Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user

Adidas Net Income Plunges 97% in Q1

When it’s deliver-or-die, supply chains become the lifeblood of a company. To that end, the fashion industry has embraced technology to navigate today’s hyper-complicated supply chain, with myriad solutions shaping the first, middle and last mile. Call it Sourcing 2.0.

More than 70 percent of Adidas’ stores remain closed as of its most recent earnings report released on Monday, and the German athletic giant expects extreme challenges in the second quarter. In a Nutshell: Adidas reported a “pronounced” drop in foot traffic in the first quarter, even throughout that remained open stores, and said its…

This content is for Annual and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or subscribe.

Log In Subscribe

More from our brands

Access exclusive content Become a Member Today!