News Formal

Adidas, Puma warn of virus blows to 2020 business

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

Sportswear giants face disruption to their supply chains with store closures, lower sales. FMTNews Adidas

FRANKFURT: German sportswear makers Adidas and Puma on Wednesday warned the coronavirus outbreak would deal painful blows to their business in 2020, weighing especially on the first quarter with store closures and lower sales.

Meanwhile, Puma said it “cannot quantify the negative effect” but pointed to sales “severely affected” in China and other Asian countries, adding there was “significantly lower” traffic to its stores in Europe as the virus spreads. Nevertheless, “we cannot yet reliably quantify the magnitude of the overall financial impact in 2020,” Adidas CEO Rorsted said.

Without the effects of the coronavirus outbreak, Adidas had forecast sales growth of 6% to 8% and “double-digit-rate improvement of the bottom line” in 2020.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 5. in PT

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

US stocks rise after volatile session as oil prices bounceAnalysts warn of more fluctuations amid uncertainty of the extent virus outbreak will dampen economic activity. FMTNews Markets
Fonte: fmtoday - 🏆 5. / 72 Consulte Mais informação »