Adidas net profit in the first quarter dropped 97%

The world's second-largest sports shoe brands Adidas May 5 results released report said the global decline in demand ,Air Jordan 12 the company's first quarter net income dropped more than 97% of Sri Lanka last year , only 500 million euros ( about 670 Million) , far below the expected reading of 97 million euros . Quarter , the company's sales also fell 2% , to 25.8 million euros, Air Jordan 13Adidas brand sales fell 6% , while the acquisition of Reebok brand sales fell 4%. The company expects first half results for 2009, generally only make ends meet . Adidas CEO Herbert Hainer said that as the Olympic effect is not sustainable, the demand from Asia down sharply this year .Air Jordan 14 To meet the challenge , Adidas said it would lay off about 1,000 people , close some stores to try to save 100 million euros per year . Adidas first -quarter net profit dropped 97% The world's second-largest sports shoe company Adidas brand performance reports issued on the 5th that the decline in global demand , the company net profit in the first quarter dropped 97% over last year ,Air Jordan 15 only 500 million euros ( about 6.7 million U.S. dollars ), well below the expected reading of 97 million euros . In the first quarter , the company's sales also fell 2% , to 25.8 million euros, Adidas brand sales fell 6% , while the acquisition of Reebok brand sales fell 4%.Air Jordan 16 Adidas CEO Herbert Hainer said that as the Olympic effect is not sustainable, the demand from Asia down sharply this year . Profitability in the Russian market is down by the ruble exchange rate against the euro, 21% of adverse effects. In addition, the Adidas brand in the first quarter for the integration of Reebok has spent nearly 80 million euros .Air Jordan 17 To meet the challenge , Adidas said it would lay off about 1,000 people , and will close some branches , re- wholesale business , and strive to save 100 million euros per year .