Adidas to add 3,000 stores as sales grow 18%

German sportswear maker Adidas AG will expand its retail network in China from the current 9,000 stores to 12,000 by 2020, a top executive said on Friday.

"With interest in sport in China continuing to gather pace, our newly unveiled 'Creating the New 2020 Greater China' strategy will further build upon our recent achievements and lead Adidas to become China's best sports brand by 2020," said Colin Currie, managing director of Adidas Group China.

Adidas recorded an 18 percent growth in sales in China last year, driven by the so-called performance and style products, according to its annual report.