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Adidas, Puma Expected to Hike Sportswear Prices Following Nike as US Tariffs Hit
U.S. President Donald Trump has imposed a blanket 10% tariff on all imports, and hit China with a higher tariff of 30%. More worrying for sportswear brands, the key footwear and clothing manufacturing hub of Vietnam faces the threat of a steep 46% tariff returning in July.
Nike announces price hikes on shoes and apparel — what you need to know
Starting June 1, Nike shoes that cost more than $100 will see prices rise as much as $10. Clothing and equipment will go up between $2 and $10. According to the BBC, shoes like the Air Force 1s and shoes that are under $100, will not get retain their current prices. Children's products and Jordan-branded clothing and accessories are also exempt.
Companies that say they're raising prices due to tariffs are in the president's social-media crosshairs and face accusations ...
US makers of toilet paper and toothpaste, squeezed between weak consumer demand and higher costs from tariffs, are searching ...
Major chains are fighting two battles at once: a financial battle to keep costs low in the face of new tariffs, and a political one to avoid the president's wrath.
Adobe's new "Creative Cloud Pro" plan now comes with a new name, a bigger bill, and not much else. Here's how the price tiers ...
Skyrocketing prices might not be top of mind this spring. But many economists warn that consumers should get ready to pay ...
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Walmart opened the door for retailers to hike prices over tariffs, but Home Depot doesn't plan to. Digging into each business ...
While the macroeconomic backdrop and long-term dynamics remain worrisome, Williams-Sonoma’s (NYSE:WSM) recent price hikes ...
U.S. businesses may have run out of strategies to delay changing prices or employment in response to higher import taxes, ...
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