The media's response to recent retail sales numbers showing month-to-month declines has been to bemoan our faltering economy. But when you compare sales today to a year ago, things don't look grim at all. In some cases, in fact, they look downright fantastic.
Adidas (ADDYY) aims to boost its sales to 17 billion euros ($24 billion) by 2015 as part of a strategy to overtake Nike (NKE) as the world%u2019s largest sporting goods company.
"Our aspirations are to outperform total market growth ... to outgrow our major competitor and have the bottom line grow faster than the top line," CEO Herbert Hainer said, according to Reuters.
We started with Citi Investment Research's top global retail picks for an "hourglass" recovery (benefiting retailers on the high and low ends). After drilling down into the fundamentals and valuations, here are our five favorites.