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View Full Version : Adidas Reports Profit Slumps 97%, Announces Plan to Lower Costs - Bloomberg



NewsWhore
05-05-2009, 03:02 AM
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Adidas Reports Profit Slumps 97%, Announces Plan to Lower Costs (http://news.google.com/news/url?sa=T&ct=us/1-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601100%26sid%3DaXbWrQzJbJrI%26refer%3Dgermany&cid=1346202837&ei=heb_Sa7TLIep_gbTgJGECA&usg=AFQjCNGTCrC2Y8jdVI2PJ3XKDMA4pFp-jQ)
Bloomberg - Sarah Shannon (http://news.google.com/news?svnum=10&as_scoring=n&tab=wn&as_drrb=q&as_qdr=&as_mind=11&as_minm=7&as_maxd=10&as_maxm=8&q=author:%22Sarah Shannon%22&hl=en&ned=us&ie=ISO-8859-1), Holger Elfes (http://news.google.com/news?svnum=10&as_scoring=n&tab=wn&as_drrb=q&as_qdr=&as_mind=11&as_minm=7&as_maxd=10&as_maxm=8&q=author:%22Holger Elfes%22&hl=en&ned=us&ie=ISO-8859-1)
Sales declined 2 percent to 2.57 billion euros, and fell 6 percent when the effects of currency moves are excluded. Chief Executive Officer Herbert Hainer said today that he&#39;ll cut regional headquarters in Asia and Europe, close some stores and ...


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