Adidas: China Boycott Shows No Impact
Adidas reported 27% revenue growth last week, with online sales demand increasing despite retail stores reopening globally.
Friends,
Despite a boycott by some mainland Chinese consumers due to the treatment of one of China’s ethnic minorities in the Xinjiang region, Adidas reported strong earnings last week.
Here are the highlights (Source):
Currency-neutral revenue is up 27% year-over-year.
Almost 90% of Adidas stores globally have now reopened.
Sales in C…
