Adidas to project $ 1.2 billion in lost sales in the coming months. In today’s top retail news, strong demand coupled with supply chain bottles is pushing for higher inflation.
In particular, Poshmark, despite a supply opportunity, reported lower-than-expected sales in the third quarter as it reacted to Apple’s changes to privacy plans, and Netflix was partnering with luxury brands before the launch. season of “Emily in Paris.”
President Joe Biden spoke with senior executives from Walmart, Target, UPS and FedEx earlier this week in an effort to get the market faster, as snarled supply chains and transfer delays continue to concern retailers, customers and consumers. other as the holidays approach. Describing a complete storm of supply and demand issues, the U.S. Bureau of Labor Statistics said inflation hit a 30-year high, rising at an annual rate of 6.2%.
German sportswear giant Adidas expects sales to hit € 1 billion ($ 1.2 billion) in the next two quarters due to supply chain chains expected to continue into the early part of 2022. Business chief Harm Ohlmeyer said in By the end of September, 30% of the global stock market was moving, and the company had lost 20 weeks of production due to factory closures in Vietnam.
Resale Market Poshmark reported lower-than-expected sales in the third quarter as the company grapples with the impact of Apple’s privacy changes in its iOS system, the latest digital tends to notice a setback because of updates. The results stand in stark contrast to reports earlier this week from competitors thredUP and The RealReal, which said they saw the world make headlines as rival retailers struggled with supply chain issues.