Adidas has also parted ways with many local partners who were not aligned with the new plan
The company has adopted a larger format for all outlets, which it says has allowed customers to get to know the brand better
After a strong performance in 2016 and first half of 2017, Adidas shares have fallen 15% in the past six months
Adidas has since enjoyed a big comeback, taking market share from Nike in the United States
These contemporary shoes have been called 'UltraBOOST Uncaged Parley'
Adidas to speed up plans to cut Reebok's store network and focus on growing business with wholesale partners
Kasper Rorsted is to take post tomorrow, stepping in after leading Henkel turnaround
Adidas share price has risen by around two thirds since Rorsted's appointment was announced in January
Revenue may touch Rs 1,000 cr in FY17
Clear break from past rules allows firms to operate different businesses as one entity
Total Adidas brand sales rose 26%, far outperforming the 6% of its Reebok fitness brand
Forecasts 10-12% growth in both local-currency revenue and adjusted net income this year
A Belgium firm, Shoe Branding Europe, in 2009 won trade mark status for a two-stripe design