News

Nike announces new turnaround push, hints at layoffs as sales plunge 12%
The sportswear giant on Thursday reported its largest quarterly sales drop in years and a restructuring, but first-year CEO ...
Pumas set to bid farewell to Nike
Pumas de la UNAM is preparing to bid farewell to Nike, its current uniform sponsor. The university club will change brands ...
Nike warns of whopping $1B hit from tariffs — but shares jump on upbeat sales forecast
Under Hill, who joined in October last year, Nike is investing more into marketing focused on sports, with marketing spending ...
Nike to cut China reliance to ease tariff hit, sending shares soaring
Nike said it would cut its reliance on production in China for the U.S. market to mitigate the impact from Washington's ...
Nike Profit, Revenue Slides as Turnaround Strategy Plays Out
The sneaker and athletic apparel company said sales in North America fell 11% to $4.7 billion from a year ago, driven by ...
Nike stock slips after profits, sales drop, company says results 'not where we want them to be'
Nike ( NKE) stock fell more than 1% in extended trade on Thursday following the company's fiscal fourth quarter earnings that ...
Nike’s outlook wakes up its stock. But execs still see a long road to full recovery.
Nike Inc. on Thursday reported fourth-quarter results that weren’t as bad as Wall Street expected, but the financials weren’t ...
Nike’s Earnings Were Ugly. But They’re Better Than Feared.
Nike’s fiscal fourth quarter was a rough one, but results were slightly better than feared. Nike’s sales in the quarter ended ...