Adidas to close 160 Russian stores this year.

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19 September 2017 à 11h48

Updated on 10 May 2019 à 17h38

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1 minute

Publication: 19 September 2017 à 11h48, Updated on 10 May 2019 à 17h38

Reading time: 1 minute

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Publication

19 September 2017 à 11h48

Updated on 10 May 2019 à 17h38

Reading time

1 minute

Publication: 19 September 2017 à 11h48, Updated on 10 May 2019 à 17h38

Reading time: 1 minute

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As Russian sales shrink, the German sportswear retailer has already closed more than 100 stores this year and will close another 50 by December. C.E.O. Kasper Rorsted expects the Russian market to continuefalling due to Western sanctions and the low price of oil, Russia’s premier export. In the 1st half 2017, Adidas sales in China jumped by 28%, by 26% in North America and by 19% in Europe. In 2017, Adidas expects a global growth of 18%. Russia accounts for less than 2% of the global market...

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