FRANKFURT Adidas, the world's No. 2 sportswear group, expects sales to be "higher than 14.5 billion euros" this year, Chief Executive Herbert Hainer told German newspaper Sueddeutsche Zeitung.
Adidas has so far forecast sales of about 14.5 billion euros in 2012, up from 13.3 billion in 2011. According to Thomson Reuters database Starmine, Adidas is expected to achieve 14.9 billion euros in sales this year.
Hainer also said, without elaborating, that Adidas would launch a new running shoe that would "revolutionise the market."
(Reporting by Christoph Steitz; Editing by Richard Chang)
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It remains to be seen whether Nifty will be able to break the 8,100 mark during October. With major events out of the way, the next trigger will be the Q2 FY16 earnings season which is expected to kick off next week. It is advisable for the investors to continue building their equity portfolio by utilising market volatility as an opportunity, writes Ambareesh Baliga. Full Article