Adidas quarterly profit plummets %, more than % of stores around the world closed

According to Reuters, Adidas stated that 60% of its business is currently at a standstill and more than 70% of its stores around the world are closed. Adidas’ first-quarter profit plummeted 93% to 65 million euros, and sales fell 19% to 4.75 billion euros. Since the outbreak, Adidas’ stock price has fallen by more than 1/3.