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All Day I Dream About Sales: Adidas profit falls 30% after discounting merchandise

MarketWatch

Last updated:

Wed, 04 Nov 2009 19:44:00 +0000

Adidas profit falls 30% after discounting merchandise

German sportswear producer Adidas AG reported Wednesday a 30% drop in net profit after discounting merchandise and encountering higher costs, but the result was in line with market expectations and the company said it was "cautiously optimistic" about next year.

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