About: http://data.cimple.eu/news-article/640c34aea20f0f9e86afb9e56520018e2358a0988f23d0871085a5d9

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About: http://data.cimple.eu/news-article/640c34aea20f0f9e86afb9e56520018e2358a0988f23d0871085a5d9 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	German sportswear maker Adidas said Wednesday store closures in China had brought plummeting sales since the beginning of the novel coronavirus outbreak in late January. "Our business activity in Greater China has been around 85 percent below the prior year level since Chinese New Year on January 25," the Bavarian company said in a statement. Adidas said it faced "a significant number of store closures" on its roster of 500 owned stores and 11,500 franchises in China, while many fewer people are shopping at those which remain open. The group's "Greater China" region, which includes Taiwan and Hong Kong, has for years been one of the fastest-growing areas of the world for Adidas sales. And the Asia-Pacific region as a whole accounted for around one-third of Adidas' 6.4 billion euros ($6.9 billion) in revenues in the first nine months of 2019. Despite the novel coronavirus' spread to some other countries in the region, "we have not yet observed any major business impact outside of Greater China," the company said. Looking ahead, Adidas said it could not predict how big the impact of the virus would be on its annual results. Bosses will provide an update when the company releases its 2019 earnings data on March 11, it added. jpl-tgb/kih/jh
schema:headline	Coronavirus brings Adidas sales collapse in China
schema:mentions	Clothing Chinese New Year Adidas Taiwan Hong Kong Virus China Coronavirus Severe acute respiratory syndrome coronavirus 2 Greater China Asia-Pacific
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-02-19 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	70 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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