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Adidas gains ground on Nike in U.S., beats Wall Street expectations

Reuters 05/04/2017

Adidas launched a new drive in the U.S. that helped it gain market share against rival Nike for the first time in years. The sportswear company’s share price rose to a record high in trading yesterday after it posted a 19 percent gain in sales and a 30 percent jump in profits for the first quarter.

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