Shares in Adidas fell more than 9 per cent on Friday after the sportswear group sounded the alarm on profits for the second time in three months. “The warning came as the company disclosed late on Thursday that is was sitting on a growing pile of unsold trainers and other kit as sales in China and the western markets have been much lower than expected”, reads on the @financialtimes. [Adidas shares tumble after second profit warning in three ... – FT]
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