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Shares in off-pace Adidas slip as it pays to fix sourcing shortages

Reuters Thursday, 8 August 2019 ()
Adidas shares stumbled on Thursday after the German sportswear company said profitability will be squeezed in the second half of the year by higher sourcing costs and price cuts to try to revive sales growth in Europe.
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News video: China surprise lifts European shares, Adidas disappoints

China surprise lifts European shares, Adidas disappoints 01:40

Stock markets enjoyed a tentative recovery on Thursday after better-than-expected Chinese export data. But, as David Pollard reports, shares in Germany's Adidas suffered after its second-quarter results disappointed.

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