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Adidas Will Pay a Month's Rent After the Apology



Faced with an extremely adverse reaction, Adidas apologized and said it would still pay rent for April.
Adidas store

Earlier, we wrote that several large retailers, including the famous sportswear manufacturer Adidas, have announced the decision to refuse to pay rent for closed stores during the quarantine period in Germany. Only small private landlords could count on receiving money. It was stated that due to the inability to do business properly around the world, even such a large company is not able to withstand such loads.

This statement caused an extremely adverse reaction from the German government and ordinary citizens, including in other countries. Social networks were filled with criticism of such a position. Thus, a well-known politician and Vice-President of the European Parliament Katharina Barley said that she would now boycott Adidas products - a situation that many consumers have supported.

All this forced the manufacturer to reconsider its decision. The company called it "a mistake that lost credibility" and said it would pay the rent for April and would do everything to correct the situation.

The company is now in the process of reviewing its plans and streamlining its internal processes to minimize losses. Layoffs may follow - Germany has a government scheme that allows companies to lay off employees while the government covers part of their wages. The salaries of top managers will also be reviewed, and the buyback of shares will be stopped. However, Adidas warns that despite all these measures, additional loans may still be required to mitigate the crisis.

More about shopping malls in Germany



YESTERDAY, Italy:
Fendi Casa is starting a new stage of life and hopes that the partnership with Italian Design Holding will strengthen the position of the luxury furniture brand in the world market.
YESTERDAY, Sweden:
The long-awaited scheme to buy back and resell used furniture is expected to reduce the number of items sent to landfills.
DAY BEFORE YESTERDAY, China:
According to the concept's authors, shopping malls don't have to be "bright, white, and shiny," according to the authors of the idea.
DAY BEFORE YESTERDAY, USA:
After a video of a drone flying through a bowling alley went viral, mall executives invited its creators to make a video about the mall.
Apr 30, 2021, USA:
The store is just full of experiences, with little visitors and their parents having plenty of fun and entertainment.
Apr 29, 2021, USA:
Although restaurant operations have been suspended in many countries, the U.S. divisions of popular restaurant chains report revenue growth.
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