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Adidas and Puma are expected to raise prices in the U.S. after Nike increased footwear costs, as rising import tariffs push up expenses across the sportswear industry.
Adidas and Puma are expected to raise prices in the U.S. after Nike’s move to increase costs on some footwear by up to $10, as new tariffs drive up import expenses.
Adidas and Puma are likely to raise prices on running shoes and sportswear in the U.S., analysts say, after Nike announced it will hike prices by up to $10 on footwear costing more than $150 starting next week.
Nike's decision, described as part of its seasonal pricing strategy, comes as U.S. tariffs - 10% across the board and up to 46% on imports from Vietnam - drive up costs for all retailers. Although Nike did not mention tariffs, analysts suggest the move signals an industry-wide shift.
"This was the moment Adidas and Puma were waiting for," said UBS analyst Robert Krankowski, noting both brands had previously held off on price hikes until a competitor moved first.
Puma stated on Thursday that it is in discussions with U.S. partners but has yet to decide on pricing changes. Adidas has not commented.
The extent of future increases will depend on consumer demand and brand strength. Adidas’ popular Samba and Gazelle models could see modest price hikes, while Puma may face challenges given slower U.S. sales.
Swiss brand On also plans to raise U.S. prices in July on select models, aligning with its premium market positioning rather than reacting directly to tariffs.
With weakening U.S. consumer sentiment and rising inflation expectations, brands are expected to tread cautiously to avoid oversupply and discount-driven losses.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
Thousands of protesters rallied in Bangkok on Saturday, demanding Prime Minister Paetongtarn Shinawatra resign as political and economic tensions mount.
Gold prices edged higher on Monday after slipping to their lowest level in more than a month, supported by a weakening U.S. dollar and easing geopolitical tensions that have tempered safe-haven demand.
The French Riviera town of Cannes will restrict large cruise ships from docking starting from January 2026, as part of new efforts to manage over tourism and protect local infrastructure.
Polish refiner Orlen will not buy Russian oil for its Czech refinery after 30 June, Chief Executive Ireneusz Fafara said on Monday. "We freed Central Europe from Russian oil today," Fafara stated.
Starting today, British car and aerospace manufacturers will benefit from significant tariff reductions when exporting to the United States, thanks to the implementation of a landmark UK-US trade agreement. This move is expected to safeguard thousands of jobs in the United Kingdom.
Oil prices fell on Monday as an easing of geopolitical risks in the Middle East and the prospect of another OPEC+ output hike in August improved supply expectations amid persistent uncertainty over the outlook for global demand.
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