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adidas apologises after backlash over refusing to pay rent amid coronavirus scare

Indiaretailing Bureau -
German sportsgear maker adidas on Wednesday said it had made ‘a mistake’ when it decided not to pay rent on its shuttered shops in April, after the move sparked a widespread outcry. adidas was one of a string of...
Retail

Metro posts operating loss at Media Markt, Saturn shops

Indiaretailing Bureau -
Metro AG (MEO) said its Media-Saturn household electronics unit posted an operating loss of 44 million euros ($64 million) in the second quarter as sales dropped. Media-Saturn had a “strong” decline in comparable sales in Germany in the period,...
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In FocusAbhisar Narula -

The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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