Retail Industry
Industry: Email Alert RSS FeedSales at Adidas USA up 6% in first half. (Adidas U.S.A. Inc.)
Footwear News, September, 1991 by Tosh, Mark
MUNICH (FNS) -- Sales at Adidas USA Inc., Warren, N.J., gained 6 percent to 177 million German marks ($101 million) in the first half of 1991 ended June 30, parent Adidas AG reported during last week's ISPO, the international trade fair for sports equipment and fashion.
Adidas USA sales did not match Adidas AG's expectations as a result of a depressed retail climate, Adidas AG officials said.
Consolidated revenue at Adidas AG increased 6 percent in the first half to 1.8 billion marks ($1 billion), up from 1.7 billion marks (about $946 million) a year earlier. Consolidated revenue totaled 2.1 billion marks ($1.2 billion) through July 1991. No comparable figure for the first seven months of 1990 was available.
In addition, Adidas AG's 1991...
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