The Traderszone Network

Published in TZ Latest News 25 March, 2015 by The TZ Newswire Staff

Adidas targets faster sales and profit growth from 2016

German sportswear company Adidas (ADSGn.DE) hopes to increase sales and profitability at a faster rate in the next five years by focusing its marketing on six global cities, selling more direct to customers and expanding product customization. The world’s second-biggest sportswear firm, which has been falling behind rival Nike (NKE.N), said on Thursday its five-year strategy would focus on “speed, cities and open source”, with investment in Los Angeles, New York, London, Paris, Shanghai and Tokyo.

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