Adidas warns of big coronavirus hit to China sales

Wed, Mar 11, 2020 - 2:46 PM

German sportswear maker Adidas expects first-quarter sales to drop by up to 1 billion euros (S$1.58 billion) in greater China due to the novel coronavirus and while business is picking up there it is now being hit in Japan and South Korea.

PHOTO: REUTERS

[BERLIN] German sportswear maker Adidas expects first-quarter sales to drop by up to 1 billion euros (S$1.58 billion) in greater China due to the novel coronavirus and while business is picking up there it is now being hit in Japan and South Korea.

China accounted for 20 per cent of...

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