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Adidas Closes China Stores Over Virus Outbreak

  German sportswear giant Adidas said Wednesday it was closing a “significant” number of its stores in China over the deadly new coronavirus, and warned … Continue reading Adidas Closes China Stores Over Virus Outbreak

By Solomon Elusoji
Updated February 5, 2020
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A child, wearing a protective mask to help stop the spread of a deadly virus which began in Wuhan, looks on in a street in Beijing on January 29, 2020. The number of confirmed cases in the new virus outbreak in China reached 5,974 on January 29, overtaking the number of people infected in the mainland by the SARS epidemic in 2002-3, as the death toll rose to 132. NICOLAS ASFOURI / AF
A child, wearing a protective mask to help stop the spread of a deadly virus which began in Wuhan, looks on in a street in Beijing on January 29, 2020.
NICOLAS ASFOURI / AF

 

German sportswear giant Adidas said Wednesday it was closing a “significant” number of its stores in China over the deadly new coronavirus, and warned it expects further impacts on its operations in the country.

The outbreak that has infected over 24,000 people and killed nearly 500 in mainland China has forced many stores and factories to close and airlines to cancel flights.

Following in the footsteps of US rival Nike, Adidas announced “the closure of a significant number of our own stores in the country”.

Many of its franchises were doing the same, the Bavarian firm added.

Adidas has around 500 of its own stores in China and some 11,500 outlets in franchise stores.

“We can confirm that we are currently experiencing a negative impact on our operations in China,” the statement added.

“However, at this point in time, it is too early to assess the magnitude of this impact.”

Nike on Tuesday also said it expected the worsening outbreak of the virus to have “a material impact” on its Chinese business.

AFP

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