Adidas says business activity in China has tanked roughly 85% due to coronavirus
A pedestrian walks by a large Adidas logo and German multinational sportswear shop.
Miguel Candela | SOPA Images | LightRocket via Getty Images
German sportswear firm Adidas warned business activity in China has fallen dramatically in recent weeks, citing a material negative impact from the coronavirus outbreak.
It comes at a time when many in the sporting goods industry are deeply…