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German sportswear giant Adidas raised its full-year profit forecast after reporting a record third-quarter operating profit, supported by a US tariff refund and strong full-price sales. The company’s operating profit rose 37% to €1.008 billion from €736 million in the same period last year, according to Reuters on October 20, 2026. Adidas received approximately €200 […]
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Since the invasion of Ukraine in February, Nike is the most recent Western company to announce plans to depart Russia. In March, the US sportswear juggernaut stopped accepting online orders and shut its local stores. Local partners’ stores continued to be open, but the company is ending their contracts with them. Networking behemoth Cisco recently […]