The revival of the German brand has been hurting rivals Nike (NKE.N) and Under Armour (UAA.N) but some investors are concerned that Adidas is too reliant on fickle trends such as the recent popularity of its Superstar and Stan Smith shoes. Chief Executive Kasper Rorsted said the North American market is the "biggest challenge and the biggest opportunity" for Adidas, targeting sales of 5 billion euros (4.37 billion pounds) by 2020, after a 24 percent jump to 3.4 billion euros in 2016. The stock was down 1.7 percent at 1330 GMT. Rorsted told an investor day that the fashion-driven Originals business, which includes the retro brands such as Superstars, had grown 80 percent in North America in 2016. Adidas running sales had climbed 40 percent last year in North America while sales U.S. sports such as American football and basketball rose 25 percent. Brand chief Eric Liedtke said he was comfortable with the balance, noting that a recent survey by market intelligence group NPD showed that two-thirds of sportswear is actually used for leisure rather than sport. "It doesn't mean we want to become a leisure brand. It just means we need to understand how the consumer is consuming the product," Liedtke said.
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citizen when he took the job eight months ago. "I don't know why I was ousted by the commission on appointments but I did not lie," Duterte, impersonating Yasay and using an American accent, told a audience of hundreds of mayors. "If you did not lie, why are you out of the cabinet?" he said to laughs and applause. Duterte's remark makes light of what has been one รองเท้า แฟชั่น สไตล์ เกาหลี of the biggest embarrassments of his presidency so far. Yasay, a U.S.-trained lawyer, is a member of his inner circle with whom he shared a dormitory while studying law. Yasay played a crucial role driving Duterte's policy of diversifying foreign relations beyond ally the United States, describing it as a "shackling dependency". In scathing posts on Facebook, Yasay chided Washington for what he said was shirking its treaty obligations to protect the Philippines. He said breaking away was "imperative in putting an end to our nation's subservience to United States' interests". Yasay was accused by critics of contradicting statements that were made under oath before the appointments commission and during media interviews about his citizenship and passports. While the commission made no conclusion about his citizenship status, its members agreed unanimously that he was not telling the truth.
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