US shoe imports from China see worst January in decade

US shoe imports from China see worst January in decade

A pedestrian walks by a large Adidas logo and German multinational sportswear shop. Miguel Candela | SOPA Images | LightRocket via Getty Images First there was the trade war. Then, the coronavirus struck. U.S. footwear imports from China just had their worst January...
The new coronavirus is ‘a painful setback’

The new coronavirus is ‘a painful setback’

Adidas CEO Kasper Rorsted said the coronavirus outbreak has dealt “a painful setback” for the company’s business. “In the sporting goods industry, you are really at the end of the food chain,” Rorsted told CNBC’s Sara...
At least 150 companies have warned investors

At least 150 companies have warned investors

David Paul Morris | Bloomberg | Getty Images About 150 publicly-traded companies have warned investors of the threat COVID-19 poses, with several anticipating they’ll miss guidance in the March quarter.  The new coronavirus was first discovered in December in...