Reebok Drags Down Adidas' Results

  • March 8, 2007
Adidas Group yesterday announced its annual sales results, the first consolidated statement since its acquisition of Reebok. While Adidas' sales gained 14%, Reebok's declined 6%.

The company said that backlogs for the Reebok brand decreased 12% versus the prior year, "showing a sequential improvement from the prior quarter," and that its focus "this year will be on getting Reebok back onto a growth track."

--Sarah Mahoney

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