Monday, April 27, 2020

Adidas projects a 40% decline in sales for the second quarter

CNBC
Adidas has predicted that sales will fall by 40% in the second quarter, as the impact of the coronavirus takes hold.

The German sportswear giant on Monday reported a 19% decline in net sales for the first quarter from the year before to 4.75 billion euros ($5.16 billion), as 70% of its stores worldwide closed as a result of the Covid-19 pandemic. . . . more