LONDON (Reuters) -Adidas and Puma are likely to hike prices for running shoes and sportswear in the United States, following Nike's lead, analysts and investors said on Thursday, as U.S. tariffs on imports drive costs up for retailers. Nike on Wednesday said it would raise prices next week, charging up to $10 more for shoes currently costing more than $150, while keeping prices stable for products under $100. It is the biggest sportswear company by sales and market cap.
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The world's second-largest sports retailer said that added costs associated with tariffs could total 200 million euros ($231…
Sportswear giant has already announced price increases to partly mitigate the impact of US President Donald Trump’s tariffs.
Lurking in the background, as always, are the big macro questions about President Trump’s tariff deals.
Sportswear giant has already announced price increases to partly mitigate the impact of US President Donald Trump’s tariffs.
Sportswear company to significantly reduce manufacturing in China to mitigate impact of US trade policies
Company executives say the sportwear giant will cut its reliance on producing goods in China to ease the impact of US trade…
