Adidas posts first loss in 30 years and warns on US


German sportswear giant Adidas opens new tab posted its first annual loss in more than 30 years on Wednesday and warned sales in North America would fall again as sportswear retailers in the U.S. struggle with high inventories.

The Yeezy sales are “still a little bit of a wild card,” said Cristina Fernandez, analyst at Telsey Advisory Group, despite the company managing the sales successfully so far.

To view the full article, please click on the following link:

Visit Content