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