Retail News
Adidas’ record Q3 is salt in the wound for Nike
Reported by Retail Dive, Cara Salpini on
Preliminary figures show revenue reaching $8.1 billion, as the sportswear giant takes “significant” share from its rival. Adidas has thrown down another impressive quarter, showering cold water on the turnaround at rival Nike . CEO Bjørn Gulden praised the company’s marketing efforts and investment in innovation for the strong quarter, touting profitable growth in soccer, running and training. “Our fantastic designers and development teams have created new apparel collections that are globally in high demand and currently fueling our lifestyle business.
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