Adidas reports 6 percent sales increase in North America

//Adidas reports 6 percent sales increase in North America

Adidas reports 6 percent sales increase in North America

Adidas on Thursday reported a nearly 6 percent increase in quarterly sales in North America, but it also reported a disappointing 1.5 percent decrease in North American gross margin. The company said gross margin was affected by higher air freight costs and increased sales of less-expensive shoes, possibly meaning Adidas had to discount some products in North America, a sign that demand for its products could be cooling. Adidas also has had supply chain problems in North America. Overall, North…

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By | 2019-08-08T21:44:12+00:00 August 8th, 2019|Sports|

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