Adidas CEO Says Online Sales Won’t Offset Slump From Virus

Apr.27 — Kasper Rorsted, chief executive officer of Adidas AG, discusses the company's financial results and outlook. The German athletic wear maker forecast a loss in the second quarter as more than two-thirds of its stores are closed due to the Covid-19 pandemic. Sales will probably fall about 40% adjusted for currency swings, and first-quarter net income slumped 97%, Adidas said. Rorsted speaks on "Bloomberg Markets: European Open."

Watch the video at Bloomberg – Corona Outbreak