By  on November 8, 2012

PARIS — Adidas AG ratcheted down its 2012 sales forecast as swift growth in emerging markets and momentum at the Adidas brand failed to compensate for sluggishness in the U.S. and Western Europe and steep declines at Reebok.

Adidas now expects group sales to grow at a high-single-digit rate in 2012 versus a previous target of “approaching 10 percent.”

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