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.

Nike hasn’t reported a sales drop larger than 12% since 2000, except for a ... but I believe we have everything we need to win and this team is ready to execute for the new fiscal year. ...

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

At its lowest point in years, Nike strives to recover from slumping sales Nike is bringing a former executive out of retirement to be the new CEO. The company reports to Wall Street on Tuesday ...

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 ...

Nike to post steepest sales drop since COVID, analysts expect target reset By Ananya Mariam Rajesh and Nicholas P. Brown September 30, 2024 10:59 AM UTC Updated September 30, 2024 ...

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.

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 ...

Nike's first-quarter revenue is expected to decline 10% to $11.65 billion, its steepest drop in more than four years, and a drop of 44.7% in earnings per share to 52 cents, according to analysts ...