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Adidas and Puma sales collapse in China amid coronavirus outbreak

By Zoe Wood

Sportswear brands say disruption is spreading with major sporting events in doubt

Adidas and Puma have reported a collapse in sales in China as a result of the coronavirus outbreak and warned disruption was spreading to other markets.

Adidas said its first-quarter sales would be down by as much as €1bn (£870m) in Greater China and about €100m in Japan and South Korea. The slump would lead to a €400m-€500m hit to operating profit, it said.

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Via:: https://www.theguardian.com/world/2020/mar/11/adidas-and-puma-sales-collapse-in-china-amid-coronavirus-outbreak