Latest news with #Ultraboosts
Yahoo
19-05-2025
- Business
- Yahoo
Adidas CEO: Company will raise prices due to tariffs, can't make products in US
Iconic sportswear and footwear giant Adidas said Tuesday that the price of all its products will rise in the U.S. due to President Donald Trump's tariffs. "Since we currently cannot produce almost any of our products in the U.S., these higher tariffs will eventually cause higher costs for all our products for the U.S. market," CEO Bjørn Gulden said in a statement on the German company's first quarter results released April 29. The brand, best known for sneakers like the Adidas Sambas and Ultraboosts, sources and manufactures many of its products and product components from countries like China, Vietnam, Indonesia, India and Cambodia. China is currently still saddled with a 145% import tariff, and the others were slated for tariffs ranging from 26% to 49% before Trump's 90-day pause initiated on April 9. In the meantime, the blanket 10% levied against most countries still has an impact on business, Gulden said. "Although we had already reduced the China exports to the U.S. to a minimum, we are somewhat exposed to those currently very high tariffs. What is even worse for us is the general increase in U.S. tariffs from all other countries of origin," he said in the April 29 statement. "Cost increases due to higher tariffs will eventually cause price increases." Parental woes: How tariffs could affect baby formula, diapers and other essentials Gulden said the company would not be sharing a year-ahead profit outlook due to the volatility of the current market, despite a "great" quarter. In the U.S., sales were up just 3% in the first three months of the year, when including the winddown of the sale of Yeezys due to the brand's terminated partnership with Kanye West. That number went up to 13% when excluding the Yeezy line. Sales were also up 26% in Latin America, 14% in Europe, and 13% in China, Japan, and South Korea, said the quarterly review. Net sales climbed 12.7% while operating margins rose 3.8 points to 9.9%, bringing the company's total operating profit to 610 million Euros ($695 million USD) in the first quarter. That's an 82% increase. Gulden said that despite the overall positive picture, it's currently "impossible" to quantify or conclude what impact tariff uncertainty will have on consumers. "In a 'normal world' with this strong quarter, the strong order book and in general a very positive attitude towards Adidas, we would have increased our outlook for the full year both for revenues and operating profit," Gulden said. "Given the uncertainty around the negotiations between the U.S. and the different exporting countries, we do not know what the final tariffs will be." He added: "Therefore, we cannot make any 'final' decisions on what to do." This article originally appeared on USA TODAY: Adidas CEO: Company to raise prices in wake of Trump's tariffs Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
USA Today
29-04-2025
- Business
- USA Today
Adidas CEO: Company will raise prices due to tariffs, can't make products in US
Adidas CEO: Company will raise prices due to tariffs, can't make products in US Show Caption Hide Caption White House: Amazon tariff announcement is 'hostile' The White House responded to reports that Amazon plans to display the share of items' costs derived from tariffs, calling the move "hostile." Iconic sportswear and footwear giant Adidas said Tuesday that the price of all its products will rise in the U.S. due to President Donald Trump's tariffs. "Since we currently cannot produce almost any of our products in the U.S., these higher tariffs will eventually cause higher costs for all our products for the U.S. market," CEO Bjørn Gulden said in a statement on the German company's first quarter results released April 29. The brand, best known for sneakers like the Adidas Sambas and Ultraboosts, sources and manufactures many of its products and product components from countries like China, Vietnam, Indonesia, India and Cambodia. China is currently still saddled with a 145% import tariff, and the others were slated for tariffs ranging from 26% to 49% before Trump's 90-day pause initiated on April 9. In the meantime, the blanket 10% levied against most countries still has an impact on business, Gulden said. "Although we had already reduced the China exports to the U.S. to a minimum, we are somewhat exposed to those currently very high tariffs. What is even worse for us is the general increase in U.S. tariffs from all other countries of origin," he said in the April 29 statement. "Cost increases due to higher tariffs will eventually cause price increases." Parental woes: How tariffs could affect baby formula, diapers and other essentials 'Impossible' to know how tariffs will impact prices: Adidas CEO Gulden said the company would not be sharing a year-ahead profit outlook due to the volatility of the current market, despite a "great" quarter. In the U.S., sales were up just 3% in the first three months of the year, when including the winddown of the sale of Yeezys due to the brand's terminated partnership with Kanye West. That number went up to 13% when excluding the Yeezy line. Sales were also up 26% in Latin America, 14% in Europe, and 13% in China, Japan, and South Korea, said the quarterly review. Net sales climbed 12.7% while operating margins rose 3.8 points to 9.9%, bringing the company's total operating profit to 610 million Euros ($695 million USD) in the first quarter. That's an 82% increase. Gulden said that despite the overall positive picture, it's currently "impossible" to quantify or conclude what impact tariff uncertainty will have on consumers. "In a 'normal world' with this strong quarter, the strong order book and in general a very positive attitude towards Adidas, we would have increased our outlook for the full year both for revenues and operating profit," Gulden said. "Given the uncertainty around the negotiations between the U.S. and the different exporting countries, we do not know what the final tariffs will be." He added: "Therefore, we cannot make any 'final' decisions on what to do."
Yahoo
19-03-2025
- Entertainment
- Yahoo
Run, don't walk: These celeb-loved Adidas sneakers are up to 50% off
For as long as I can remember, it's been cool to wear Adidas. But nowadays, the iconic brand has been elevated to a status symbol. Everywhere you turn, you see stars sporting chic, comfy kicks with the brand's signature stripe logo emblazoned across them. You've got Olivia Wilde working out in her springy Ultraboosts, Sara Paulson strolling around town in her retro Run 70S shoes and Drew Barrymore pledging her devotion to a pillowy pair of Nizzas. Khloe Kardashian and Meghan Markle have been spotted in the nurse-approved Cloudfoams, too. As luck would have it, all of these styles (and more celeb favorites) are up to 50% off at Adidas' spring sale, happening right now. There's never been a better time to hop aboard the Adidas train with a chic new pair of seakers designed for all-day comfort. Many of the celeb-loved picks incorporate heavenly features like breathable knit uppers, pillowy midsoles that absorb shock and molded heel counters for stability. There's even a pair of ergonomic beach slides that Courteney Cox can't get enough of. And many of these styles are loaded with reviews from shoppers raving about their comfort and performance. Ready to step into spring with a new pair of tried-and-true shoes at a price that's a breath of fresh air? Reach for the stars with these eight sale-priced Adidas styles that are hot enough for Hollywood. The reviews quoted above reflect the most recent versions at the time of publication.
Yahoo
19-03-2025
- Entertainment
- Yahoo
Run, don't walk: These celeb-loved Adidas shoes are up to 50% off
For as long as I can remember, it's been cool to wear Adidas. But nowadays, the iconic brand has been elevated to a status symbol. Everywhere you turn, you see stars sporting chic, comfy kicks with the brand's signature stripe logo emblazoned across them. You've got Olivia Wilde working out in her springy Ultraboosts, Sara Paulson strolling around town in her retro Run 70S shoes and Drew Barrymore pledging her devotion to a pillowy pair of Nizzas. Khloe Kardashian and Meghan Markle have been spotted in the nurse-approved Cloudfoams, too. As luck would have it, all of these styles (and more celeb favorites) are up to 50% off at Adidas' spring sale, happening right now. There's never been a better time to hop aboard the Adidas train with a chic new pair of seakers designed for all-day comfort. Many of the celeb-loved picks incorporate heavenly features like breathable knit uppers, pillowy midsoles that absorb shock and molded heel counters for stability. There's even a pair of ergonomic beach slides that Courteney Cox can't get enough of. And many of these styles are loaded with reviews from shoppers raving about their comfort and performance. Ready to step into spring with a new pair of tried-and-true shoes at a price that's a breath of fresh air? Reach for the stars with these eight sale-priced Adidas styles that are hot enough for Hollywood. The reviews quoted above reflect the most recent versions at the time of publication.
NBC News
18-02-2025
- Lifestyle
- NBC News
Nordstrom is discounting running and walking sneakers — these are all the best deals to shop right now
Spring is coming up quickly, and now is a great time to invest in a new pair of sneakers for your upcoming outdoor activities. Whether you're in need of walking or running shoes, you can find what you're looking for during Nordstrom's sneaker sale, which has up to 65% off on some of our favorite brands. Below, I rounded up some of the best deals on sneakers at Nordstrom right now, including options our NBC Select editors love. However, things are selling quickly, so I recommend shopping as soon as possible. Hoka Mach 6 Running Shoe This is our favorite lightweight running shoe due to its semi-firm cushioning that keeps your feet close to the ground and a durable rubber outsole that gives the sneaker extra grip, says NBC Select associate reporter Bianca Alvarez. She likes that they help her move around freely without weighing her down, plus the shoe's tongue is attached to the upper, which keeps it in place as you run. I got my first pair of Ultraboosts as a gift back in 2018, and they lasted me over six years as my go-to gym shoes. They have a cushioned, springy sole that's comfortable for walking, working out and all-day wear, in my experience. They're made from recycled ocean plastic that gives the sneaker lots of stretch, so it can give your feet gentle but still firm support, according to the brand. I also love that the shoes are designed to be pull-on, so no need to fuss with laces; you just slide your feet in and you're good to go. Hoka Clifton 9 Running Shoe The Hoka Clifton 9 is our choice for best overall Hoka walking shoe because it has 'just the right amount of everything', says NBC Select reporter Zoe Malin. She walked for miles in these shoes and says they have great traction and a springy outsole that helps to propel her feet forward. NBC Select commerce editor Cory Fernandez also says they're very comfortable and fit true to size. These running shoes are designed for all-weather use — they have a rubber sole inspired by winter tires, which helps them grip the ground and channel water out of the way while you run, according to the brand. The sneaker's upper is made from a water-resistant mesh material, and the shoe also has removable, cushioned insoles for extra comfort. Saucony makes some of our favorite running shoes, and this model is made from a breathable mesh and foam for extra cushioning while you run, according to the brand. The mesh ventilates your feet and prevents excessive sweating, while the removable, cushioned insole helps with arch support, says Saucony. New Balance 550 Basketball Sneaker This sneaker is made from a strong, synthetic leather that can easily hold up to wear and tear that comes with playing basketball outdoors, according to the brand. It's highly rated with a 4.3-star average rating from 24 reviews at Nordstrom, and has soft, fabric details that add to the vintage design. You can use these sneakers for both running and everyday wear. They have a gel cushion that's designed to absorb impact as you walk for more comfort, and a knit upper for breathability, according to the brand. The sneaker also has reflective details to make them visible in the evening and during night runs, according to Asics. We're huge Brooks fans at NBC Select, and this model is ideal for all-weather running. The mesh upper is covered in a water-resistant layer that helps protect it against rain and puddles, according to the brand. The shoe also has increased cushioning, plus a 4.1-star average rating from 53 reviews at Nordstrom. Salomon Speedcross 3 Trail Running Sneaker You can wear these Salomon sneakers in any terrain, according to the brand. They have a one-pull lace system that makes it easy to slip them on and off, and includes mudguards and added traction on the soles for rougher terrain. The sneakers also have extra cushioning for comfort while hiking, according to the brand. More Nordstrom deals to shop now Up to 60% off Nike Up to 60% off AllSaints Up to 60% off Tory Burch Up to 60% off Vince Why trust NBC Select? I'm an associate SEO reporter for NBC Select who's been covering deals and sales for over a year. To find the best deals from the Nordstrom sneaker sale, I rounded up highly rated, on-sale sneakers, as well as items our NBC Select editors love.
