Nike announced yesterday it will replace the CEO of its Converse brand. Nike sales sank 10% last year, and its Converse sales ...

Nike’s revenue fell 10% in the latest quarter, and its profits fell 28% from a year ago. Nike executives warned on Tuesday that sales could fall another 10% in the current quarter.

MICHEL MARTIN, HOST: Nike needs some spring in its step. It's lost shoppers and sales, and now, at its lowest point in years, it's bringing a former executive out of retirement to be the new CEO.

Nike on Thursday reported bruising quarterly earnings and raised the possibility of more layoffs, but first-year CEO Elliott Hill said in an email to employees the company is making “significant ...

Nike (NYSE: NKE) stock has been in a downward spiral for the past three years as sales declined, and it appeared to be losing ...

Nike CEO shuffles leadership, names a new president and splits responsibilities for direct oversight to focus on business objectives and avoid continued controversies.

Shares of Nike rose after the sportswear giant said it expects the decline in its sales and margins to decelerate in the current quarter as its comeback strategy progresses. The stock rose 16% to ...

Investors and analysts expect Nike to lower annual forecasts on Tuesday when it posts quarterly results, the company's first earnings report since announcing a new CEO earlier this month.

In October 1984, after meeting at Nike's headquarters in Beaverton, Oregon, Nike signed Jordan to a five-year endorsement deal worth $500,000 annually. Warren Buffett once said, "If you don't find a ...

Business Key Nike executive exits in leadership shuffle that sees 4 others elevated Updated: May. 05, 2025, 5:04 p.m. | Published: May. 05, 2025, 2:53 p.m.

Nike had said it was spending more on this Olympics than any previous games, as it hopes to revive sales and compete with upstart rivals. CFO Matthew Friend said in June that Nike was reinvesting ...

(Reuters) - Investors and analysts expect Nike to lower annual forecasts on Tuesday when it posts quarterly results, the company's first earnings report since announcing a new CEO earlier this ...