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Adidas’ stock price plummeted by double-digit percentages following US President Trump’s announcement of new tariff packages, sparking concerns about the sportswear industry’s ability to navigate trade tensions.

A court has ordered Adidas to stop advertising its goal of becoming climate-neutral by 2050, citing concerns that the claim is misleading, and its stock price has declined as a result.

Adidas has reported a decline in sales, outpaced by competitor Nike, amidst market challenges and a struggling product line revamp.

Adidas, once the dominant force in the sports market, is facing a crisis of confidence and struggling to recover from a decline in stock value, with its rival Puma gaining ground and a court battle looming.

Adidas’ stock price declined 3.09% amid ongoing business developments, including a new sponsorship deal with Liverpool FC and a court case related to a trademark dispute.

The sports apparel market has taken a hit, with Adidas and Puma shares declining 1.3% and 2.2% respectively, following a disappointing outlook from US footwear company Skechers.

Adidas shares have plummeted 1.3% in the DAX index due to a disappointing outlook from US shoe manufacturer Skechers, sparking concerns about the company’s ability to compete in a rapidly changing market.