General Mackevili wrote: ↑Sun Aug 19, 2018 2:10 pm Adidas is my go-to brand these days. Can't go into a sportswear shop to buy a pair of Adidas shoes, socks and a couple t-shirts without spending over $200 though.

armchairlawyer wrote: ↑Sun Aug 19, 2018 2:05 pm https://www.phnompenhpost.com/business/ ... -expansion

The owner quoted three reasons for the "huge" fall in profits:
1. Shift in markets from Europe to Asia. (Translate - Europeans buying less and Asians won't pay such high prices)
2. Increase in labour costs, salaries going up.
3. Rising spending on admin (???)

His solution:
1. Cut costs (no salary increases for a while).
2. Get Adidas to buy more stuff and/or pay higher prices (good luck with that one - see above).

With continued downturn in Europe and the downturn just beginning in the USA, things don't look too bright for the factory owners. Heaven forbid if tariffs get imposed by the USA or EU.

IraHayes wrote: ↑Sun Aug 19, 2018 4:36 pm
The US is enjoying an economic boom atm. Forecasts for the 2nd quarter are predicted to be 4% (JP Morgan).
The Fed’s median projection for this year is a 2.8 percent expansion, short of the Trump administration’s three percent goal. But that would be the best annual performance for the economy since 2005, prior to the housing bust, the financial crisis, and the Obama administration’s ill-fated stimulus attempts.
Maybe you were thinking of Europe?