Adidas’ five-year plan calls for big e-comm investment
March 10, 2021
Adidas is looking to drive sales growth at an annual clip of 10 percent and plans to get there with a major investment in its consumer-direct online business. The company would like half of its sales to come from consumer-direct channels by 2025.
Recent News
McDonald’s Might Relaunch $5 Meal Deals
McDonald’s is gearing up to launch a $5 meal deal in the US, aiming to attract cost-conscious consumers back into its stores. The proposed deal may include a McChicken or a McDouble, accompanied by fries and a drink.
US Plans Tariffs on Chinese Electric Vehicles
The Biden administration intends to announce new tariffs on Chinese electric vehicles (EVs), possibly reaching 100%, along with additional import taxes on various Chinese goods, including semiconductors. This move aims to safeguard American manufacturing interests, amidst concerns that China’s competitive pricing may undermine US efforts to boost domestic clean energy production.
Columbus Walmart Shutdown Sparks Equipment Auction
A Walmart store in Columbus, Ohio, ceased operations due to underperformance and is now auctioning off its remaining retail equipment and merchandise. Located at 3579 S. High St., the store closed its doors in February, prompting a liquidation auction scheduled for Friday.
Lucid’s Anticipated Mid-Size EV SUV: Earth
Lucid Motors is on the brink of unveiling its latest addition to the electric vehicle market: a mid-size SUV priced below $50,000. This upcoming model, potentially named “Earth,” has garnered attention following trademark filings with the United States Patent and Trademark Office (USPTO), including “Earth Dream Edition” for a top-tier trim.