John Donahoe’s leadership was looking increasingly untenable, and with his ouster the brand can’t afford to lose more than it ...

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 ...

Nike logged declines in both profit and revenue ... while wholesale revenue fell 3% to $6.9 billion. Sales for Converse were down 17%, declining in all territories, the company said.

In terms of non-GAAP financial measures, NIKE, Inc. reported an Earnings Before Interest and Taxes (EBIT) of $1.392 billion ...

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 ...

He's a true insider, having worked his way up from an apparel sales representative intern in 1988. His post came at a crucial time for Nike, which has been struggling with lackluster sales and ...

Inc. price-consensus-eps-surprise-chart | NIKE, Inc. Quote Sales at NIKE Direct were down 13% on a reported basis and 14% on a currency-neutral basis to $5 billion. The decline resulted from a 21% ...

The NBA’s 2023 most valuable player and last season’s top European goal scorer aren’t Nike or Adidas athletes. When playing, ...

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 ...

Nike's NKE.N new CEO Elliott Hill warned of a long road to sales recovery for the sportswear giant, but the veteran executive's plan to turn the spotlight on sports like basketball and running ...