Adidas closes ‘considerable’ number of shops in China due to coronavirus

Business / Adidas closes ‘considerable’ number of shops in China due to coronavirus

Adidas closes ‘considerable’ number of shops in China due to coronavirus

Published February 5, 2020, 12:00 AM

By Reuters

German sportswear company Adidas on Wednesday said it was closing a “considerable” number of its shops in China, where the fast-spreading coronavirus has killed nearly 500 people and infected thousands.

Pedestrians walk past an Adidas store on Oxford Street in London, Britain January 18, 2020. (REUTERS/Simon Dawson)

“We can confirm that we are currently experiencing a negative impact on our business in China. However, it is too early to assess the extent of this impact at the moment,” a spokeswoman said.

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