market. At this World Cup, Nike is sponsoring a dozen teams, including the USA, as well as Australia, Brazil, Canada, Croatia, England, France, the Netherlands, Norway, South Korea, Turkey and Uruguay.

Stock market shares

Over the past month, the leading sportswear stocks have performed well on the stock market, buoyed by investor optimism linked to the cycle of major international events and, in particular, expectations regarding demand for the 2026 World Cup. Leading the gains was Adidas, which posted an 18% surge – the sector’s strongest performance – thanks to expectations of growth in sales of kits for the national teams it sponsors and particularly favourable momentum in the European market.

Next comes Nike, up 6.5 per cent, buoyed by its strengthened global positioning and the prospects of increased revenue from merchandising and technical footwear, followed by Puma, which recorded a 5.5 per cent increase, benefiting from its diversified exposure to various federations involved in the tournament.

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