There is more room to grow," said Scilla Huang Sun, a fund manager at GAM, who has built up her position in Adidas and cut her stake in Nike. German rival Puma has also been enjoying a revival in the U.S. market, helped by a shift towards retro styles and away from basketball shoes which has hurt Under Armour and dampened Nike's success. Although Adidas shares have almost tripled in two years as it has taken market share, that has yet to feed through into a significant improvement in its operating margin, which analysts expect to rise to 7.5 percent in 2016 from 6.3 percent in 2015, still half that of Nike, because it lags so much in the U.S. "Scale and superior profitability go hand in hand," said Graham Renwick, an analyst at Exane BNP Paribas, who rates Adidas "outperform", predicting that Adidas can boost its margin by more than doubling its U.S. market share to 15 percent. OPPORTUNITY TO SURPRISE Rorsted, the former chief of consumer goods group Henkel (HNKG_p.DE) who took over at Adidas in October, is expected to present highlights of his strategy review along with results on March 8, with more depth coming at an investor day on March 14. He has already taken steps to overhaul the group's struggling Reebok fitness brand and has said that the U.S. market and digitalization will be top priorities as he seeks to build on a five-year plan launched in 2015 by his long-serving predecessor Herbert Hainer.
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"Many international media pointed out that North Korea's use of chemical weapons for the targeted killing in a third country sent a very clear message to the world," South Korea's Yun told the Geneva forum. "Namely this impulsive, unpredictable, trigger-happy and brutal regime is ready and willing to strike anyone, anytime, anywhere." North Korea's delegation at the conference told Reuters it would respond to Yuns speech later on Tuesday. Malaysian police arrested a Vietnamese woman, Doan Thi Huong, and an Indonesian, Siti Aishah, in the days after the attack. Police are also holding one North Korean man and have identified seven other North Koreans wanted in connection with a case that reads like the plot to a spy movie. Both women will be formally charged on Wednesday under section 302 of the penal code, which carries the death penalty, Malaysia's attorney general, Mohamed Apandi Ali, confirmed to Reuters in a text message. DEADLY NERVE AGENT VX is one of the deadliest รองเท้าผ้าใบ onitsuka chemical weapons ever created, far more potent than Sarin, the gas used in deadly chemical attacks in Syria in 2013 and in an attack on the Tokyo subway by a Japanese doomsday cult in 1995. "Just a few grams of VX is sufficient for mass killing," Yun said. "North Korea is reported to have not just grams but thousands of tonnes of chemical weapons, including VX, all over the country ... The recent assassination is a wake-up call to all of us to North Korea's chemical weapons capability and its intent to actually use them." North Korea has previously denied possessing chemical weapons. States could invoke the Chemical Weapons Convention as the use of such agents was in "flagrant violation of international law", Yun said.
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