Adidas & Puma warn on coronavirus disrupting business

// Adidas sales in China have dropped 85% since January 25
// Puma closed over half of its stores in China and now expects an adverse effect on revenues
// Almost 1/5 of the 409m pairs of shoes & trainers Adidas made in 2018 were produced in ChinaAdidas and Puma have said the coronavirus outbreak has severely disrupted their businesses in China.
The outbreak has resulted in store closures, with many other retailers also temporarily shutting down their stores to ensure staff remain safe.
Adid