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Adidas Profits Fall 97 Percent

Adidas Profits Fall 97 Percent

by Ellen Groves

Posted Tuesday May 05, 2009

Last Edited Wednesday May 06, 2009

From WWD Issue 05/06/2009

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PARIS — Hit by discounting, higher sourcing prices, currency effects and restructuring costs, the Adidas AG saw net profits fall 97 percent in the first quarter to 5 million...

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PARIS — Hit by discounting, higher sourcing prices, currency effects and restructuring costs, the Adidas AG saw net profits fall 97 percent in the first quarter to 5 million...

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• Menswear content everyday on the dedicated WWDMen's channel.
• Menswear coverage in WWD Morning Report daily email newsletter delivered right to your inbox.
• WWDMen's dedicated report every Thursday online and via downloadable PDF.
• Full access to all of WWD.COM now including 12months of Archived content.
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