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Adidas CFO: Supply Chain Delays Could Cost $592M in H2 Sales

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.

Count Adidas as the latest major brand experiencing some turbulence abroad as Vietnam factories remain closed due to Covid-19 outbreaks and Chinese consumers slow their demand. Nevertheless, the German athleticwear and footwear giant is still reeling in the cash, seeing second-quarter sales jump 55 percent on a currency-neutral basis to $6 billion, with net income…

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