The Weekly Closeout: Adidas headquarters searched, Amazon starts selling cars

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Retail Dive 18h ago

The Weekly Closeout: Adidas headquarters searched, Amazon starts selling cars - Retail Dive

Quick Summary:

The activewear brand is under investigation for tax and customs compliance, while the e-commerce giant is offering Hyundai cars through Amazon Autos.

The investigation is related to the sportswear giant’s compliance with import customs and tax regulations in Germany.“Adidas is cooperating with the authorities and providing the necessary documents and information,” the spokesperson said.“Compliance with legal requirements is of utmost priority for adidas.

From PetSmart’s bid to entertain dogs and cats this holiday season to Digital Brands Group’s reverse stock split, here’s our closeout for the week.