Nike is shifting to a fuller-price online model for its online store, cutting discounts and promotions.
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%.
Tinker Hatfield, who designed many of the popular Air Jordan sneakers, was one of the employees named in the lawsuit ...
Downloads of Nike mobile apps for the quarter were down 35% from a year earlier, and foot traffic at Nike stores was down 11% ...
Nike on Thursday forecast a steeper drop in fourth-quarter revenue than analysts had expected, striking a cautious tone as it ...
Nike is expected to post its steepest revenue decline in nearly five years in its quarterly results on Thursday, as its new ...
Nike will report fiscal third-quarter earnings after the bell on Thursday as the company tries to execute a turnaround under ...
Nike Inc.’s turnaround effort is hitting snags as the company tries to clear out old inventory while feeling the effects of a ...
Shares of Nike Inc. slid after hours on Thursday after executives at the sneaker giant warned that its current quarter could take the biggest hit from its turnaround efforts, as it tries to clear out ...
Nike (NKE) said fiscal third-quarter sales fell 9% year over year to $11.27 billion, topping analysts' forecasts for $11.02 billion, with GAAP earnings per share of 54 cents, above Wall Street's ...
The shoe company has run into a slump, but a partnership with Kim Kardashian could be a step towards a turnaround.
Nike is in the midst of clearing out stale merchandise through heavy discounting as demand fades for some of its biggest ...