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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...- Despite inventory issues in North America, analysts think Nike can bounce backSome analysts are bullish on Nike's stock in the long run even as it faces a tough time due to the inventory difficulties in North America.
- Peloton loses $2.5 billion in market value after report on production pauseShares in the exercise bike maker, once a pandemic darling, closed down 24% at about $24, wiping off nearly $2.5 billion in market value.
- Amidst slump, Michael Kors, Prada cut back on innovative bag designsMacy's discounted almost 2,500 handbags last quarter, while both Neiman Marcus and Barney's New York marked down at least 900 items.
- Is Black Friday still a big deal for America?US consumers flocked to stores as the annual holiday shopping season commenced, with some finding they’d missed the best deals as stores op...
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