Adi­das quar­terly sales up 19pc to €5.04b

New Straits Times - - Business -

Adi­das AG re­ported an­other quar­ter of bumper sales growth in North Amer­ica and China yes­ter­day as it took mar­ket share from ri­vals Nike and Un­der Ar­mour with its retro styles and run­ning sneak­ers. Adi­das said sales grew 28 per cent in China and 26 per cent in North Amer­ica, although they fell 11 per cent in Rus­sian mar­ket. Over­all, sales rose 19 per cent to €5.04 bil­lion (RM25.6 bil­lion), with the core Adi­das brand grow­ing 21 per cent, while sales at the Ree­bok fit­ness brand were up five per cent.

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