Sportswear companies Puma and Adidas warned of a hit from coronavirus on sales, following similar comments from rivals Nike and Under Armour
HERZOGENAURACH, Germany—Puma SE and Adidas AG warned of a hit from the coronavirus on this year’s sales, sharpening concerns about how the outbreak is affecting the athletics gear industry that has long looked to China as both a market and a production base.
The sportswear companies, both of which are based in the Bavarian town of Herzogenaurach, said Wednesday the epidemic had led to significant stores closures in China and the dampening effect on demand was spreading to other Asian countries.
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