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adidas Reports Strong Q2 Financial Performance [Video]

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adidas is expecting to rebound from the COVID-19 related lockdowns and measures quicker than was originally anticipated. The German company recently revealed its second-quarter financial reports, with sales figures better than analysts had expected.

The stronger-than-expected performance is largely due to an increase in e-commerce, which has helped to bolster adidas after it was forced to close 70% of its stores around the globe. Store operations are slowly beginning to return to normal, however, with nine out of 10 stores around the world now open. Customer numbers are still down for in-store shopping, but a higher percentage of visitors are buying.

This points to adidas’ recovery continuing into the third-quarter of 2020, although revenue is still expected to fall by a single-digit figure from the same period last year. Overall, adidas expects to have an operating profit in the next quarter of €600 million EUR to €700 million EUR (approximately $710 million USD to $830 million USD), a …

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Liked Mirzapur 2? Watch these 7 similar shows & movies on Amazon Prime Video, Netflix, ZEE5 & Disney+ Hotstar | GQ India [Video]

Gurgaon, Aarya, Kanpuriye & more, here are 7 shows & movies on Amazon Prime Video, Netflix, ZEE5 & Disney+ Hotstar after youve binge-watched Mirzapur 2

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Amazon has declined to stream Hoover Institution senior fellow Shelby Steeles timely documentary, What Killed Michael Brown?,which Steele claimed onThe Story with Martha MacCallum" is due to his rejection of a Black victim mentality.