Adidas Sees a Slight Return Into Stores in China, Says CEO

The transcript discusses the impact of COVID-19 on a sporting goods company, focusing on its performance in China and Europe. Despite short-term challenges, the company remains optimistic about its long-term strategy and resilience. The potential impact of sporting event cancellations is acknowledged, but the company believes it will not significantly affect its strategic position.

What was the reported decline in business in China during February?

• 85%

• 50%

• 30%

• 70%

How does the company view its financial position amidst the European market challenges?

• The company is financially stable with no debts.

• The company is seeking financial aid.

• The company is heavily in debt.

• The company is planning to downsize.

What is the company's perspective on the long-term impact of the virus on the sporting goods industry?

• The fundamentals remain unchanged.

• The industry will face permanent changes.

• The industry will collapse.

• The industry will need to completely restructure.

How does the company plan to handle the cancellation of sporting events?

• By focusing on long-term strategies.

• By closing stores.

• By increasing marketing spend.

• By reducing production.

What is the company's approach to dealing with short-term challenges?

• Ignore the challenges.

• Focus on long-term decisions and maintain a strong balance sheet.

• Panic and react quickly.

• Seek government assistance.