Nike's new CEO Elliott Hill warned of a long road to sales recovery for the sportswear giant, but the veteran executive's ...

Nike's sales and stock price have declined over the last year, with executives saying that they are looking to cut costs and pivot to focus on newer products, as the brand has seen increasing ...

Sportswear firm Nike has seen a huge rise in online sales as it bounces back from a coronavirus slump. The US company saw digital sales rocket 82% during the June to August quarter, offsetting ...

Nike’s new boss has pledged to act fast to restore the trainer brand and retail giant’s fortunes as he reported a quarterly sales fall. Nike has underperformed for some time in the face of increased ...

New Nike CEO Elliott Hill on Thursday said the company needs to turn its attention back to running paths, soccer fields and basketball courts. “We lost our obsession with sports,” Hill told ...

Athletic apparel brand Nike (NYSE:NKE) beat Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 7.7% year on year to $12.35 billion. Its GAAP profit of $0.78 per share was 23.3% above ...

To put it simply, er, yes. Being an American retailer Nike is well-versed in putting on an impressive Black Friday and Cyber Monday sale, with discounts across everything from training essentials ...

The retailer also noted “softness” in demand for Nike, its largest brand partner, which accounts for 60% of sales. Despite a gloomy holiday forecast, Foot Locker CEO Mary Dillon remains ...