A "quite confident" CEO Herbert Hainer says Adidas (ADDYY.PK) will increase its store count in...

|By:, SA News Editor

A "quite confident" CEO Herbert Hainer says Adidas (ADDYY.PK) will increase its store count in China by 9% next year, to 6,100. It's competing with Nike (NKE) and China's Li Ning for a market that may be worth $50B: "It’s a big population and a lot of people want their sneakers."