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In this issue

Adidas is going to shut its Ansbach and Atlanta Speedfactories with the aim to deploy the technology at Asian suppliers soon. The company expects this to result in better utilization of existing production capacity and more flexibility in product design. If it has disappointed a lot, the release by Wolverine World Wide did just the opposite. It announced that its third-quarter earnings topped estimates. In its financial report for the period ended Sept. 28, the footwear manufacturer logged adjusted diluted earnings per share that climbed 9.7% to 68 cents, 6 cents above Wall Street estimates. Revenues rose 2.8% to $574.3 million, roughly in line with consensus bets of $574.5 million. ...What is apparent is that outlooks are gloomy, but what makes it different is that everyone is resilient. It’s hoped that this will pass soon like any other storms in the past. Taking this opportunity, we would like to wish you a merry christmas and a happy 2020.

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