News

12% drop in Q1 earning for Adidas Salomon

07/05/2001

The world’s second-largest sports footwear and apparel maker, Adidas Salomon of Germany, has reported a 12% drop in first-quarter earnings, due to continuing weakness in its key U.S. market.  However, the results were slightly better than the 15% drop that had been expected by many industry observers.

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