News
Hosted on MSN14d
How tariffs impact major sportswear brandsStock in major sportswear brands took a nosedive Thursday on the heels of President Donald Trump’s new slate of global tariffs that will hit the sources of their products particularly hard. Nike, ...
For its footwear, Vietnam (46% tariff) is Adidas' main sourcing country— in 2023, 38% of the total volume was made there.
Nike stock was down nearly 13% Thursday morning on the news. The company produces 59% of its apparel in Vietnam, China and Cambodia, which were hit with tariffs of 46%, 34% and 49%, respectively. The ...
In the last decade, both Nike and Adidas, global brands ... The reciprocal tariffs imposed by the United States are expected to impact major footwear brands. Nike expects a fall in gross margin ...
Retailers may not be able to fully offset these tariffs, as countering the impact of the levies on Vietnam alone would ...
Prices of Nike Jordan and Adidas Samba sneakers are likely ... Retailers may not be able to fully offset these tariffs, as countering the impact of the levies on Vietnam alone would require ...
2don MSN
A growing trade war between the U.S. and China is raising concerns about the cost and supply of imported goods supply of imported goods — including sneakers.
British sportswear retailer JD Sports forecast little or no profit growth this year, even before any potential impact from ...
Shares in Adidas tumbled by a tenth last Thursday ... to raise prices for both Americans and Brits to help offset the tariff impact – without passing on the full extra costs to the Americans.
Nike, Adidas, Puma and others saw shares drop sharply after Trump imposed hefty tariffs on countries, including Vietnam, Indonesia and China, where those companies make many of their products ...
Results that may be inaccessible to you are currently showing.
Hide inaccessible results