Nike tumbles to five-year low as sales decline forecast clouds quick turnaround hopes
Nike shares slipped nearly 6% premarket on Friday after the sportswear giant warned of another quarter of sales decline, ...
Nike expects sales will plunge in current quarter as it faces tariffs, sliding consumer confidence
Nike will report fiscal third-quarter earnings after the bell on Thursday as the company tries to execute a turnaround under ...
Marketing steps up in Nike’s turnaround plan – here’s where those dollars are going
“Nike’s renewed focus on expanding its womenswear offerings is essential to its turnaround. Nike can continue to grow its ...
Nike Stock Falls After Warning Sales Could Take a Hit From Turnaround Plan, New Tariffs
Nike shares fell in extended trading Thursday after the athletic apparel giant warned sales could take a hit in the current ...
Nike to post worst revenue fall in 5 years on stagnant demand
Nike is expected to post its steepest revenue decline in nearly five years in its quarterly results on Thursday, as its new ...
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Nike’s sales are tumbling
Nike is in a major slump. The company’s global sales dropped 9% last quarter, including a 17% drop in China, Nike said Thursday. In North America, Nike’s largest market, sales dropped 9%.
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Nike shares plunge after sneaker giant warns sales could fall by double digits
Nike’s shares plummeted Friday as investors grew wary about new CEO Elliott Hill’s turnaround plans after the struggling sneaker giant warned that sales could plunge by double digits.
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Nike expects sales will plunge in current quarter as it faces tariffs, sliding consumer confidence
Nike on Thursday warned that sales will drop by a double digit percentage in its current quarter as the sneaker giant contends with new tariffs, sliding consumer confidence and a slower than ...