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Adidas aims to unseat Li Ning – the country’s No.2 sportswear maker with a one-third share of the market after Nike – this year, targeting double-digit growth in China over the next five years and planning to expand coverage to 1,400 cities from 550.

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HONG KONG (Reuters) – China’s Olympic hero Li Ning wasn’t just walking on air when his country hosted the 2008 Games. In another partnership attempt, Nike has introduced a new basketball store with Foot Lockers called "House of Hoops," in an attempt to show how U.S. athletic retailers may sustain the interest of shoppers (Cheng).

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Besides robust international growth, a 12 percent rise in fourth-quarter profit was helped by a $32 million gain in the quarter from its sale of Nike Bauer Hockey, while its tax rate fell compared with a year earlier due to more profit coming from outside the United States.

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