Frankfurt / AFP Sports giant Adidas said that it expects revenues and profits this year to rise by 10-12 percent as the current consumer boom in Germany continues. “Group sales are expected to increase at a rate between 10 and 12 percent on a currency-neutral basis in 2016,” the German sportswear and equipment manufacturer said in a statement. “The positive ...

NEW YORK / AP Costco is raising entry-level wages for its hourly workers for the first time since 2007 as the warehouse club operator fights to compete in a tighter labour market. The company told investors that it will pay workers $1.50 more per hour in the US and Canada effective this month. Workers will now earn at least $13 or ...

Frankfurt / Bloomberg German retail and distribution giant Metro will decide by the end of this year on whether to expand into Myanmar and post-sanctions Iran, its chief executive said in a magazine interview on Thursday. “Myanmar is benefitting from opening up politically and has high growth potential,” CEO Olaf Koch told the weekly WirtschaftsWoche. “We’re also examining what opportunities ...