Adidas closes "considerable" number of shops in China due to coronavirus

German sportswear company Adidas on Wednesday said it was closing a "considerable" number of its shops in China, where the fast-spreading coronavirus has killed nearly 500 people and infected thousands.

"We can confirm that we are currently experiencing a negative impact on our business in China. However, it is too early to assess the extent of this impact at the moment," a spokeswoman said.