Adidas projects a 40% decline in sales for the second quarter
People in face masks walk in a street during an outbreak of the 2019-nCoV coronavirus.
Artyom Ivanov | TASS via Getty Images
Adidas has predicted that sales will fall by 40% in the second quarter, as the impact of the coronavirus takes hold.
The German sportswear giant on Monday reported a 19% decline in net sales for the first quarter from the year before to 4.75 billion euros ($5.16…
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