Yeezy fiasco helps push Adidas into loss as US sales continue to fall
Adidas has slumped to a rare annual loss, hit by the fallout from its costly break-up with rapper Ye, falling sales in North America and a huge tax bill.
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Adidas has slumped to a rare annual loss, hit by the fallout from its costly break-up with rapper Ye, falling sales in North America and a huge tax bill.
Adidas has teams up with Geek+ to open a new automated distribution centre in Suzhou, China to boost its operational efficiency.
Operator: Good afternoon, ladies and gentlemen. Thank you for standing by. Welcome, and thank you for joining the adidas AG Q2 2023 Conference Call.
Confirmed by the brand in its Q2 earnings call.
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