Lisa Scherzer
Editorial Director, News at Front Office Sports
Editorial director of news @frontofficesports.
Articles
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2 weeks ago |
frontofficesports.com | Lisa Scherzer
Tariffs will mean higher prices for consumers, Adidas said in its latest earnings report. In results that were pre-released last week, Adidas confirmed strong first-quarter numbers, reporting 13% higher sales compared with a year ago. But the German sportswear retailer said uncertainty around U.S. tariffs is keeping the company from updating its full-year guidance.
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2 weeks ago |
frontofficesports.com | Lisa Scherzer
Skechers is the latest company to pull full-year guidance because of broad economic uncertainty stemming from tariff policies. In its first-quarter earnings announcement Thursday, the third-largest footwear company reported record quarterly sales of $2.41 billion, 7% higher than the year-ago period, but 16% lower sales in China.
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1 month ago |
frontofficesports.com | Lisa Scherzer
The U.S. economic backdrop has nosedived since President Trump announced sky-high reciprocal tariffs affecting U.S. imports from all over the globe—and then pausing the decision a week later. As markets plummet, then surge, then drop again, no business sector seems safe. But investment bank Stifel thinks sports betting will be more resilient.
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1 month ago |
frontofficesports.com | Lisa Scherzer
President Trump announced on his Truth Social account that he will place a 90-day pause on some tariffs, walking back his announcement last week. Stocks soared on the news.
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1 month ago |
frontofficesports.com | Lisa Scherzer
Shares of sportswear retailers including Adidas, Nike, and On Holdings tumbled Thursday morning after President Donald Trump announced a slew of tariffs that would hit companies importing goods to the US. Global markets were reeling after news of the tariffs came out, while the S&P 500 stock index, which represents the broader US market, plunged 3% in early morning trading.
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RT @FOS: A federal judge in Florida has dismissed nearly all of the claims in a lawsuit against the celebrity endorsers of massive cryptocu…
With the exception of a few women, the executive’s impression was it’s something of a boys club for Masters of the Universe. “There’s a lot of machers.” @FOS https://t.co/HsCRoclIVH
Sports betting giants DraftKings, FanDuel, and Penn Entertainment could look to get in on the controversial sports “prediction” markets like those offered by Kalshi and Polymarket. @FOS https://t.co/400I75PsFT
