Adidas joins Nike in announcing store closures over coronavirus
CGTN

Translating...

Content is automatically generated by Microsoft Azure Translator Text API. CGTN is not responsible for any of the translations.

An Adidas store in Beijing. /VCG

An Adidas store in Beijing. /VCG

German sportswear maker Adidas on Tuesday joined rivals in announcing store closures in response to the coronavirus pandemic.

Adidas and Reebok-owned stores in Europe, North America and Canada will be closed temporarily, the company said in an emailed statement. Stores will be closed March 18-29 in Europe. In the United States and Canada they will be closed March 17-29.

"At Adidas, the health and safety of our employees, customers and partners have the highest priority," the group said, adding that affected staff would be paid for their planned working hours despite the closures.

Rivals Nike, Lululemon Athletica and Under Armour Inc. on Sunday said they would close stores in the United States and other markets, joining a growing list of major retailers moving to help to limit the spread of the virus.

Adidas last week said that it expected first-quarter sales to drop by up to 1 billion euros (1.1 billion U.S. dollars) in greater China and to fall more than 10 percent overall because of the pandemic, including a drop of about 100 million euros in Japan and South Korea.

Source(s): Reuters
TOP NEWS
Asia's economy to grow 4.5% in 2025: Boao Forum for Asia report
{"type":2,"value":"CGTN","commentator":[],"valueShow":true,"commentatorShow":false}

Economy

07:13, 25-Mar-2025

Global investors confident in Chinese assets
{"type":2,"value":"CGTN","commentator":[],"valueShow":true,"commentatorShow":false}

Markets

10:09, 25-Mar-2025

Ukraine, Russia confirm immediate Black Sea and energy ceasefire
{"type":2,"value":"CGTN","commentator":[],"valueShow":true,"commentatorShow":false}

Europe

16:36, 25-Mar-2025