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Adidas outpaces Nike in North America and China

Friday, May 5, 2017 - 05:50

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Mr Rorsted confirms the company's 2017 forecast for sales growth of between 11 per cent and 13 per cent and net income to rise by as much as a fifth.

Berlin

SHARES in Adidas rose to a record high on Thursday after the German sportswear firm reported a bigger than expected increase in first-quarter sales and profits, outpacing rival Nike in North America and China and growing fast online.

After losing ground to its US rival for

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