Adidas warned of heavy discounting, particularly for footwear

Adidas warned of heavy discounting, particularly for footwear

 Karl-Josef Hildenbrand

German sportswear giant Adidas on Wednesday reported strong growth in quarterly profits as sales rose in key markets, but warned of a "very volatile" and highly competitive retail environment.

The maker of Gazelle and Samba trainers said net profit attributable to shareholders came in at 482 million euros ($564 million) between January and March, up 13 percent from a year earlier.

Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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