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Benzinga
Benzinga
Business
Henry Khederian

REVEALED: What s going on with nike stock | Rare Historical Photos

NIke NKE Lululemon Lululemon Athletica Inc Benzinga Edge
NikeKuala,Lumpur,,Malaysia,-,August,28,,2024:,Nike,Brand,Retail

Nike Inc (NYSE:NKE) shares are falling Friday in sympathy with Lululemon Athletica Inc (NASDAQ:LULU), as investors grew concerned that escalating U.S. tariffs on imported goods will pressure margins across the athletic apparel sector.

What To Know: Lululemon stock tumbled 18% after the company slashed guidance, citing the removal of the de minimis exemption, which previously allowed duty-free imports under $800, and higher tariffs on goods from hubs such as China and Vietnam.

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