Adidas warns of Covid-19 hit to Q1 sales in China

Thu, Mar 12, 2020 - 5:50 AM

Adidas says it is "fully confident" about its growth prospects, and that the virus outbreak is but a temporary challenge.

PHOTO: REUTERS

Berlin

GERMAN sportswear maker Adidas expects first-quarter sales to drop by up to a billion euros (S$1.57 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...

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