FRANKFURT Nov 8 Adidas will expand into smaller
Chinese cities in 2013, even though competitors are struggling
and the economy there seems to be cooling.
"We will continue to grow in China," Chief Executive Herbert
Hainer told analysts after the group reported third-quarter
results, adding that the group would monitor market development
closely in the lower tier cities.
Chief Financial Officer Robin Stalker also said the group
would use its cash to pay down debt, rather than for major
acquisitions or share buybacks and that investors could look
forward to dividend increases in the future.
(Reporting by Victoria Bryan)