Adidas Predicts $1 Billion USD Chinese Sales Decline Due to Coronavirus

Following early hints of financial fear, adidas has confirmed investors' Coronavirus (COVID-19) concerns, reports Reuters. The German sports giant is hit even harder than its rivals Nike and PUMA, though none of the companies are entirely unscathed.adidas shares were down 10% on March 11, following a steady decline over the past few weeks, when the company announced expectations of a €1 billion EUR (approximately $1.1 billion USD) sales drop in greater China due to Coronavirus interference, ac...