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Adidas, Puma, and JD Sports shares slump after Nike warning

Por: MarketWatch Business December 22, 2023

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Adidas shares fell 6% on Friday having increased by 46% over the previous year. Puma shares dropped 5% having fallen by 7% over the past 12 months. JD Sports shares fell 5% having risen 39% over the past year. The share price drops followed Nike’s decision to lower its guidance for the year ending in May, due to an anticipated drop in consumer spending which threatens to hit the sportswear sector’s revenues. , compared to its previous... + full article



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