Sunday , 14 August 2022
Breaking News
Home » World » South Asia » Adidas to launch $1 shoes in India

Adidas to launch $1 shoes in India

Adidas, the German sportswear and equipment maker, is all set to launch a shoe costing one dollar a pair in India, boss Herbert Hainer said.
Seems like Adidas is here for a mission. Despite their failed attempt in Bangladesh which saw the company suffer losses, Adidas has focused itself on India.
“The shoe will be sold in villages through a distribution network,” Hainer said, adding, “We want the product to be self-funding.”

“We sold 5,000 pairs during a test phase [ Bangladesh ] but we made only losses,” he said. “The shoes cost us three dollars to make and we had to pay USD 3.50 in import duty.”

Do you prefer Adidas brand? Are you its customer? Whats your take on the new 1$ a pair offer from Adidas. Share with us your views!

Related stories:

1 billion people are hunger- Wake up world leaders
Buffalo Shootout- Police in Action!
Obama Says He is Christian By Choice
Brian Regan charged with Murder!
Saudi Diplomat Shot Dead in Karachi
Anna University Results for B.E / B.Tech.(8th Sem) Examinations April / May 2011
Spiderman 4 official Trailer released
US may face Water crisis in 40 years