Adidas Gains Ground on Nike in U.S. With Fashion Focus
Adidas AG is racing ahead in the U.S. with sales growth thats outstripping archrival Nike Inc. as its namesake brand and Reebok capitalize on the trend for retro and athleisure fashions that are worn off the sporting grounds.
The German sportswear giant reported first-quarter profit that beat estimates, helped by a strong performance in the U.S., China and online. The shares rose as much as 3.7 percent in early trading. Chief Executive Officer Kasper Rorsted has been doub ...
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