Adidas says China market coming back quicker than expected
But the sportswear giant stuck by its April guidance for at least a 40% fall in second-quarter sales
04 June 2020 - 18:02
Berlin — German sportswear firm Adidas said on Thursday that sales had returned to growth in greater China faster than it had expected after the coronavirus lockdown, while the reopening of business in Europe and the Americas is going more gradually.
Adidas stuck by guidance it gave in April for at least a 40% fall in second-quarter sales and a drop in operating profit of more than €100m and said it would give more details with results due on August 6...
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