ABU DHABI / WAM Etihad Airways, the national airline of the United Arab Emirates, has ...
Read More »Adidas cuts profitability goal amid China lockdowns
Bloomberg Adidas SE cut its profitability targets for this year and forecast a plunge in sales of sporting goods in China as the Covid Zero policy keeps stores shut. The company also said supply bottlenecks in Vietnam have reduced the availability of products, eroding sales. The shares fell as much as 6.8%, approaching a two-year low. A fifth of the ...
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