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Adidas trips into quarterly loss but sees rebound

Published by Vanguard on Thu, 06 Aug 2020


German sports manufacturer Adidas on Thursday posted a significant second-quarter loss but said it expected a rebound in the summer as coronavirus restrictions are lifted and online sales boom. Adidas reported a net loss of 295 million euros ($349' million) in the three months to the end of June, compared with a profit of 531Read MoreThe post Adidas trips into quarterly loss but sees rebound appeared first on Vanguard News.
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