Pursuits

Adidas to Lufthansa Reel as Russia Standoff Impacts Sales

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European companies ranging from Adidas AG to Deutsche Lufthansa AG said unrest between Russia and Ukraine is dimming prospects for growth as consumers trim spending and suppliers shy away from ordering equipment.

Adidas scrapped a growth target for next year, citing a slump in demand for golf supplies in North America combined with turmoil in Russia, a country the German company previously called one of its three “attack markets” and where instead it will now close stores. Anheuser-Busch InBev NV said beer sales in Russia and the Ukraine fell in the second quarter, while Lufthansa saw a passenger drop on routes to the two countries.