The German sportswear giant increased its outlook for the year, despite a drop in sales in Greater China.
has increased its outlook for the year, despite a drop in sales in China where some consumers have boycotted the sportwear brand for its stance against alleged human rights abuses.
"We are seeing North America, Latin America and Europe having a very, very strong growth and we are seeing uncertainty in China, but I am very, very convinced that China will be very, very successful also for this year," Kasper Rorsted, CEO of Adidas, told CNBC's Squawk Box Europe. Rorsted said online sales were undergoing some "normalization" from the abnormal levels seen last year, but he still expects "strong growth" in e-commerce going forward.
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