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Double-digit sales growth in Retail & Other biz at adidas

03 Aug '12
4 min read

In the first half of 2012, Group revenues increased 11% on a currency-neutral basis. Currency translation effects had a positive impact on sales in euro terms. Group revenues grew 16% to € 7.341 billion in the first half of 2012 from € 6.337 billion in 2011.

The adidas Group's sales increase in the first half of 2012 was driven by double-digit growth in Retail as well as in Other Businesses. Currency-neutral Wholesale revenues increased 6% during the period, driven by double-digit sales growth at adidas. Currency-neutral Retail sales increased 16% versus the prior year as a result of double-digit sales growth at adidas and Reebok.

Comparable store sales grew 9% on a currency-neutral basis. Revenues in Other Businesses increased 27% currency-neutral, mainly due to double-digit sales growth at TaylorMade-adidas Golf and Reebok-CCM Hockey. Rockport sales also grew. Currency translation effects had a positive impact on segmental sales in euro terms.

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adidas Group

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