Adidas quarterly sales up 19pc to €5.04b

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.