Adidas does not expect an increase in sales in Russia
10.03.2016 7482

Adidas does not expect an increase in sales in Russia

According to the results of last year, Russia closed 167 of unprofitable Adidas stores, the revenue of the German sports concern in Russia and other CIS countries fell by 32,7% to 739 million euros. In rubles, the company's sales decreased by 10,6%, despite the fact that the Russian division remained profitable in all quarters of 2015 of the year. Adidas does not expect revenue growth in Russia in the 2016 year, here the forecast for financial indicators remains at the level of last year, and store closes will continue this year.

In Russia, at the end of last year, 167 unprofitable Adidas stores were closed, the revenue of the German sports concern in Russia and other CIS countries fell by 32,7% to 739 million ...
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