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.

Shares of the sportswear giant climbed 15% in morning trading. Some analysts said the company’s slump could soon be over.

Nike (NYSE: NKE) recently released its latest earnings numbers, which beat expectations and left analysts and investors ...

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 ...

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.

CEO Elliott Hill says sales still aren’t where they need to be, but its fourth-quarter performance was better than expected.

-- SALES: Nike's quarterly sales are forecast to fall about 16% to $10.73 billion. Nike most recently guided for fourth-quarter revenue to drop at a rate in the mid-teens compared with a year earlier, ...

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 ...

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

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.

(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 ...