Adidas Warns That Russia Conflict Could Impact 2022 Business as it Halts Sales in the Region
March 9, 2022
Adidas is one of many retailers expecting to see a hit from sales due to impacts from Russia’s conflict with Ukraine.
The German sportswear retailer on Wednesday shared an updated outlook for fiscal year 2022 that takes into account a risk of up to €250 million, or about $275 million at current exchange, from impacted operations in Russia. This represents about half of Adidas’ revenues in the region and an impact of about one percentage point of overall growth for Adidas. Footwear News