German sportswear company Adidas (ADSGn.DE) sees only a short-term impact from Chinese calls in March for a boycott of its products, raising its 2021 sales forecast on Friday as it expects a resumption of big sporting events to drive demand.
Adidas now sees sales growing at a high-teens percentage rate in 2021, compared with a March forecast for mid-to-high teens growth, with a jump of around 50% expected in the second quarter.
It said the acceleration would be driven by new products such as Ultraboost running shoes that are designed to be recycled, as well as big events like the European…
