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Adidas heads for 20% sales leap as focus on shoes and clothing pays off

02/08/2017

Adidas has reported a near-20% rise in revenues for the second quarter and an 18% increase in profit, and now expects full year sales to be 17%-19% higher than last year.  Sales for the three months reached €5 billion while profit jumped to €505 million. The divestures of golf company TaylorMade and ice hockey brand CCM Hockey had a negative...

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