Adidas, Nike and Puma shares drop after Foot Locker warning
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Dow Jones
Adidas shares fell 4% and Puma shares dropped 5%, as both apparel makers suffered from the profit warning at Foot Locker. Foot Locker reported a softening of trends in July and price-sensitive customers. Last year, Adidas announced a strategic partnership with Foot Locker, with the German apparel maker leading the chain's basketball offering. Nike shares (NKE) fell 4% in premarket action.
-Steve Goldstein
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08-23-23 0734ET
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