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” commented the news for Bloomberg Ingbert Faust

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The group’s revenues in Western Europe fell from 2,Resolution,098 million euros to 1,907 million on a year on year basis. It is noteworthy that this market accounts for 9 percent of the business for the athletic wear company,discount Samsung Galaxy S3 buy, while revenues in European emerging markets dropped by 2 percent. Revenues in the Chinese and Latin American markets have grown however, by 7 percent and 9 percent respectively.



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ANALYSIS_Germany-based Adidas has blamed its 11 percent drop in revenues for the first half of its fiscal year on the "lacklustre trading environment" and tough trading conditions across Europe, its main market. Adidas’s 11 percent decline in western European sales is “a point of concern,” commented the news for Bloomberg Ingbert Faust, an analyst at Equinet Bank, who has an accumulate rating on the shares. While sales are likely to improve in the remainder of the year, rival “Nike’s strong market presence with the footwear products Free and Air seems to become increasingly a challenge for Adidas.”



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Similarly, the company's strong gross margin improvement of 2.1 percentage points to 50.1 percent. Talking about other key markets for the group, chief executive Herbert Haine advanced: "I believe we will be strong in the second half in America and I also believe that in Western Europe and the main countries, there will still be some challenges in the market."




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