Page 14 - Harm Ohlmeyer News Today

German sportswear giant Adidas reported a drop in its profits in the first quarter on Friday, as widespread coronavirus lockdowns hurt business in key market China.

Breaking News, Latest News and Current News from OANN.com. Breaking news and video. Latest Current News: U.S., World, Entertainment, Health, Business, Technology, Politics, Sports.

SHARE German sportswear company Adidas sees only a short-term impact from Chinese calls in March for a boycott of its products, raising its 2021 sales forecast on Friday as it expects a resumption of big sporting events to drive demand. Adidas now sees sales growing at a high-teens percentage rate in 2021, compared with a March forecast for mid-to-high teens growth, with a jump of around 50 per cent expected in the second quarter. It said the acceleration would be driven by new products such as...

Retail & ConsumerAdidas shrugs off China boycott call to raise outlook Emma Thomasson 4 minute read German sportswear company Adidas (ADSGn.DE) sees only a short-term impact from Chinese calls in March for a boycott of its products, raising its 2021 sales forecast on Friday as it expects a resumption of big sporting events to drive demand. Adidas now sees sales growing at a high-teens percentage rate in 2021, compared with a March forecast for mid-to-high teens growth, with a jump of around 50%...

Adidas shrugs off China boycott call to raise outlook By Emma Thomasson Reuters BERLIN (Reuters) -German sportswear company Adidas sees only a short-term impact from Chinese calls in March for a boycott of its products, raising its 2021 sales forecast on Friday as it expects a resumption of big sporting events to drive demand. Adidas now sees sales growing at a high-teens percentage rate in 2021, compared with a March forecast for mid-to-high teens growth, with a jump of around 50% expected in ...

Dive Brief: After speculation earlier this year that Reebok could be sold off, Adidas confirmed on Monday that its considering a sale of the smaller brand, along with other "strategic alternatives," which could include Reebok staying with the company. The potential sale comes as part of the retailers development of its five-year strategy. Both the strategy and the companys decision on whether or not to sell Reebok will be announced on March 10, according to a company press release. Adidas acqui...