Adidas, Puma expected to hike prices due to tariffs following Nike's lead: ‘Moment they were waiting for'
1. Nike to raise prices by up to $10 on select shoes next week. 2. Adidas and Puma likely to follow Nike's lead in price hikes. 3. US tariffs are increasing costs for retailers across the industry. 4. US consumer sentiment is declining, impacting demand for sportswear. 5. Vietnam faces potential 46% tariff increase, affecting manufacturing costs.