Adidas says China, Russia to be top markets eventually

SHANGHAI (Reuters) - Adidas AG, the world’s second-largest sports goods maker, expects China and Russia to eventually make up half of its total business, company executives said at an event in Shanghai on Tuesday.

The German company plans to open more than 2,500 stores in smaller Chinese cities and to expand its presence to 1,400 cities from 550 currently, it said earlier on Tuesday.