Sportswear, fashion retailers rally in Europe after temporary tariffs reprieve

Zalando SE

10/04/2025 08:45

** Shares in European sportswear and fashion retailers jump on Thursday as U.S. President Donald Trump paused tariffs on many countries

** Adidas ADSGn.DE is up around 10% after falling 16% over the past five trading sessions

** Puma PUMG.DE jumps 11%, British sportswear retailer JD Sports JD.L climbs 11%

** Fast-fashion retailers H&M HMb.ST, Inditex ITX.MC rise 6% and 4%, respectively

** Their shares dropped sharply after Trump announced tariffs on key manufacturers of sportswear and apparel, including Vietnam and Indonesia

** Online fashion marketplace Zalando ZALG.DE also up around 10%

 (Reporting by Anna Pruchnicka)

 ((anna.pruchnicka@tr.com))