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Footwear giant Adidas announced Tuesday July 26 that its adjusting its outlook for this year downward, citing a slower-than-expected recovery across Greater China since the start of the third quarter and the potential for slowdowns in other markets as a recession looms.The downward adjustment comes despite adidas second quarter results exceeding expectations thanks to strong momentum in Western markets and a return to growth in Asia-Pacific, according to the company press release.The adjusted forecast says the companys revenues in Greater China will likely decline at a double-digit rate for the rest of this year, with COVID-19 restrictions remaining in place across most of the region, an unexpected result at a time when the company assumed lockdowns would be largely ending.Still, the overall picture for Adidas remains strong, according to the press release. The company continues to expect double-digit revenue growth during the second half of the y
stanley thermos ear for the total company, the press release says. In addition
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stanley cup ables, the acceleration will be driven by adidas strong product pipeline, the restocking opportunity with its wholesale customers given unconstrained supply as well as the support from major sporting events, according to the release.So, while we might not yet see a return to pre-pandemic normalcy in China and the surrounding regions, the global outlook is strong for Adidas for the rest of the year.Related: Nike Boosts Deals, Partnerships Lfvu Toys R Us Is Back With Experiential Retail
The PYMNTS team caught up with experts in the payments fiel
stanley us d to ask them their views on industry trends, predictions for the coming year and what their ideal payments system looks like.Daniel Weiss, CEO of Chartwell Compliance, shared his opinions on how the payments industry has rolled with the punches throughout 2015, and how it might react to the challenges of the years to come.PYMNTS: What have been some of the recurring themes in the payments and financial services industries this past year DW: One of the main themes that I
kubki stanley 8217;ve seen is the expansion of who required to become licensed as a money transmitter if you ;re operating in the payments industry. It used to consist of companies that are conventional agent-based money transmitters. Over time, more and more FinTech businesses have evolved, which weren ;t able to be regulated because they were online or operating overseas. Now, t
gourde stanley hough, the circle of who must be聽licensed keeps growing larger.PYMNTS: As 2015 gives way to 2016, what is the industry looking ahead to DW: There are more companies that want control over the whole online marketplace ecosystem, like Airbnb and Microsoft. I think you ;ll continue to see these business that people always viewed as services or for strictly tech perspectives becoming regulated certainly not of their own choice. But I think it ;ll help professionalize the industry. People imagine the FinTech industry is all T-shirts and pingpong tables, whic
