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Adidas Powers Ahead in North America and China

August 3, 2017

Via: Fortune

German sportswear firm Adidas (ADDYY, +0.33%) reported another quarter of bumper sales growth in North America and China on Thursday as it took market share from rivals Nike (NKE, -0.08%) and Under Armour (UAA, +1.42%) with its retro styles and running sneakers.

Adidas, which had already announced preliminary second-quarter results and raised its 2017 guidance last week, said sales grew 28% in China and 26% in North America, although they fell 11% in the tough Russian market.

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