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Adidas Swallows $373M Loss, Speeds Up Digital Investments

Today's fast-moving fashion industry demands an agile, consumer-led retail model, but how do you get there? Join our webinar "Consumer-Led Retail: Optimizing Assortments at Speed" Sept 28th, featuring experts from MakerSights and DTC brand Taylor Stitch.

Adidas swung to a net loss of 317 million euros ($373 million) in the second quarter compared with a profit of 532 million euros ($626 million) in the same quarter a year ago, while net sales fell 34 percent on a currency-neutral basis to 3.58 billion euros ($4.21 billion) from 5.51 billion euros ($6.49 billion)…

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