Adidas warns it will raise prices on all U.S. products due to tariffs
- Adidas announced it will raise prices for all of its U.S. products due to increasing tariffs from U.S. trade policies, as stated by CEO Bjorn Gulden.
- The company reported a net profit increase of 428 million euros in the first quarter, despite tariff challenges.
- Tariffs from the U.S. are impacting Adidas's operations, especially since most of its production is in Asian countries like China and Vietnam.
- Adidas is experiencing market uncertainties and cautioned that these could negatively affect its performance later in the year.
98 Articles
98 Articles
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THE CEO of Adidas has issued a bleak message to US shoppers about its future. The iconic sportswear brand has joined the growing list of retailers stressing the uncertainty the sector faces over rising prices. GettyThe iconic sportswear brand has joined the growing list of retailers stressing the uncertainty the sector faces over rising prices[/caption] Adidas’ CEO Bjørn Gulden has warned that the company is uncertain how tariffs will impact its…
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