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Industry: Email Alert RSS FeedAdidas A.G. chair lays sales lull to dollar decline, weaker exports. (Albert Henkel)
Daily News Record, September, 1987 by Bannon, Lisa
Adidas A.G. Chair Lays Sales Lull To Dollar Decline, Weaker Exports
The decline of the dollar and a weak export market are primarily to blame for a projected 5 percent drop in consolidated worldwide sales this year at Adidas A.G., the new chairman of the company's advisory board said at ISPO.
Dr. Albert Henkel, who was named chairman of the 10-member oversight board following the death of Horst Dassler in April, said a drop in athletic footwear sales is the main factor contributing to the decline. Adidas's apparel sector, meanwhile, is expected to report double-digit growth.
The company reported sales of 4.1 billion marks ($2.2 billion) in 1986.
Adidas, however, expects to report a sales gain of 20 to 25 percent in Japan as...
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