Adidas raises sales sights
03/03/2011
German sportswear brand adidas announced on 2 March, 2011, that it has raised its 2011 sales forecast due to rising consumer confidence, but warned that a further increase in raw-material prices could pressure margins for 2012 and beyond. Adidas now expects 2011 sales to rise by a “mid to high-single-digit percentage range,” after previously...