Stock 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, ...

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 ...

Retailers may not be able to fully offset these tariffs, as countering the impact of the levies on Vietnam alone would require price increases of 10% to 12%, analysts say.

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 ...

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 ...

"If the Trump administration's tariffs have a positive impact on the US dollar and it ... is no surprise that shares in the likes of Nike, Adidas and Puma have all fallen sharply, with fears ...

Retailers may not be able to fully offset these tariffs, as countering the impact of the levies on Vietnam ... in its 2024 financial year, while Adidas relied on the Asian nation for 39% of ...

British sportswear retailer JD Sports forecast little or no profit growth this year, even before any potential impact from ...

Proposed U.S. tariffs on Vietnamese imports could significantly impact Nike (NYSE ... could strain profitability amid softening sales. Adidas (ADDYY), which manufactures 39% of its footwear ...

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 ...