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NIKE SALES SLUMP
Nike deepens India push with Vegam Run shoe launch at Rs 3,795 amid global sales slumpNike has announced the launch of its new running shoe, the Vegam Run, aimed specifically at Indian consumers. Priced at Rs 3,795, it will b...- Nike stock plunges after shocking earnings report, company plans lay offsNike earnings statement shows that the company projected sales in the current fiscal year would fall by "high-single digits". Nike reported...
- US Stocks: Nike shares fall on grim sales outlook; China woes hit turnaround plansShares of Nike fell as investors raised alarms over the slow pace of recovery with CEO Elliott Hill at the helm for nearly two years. While...
- Nike shares tumble 13% as CEO Hill’s turnaround plan faces geopolitical woesNike's months-long turnaround under CEO Elliott Hill faces fresh pressure as the Middle East conflict adds to the sportswear maker's strugg...
- Apple's Tim Cook doubles Nike stake, endorses CEO Hill's turnaround pushAs of December 22, Tim Cook held about 105,000 shares, according to the filing released on Tuesday.
- Nike shares rise 4% as Apple's Tim Cook doubles personal bet on CEO Elliott Hill's overhaul effortNike shares rose nearly 4% in early trading on Wednesday after Apple CEO Tim Cook doubled his personal stake in the sportswear maker, rais...
- Nike's China conundrum deepens as turnaround stagnates, shares slump 13%Nike is running out of time to prove its China playbook works as its sixth straight quarterly decline in sales in the country underscores h...
- Nike stock fell 10% today after earnings: Why tariffs and falling margins spooked NKE investorsNike stock today: Nike's stock plunged over 10% as gross margins declined for a second straight quarter, impacted by tariffs and inventory ...
- Puma's new boss takes helm trailing Adidas and a recovering NikePuma is facing a tough time. New CEO Arthur Hoeld aims to revive the brand. Puma is struggling with unsold stock. Rivals like Adidas and Ni...
- Nike tumbles to five-year low as sales decline forecast clouds quick turnaround hopesNike shares dropped 5.7% to a five-year low, following disappointing projections and a substantial sales decline in China. The new CEO's 'W...
- Nike's comeback plans threatened by tariffs, overstocked shelvesNike is facing challenges in its turnaround effort as it deals with old inventory, the impact of a trade war, and declining consumer spendi...
- Global brands bare their soles to India's BISGlobal brands like Nike, Tommy Hilfiger, and Superdry may soon resume importing premium footwear to India as the government has initiated c...
- This stock is down 50%, but billionaire Bill Ackman is doubling down on it. Is it your next big buy? Here are the fundamentalsBillionaire investor Bill Ackman has significantly invested in Nike despite its recent financial struggles. Ackman’s confidence suggests ex...
- Nike stock plunges as gloomy sales forecast fans growth concernsNike faces stock woes and market challenges, prompting a potential shift in leadership under CEO John Donahoe's digital-focused strategy. T...
- S&P 500 tops 5,500 after ‘near perfect’ economic dataExcluding the volatile food and energy components, the core inflation figure rose by 0.1% month-on-month and 2.6% year-on-year. According t...
- Nike sinks over 18% as gloomy sales forecast fans growth concernsNike shares slumped 18.6% in early trade on Friday as a forecast for a surprise drop in annual sales amplified investor concerns about the ...
- Wall St gains on strong Nike earnings, easing inflation expectationsAt 10:08 a.m. ET, the Dow Jones Industrial Average was up 371.79 points, or 1.13%, at 33,221.53, the S&P 500 was up 39.44 points, or 1.03%,...
- Nike cutting 2% jobs as part of business rejigThe overhaul is an attempt to speed up product development and refocus on key markets, CEO Mark Parker said in a statement on Thursday.
- Post Olympics, sportswear brands battle for supremacyPost-London 2012 Olympics, major brands in the summer sportswear industry are battling for market share, says UK-based Textiles Intelligenc...
- Chinese Li-Ning tries to break into US marketChinese athletic shoemaker Li-Ning knew it couldn't out-Nike'' Nike, in the sporting giant's own backyard. So the co is going lowbudget edg...
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