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Adidas reports 150% sales hike in China despite local boycott over human rights – CNBC

Adidas said sales in China grew by 156% over the first three months of the year, despite a boycott by consumers in mainland China.

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LONDON Adidas is more confident about sales this year as it notes stronger-than-expected demand for its products across the world, despite a boycott by consumers in mainland China.
The German sportswear retailer expects currency-neutral sales to rise at a “high-teens” rate this year, with a “significant” acceleration already seen in the second quarter, the company said on Friday.
“This acceleration will be fueled by an array of innovative product releases,” Adidas said in a statement. It expects…

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