The German sporting goods manufacturer Adidas has a lot of troubles in China due to the outbreak of the new corona virus. Many stores are closed and stores that are open receive fewer customers. Sales in China have fallen by 85 percent since the Chinese New Year.
Adidas also sees weaker customer numbers in Japan and South Korea. The company plans to present more details about the impact of the corona virus on the results when the annual figures are published in March.
Peretz M. is an accomplished economist and financial journalist with a deep understanding of the global economy and financial markets. He is a regular contributor to EconomicInform, where he provides expert analysis and commentary on current economic trends and events. With a strong educational background in economics, Peretz has a talent for breaking down complex economic concepts for a general audience and is able to provide insightful perspectives on a wide range of economic issues.