Nike rises after sales beat on strength in US, China
By Bloomberg Published Mar 22, 2024 Nike Inc. reported sales that were stronger than anticipated as the company ramps up a multiyear cost-cutting plan in the face of weaker demand …
John Donahoe
Nike needs a comeback. Adidas just wrote the playbook.
By Bloomberg Published Mar 21, 2024 When Nike Inc. reports its third-quarter earnings on Thursday, investors will be looking for signs that the world’s biggest sportswear company is beating back …
Nike to lay off 2% of employees, cutting more than 1,500 jobs
A man wearing a protective face mask walks past a Nike brand store in Kyiv, Ukraine, on Dec. 10, 2020. Valentyn Ogirenko | Reuters Nike is cutting 2% of its …
Nike unveils strategic leadership changes
Sportswear giant Nike announced on Tuesday significant leadership changes starting with the appointment of John Hoke, previously Nike’s chief design officer, to the role of chief innovation officer. Nike unveils …
Nike beats profit estimates, pledges to boost focus on running shoes
By Reuters Published Sep 29, 2023 Nike topped Wall Street estimates for first-quarter profit on Thursday as higher prices of its sneakers and apparel helped offset a hit from waning …