Adidas CEO hopeful that cooped-up consumers will buy sportswear
Bloomberg News
(Bloomberg)—Adidas AG CEO Kasper Rorsted tried to present a silver lining as he predicted the German shoemaker’s first quarterly loss in four years: that cooped-up consumers might need more sportswear once countries lift stay-at-home orders. More than two-thirds of Adidas’s stores are closed due to the COVID-19 pandemic, which led the company to forecast an […]