By  on September 19, 2013

Adidas AG trimmed back expectations for the year in the wake of stiffer currency headwinds, a “short-term distribution constraint” in Russia and softness in the golf market.

The company, which markets the Adidas, Reebok, TaylorMade and Rockport brands, said its currency-neutral sales would rise by a percentage in the low-single digits this year, versus the low- to midsingle-digit increase previously anticipated.

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