June 23, 2021

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Business & Finance Information

Day: May 7, 2021

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LONDON — Adidas is extra assured about gross sales this yr because it notes stronger-than-expected demand for its merchandise the world over, regardless of a boycott by shoppers in mainland China.

The German sportswear retailer expects currency-neutral gross sales to rise at a “high-teens” fee this yr, with a “important” acceleration already seen within the second quarter, the corporate mentioned on Friday.

“This acceleration shall be fueled by an array of revolutionary product releases,” Adidas mentioned in an announcement. It expects main sport occasions, akin to UEFA Euro and the Copa America, to additionally help the enterprise.

The corporate reported