Adidas to add 3,000 stores in China by 2020

Adidas announced it will open 3,000 new stores in China by 2020, bringing the retailer's total to about 12,000 shops across 2,200 cities in the country. The company will focus more on kids' sports apparel and is counting on a continuing rise of affluence among Chinese consumers. Adidas is in a global battle with rival Nike to capture the Chinese market as the middle class's awareness of the benefits of exercising continues to grow. China's sports industry is expected to expand 19 percent annually to 3 trillion yuan in 2025. Story