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Coronavirus Sends Adidas China Business Down 85%, Puma Warns of Impact

Join McKinsey & Company, NewTimes Group, Arvind Limited, Asmara, Google, Bluesign, the Retail Prophet and more at Sourcing Journal’s Virtual Sourcing Summit, R/Evolution: Overhauling Fashion’s Outmoded Supply Chain, Oct 14 & 15.

Sneaker stalwarts Adidas and Puma are getting out ahead of a coronavirus-induced drop in sales with newly released insights into the virus’ impact on their businesses. Last week, Adidas issued a statement saying that it was implementing “applicable local directives” issued by Chinese authorities at all of its locations in the country, and confirmed that…

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