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Nike shares dip
Nike shares drop as investors fret over murky turnaround timeline
Nike shares closed nearly 7% lower on Wednesday after the sportswear giant withdrew its annual revenue target, leaving investors guessing on the timeline for a turnaround under incoming CEO Elliott Hill.
Nike stock tumbles as investors worry about a turnaround
Nike’s (NKE) shares dropped 8% during early trading hours on Wednesday after the company withdrew its full-year guidance and postponed its investor day. The moves created uncertainty among investors on the company’s turnaround efforts under incoming CEO Elliott Hill,
Nike shares dip as forecast withdrawal worries investors about turnaround timeline
Nike shares fell by about 6% in premarket trading after the company withdrew its annual revenue target, creating uncertainty over its turnaround strategy under new CEO Elliott Hill. Investors remain concerned as the company delayed its investor day,
Nike Sales Slump
Nike Sales Slump as Shoppers Step Back
Shoppers are backing off the brand, and it’s up to new leadership to reinvigorate the product lines.
Nike Shares Slide After It Withdraws Year Forecast
The sneaker company is reducing supply of its Air Force 1, Air Jordan 1 and Dunk models to revive consumers’ interest.
Nike's quarterly sales and profits slump as it faces shoppers' sluggish demand for its products
Nike sales and profits slumped in its fiscal first quarter as the sportswear giant wrestles with shoppers' sluggish demand for new sneaker models and other products. The lackluster results Tuesday came after Nike announced last month that its CEO,
17h
Nike tries to rip off the band-aid for investors. Its stock price is feeling the sting
Sneaker maker Nike Inc. reported falling sales and profits for its most recent quarter, with management stressing that the ...
22h
on MSN
Nike stock dives after sneaker giant scraps investor day amid CEO shake-up
Analysts appear largely confident in Elliott Hill’s ability to spark a revival at Nike, but many also see a stock in limbo ...
21h
Nike's Withdrawn Outlook Pushes Stock Lower With New CEO Waiting in the Wings
Nike shares fell Wednesday, a day after the company declined to offer a full-year outlook alongside its fiscal first-quarter ...
23h
on MSN
Nike ‘still not out of the woods,’ analyst says, as stock drops after earnings
Nike Inc.’s stock fell 8% on Wednesday after the athletic-apparel company’s latest quarterly results disappointed investors.
22h
Nike ‘threatened to kill’ small company, should pay up, review finds
Nike’s “reckless indifference” to trademark-protected Sweat It Out sleeves and other products justifies an “exceptional” ...
22h
Why Nike Stock Sank Today
Shares of athletic apparel maker Nike ( NKE -5.96%) sank on Wednesday after the company reported financial results for its ...
16h
Nike Quadrupled Its Kobe Business in the Last Year
To no one's surprise, sneaker releases attached to the late Los Angeles Lakers legend Kobe Bryant are still as popular as ...
Observer
16h
Under New Leadership, Nike Is Returning to Its Roots in Running
Nike is a running brand, and it’s incredibly important for Nike to win with runners,” said the company’s CFO Matthew Friend.
25m
Nike Vomero introduces new colours and weatherised Vomero Roam silhouette for retro running enthusiasts
While the Vomero 5 was initially designed for performance running, its 2018 redesign by British fashion designer Samuel Ross ...
1d
Nike's new CEO has a big uphill struggle ahead
Nike's new CEO Elliott Hill faces revenue decline and market challenges as the company shifts focus from retro styles to a ...
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