nike
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Business
Bill Ackman’s hedge fund bets on Nike in first new investments in over a year
Billionaire investor William Ackman built new stakes in sportswear company Nike and investment management company Brookfield during the second quarter, according to…
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Business
Nike plans affordable shoe line after shares fall following dismal sales prediction
Nike will start selling some sneakers that are priced at under $100 after its dismal sales forecast sent shares plummeting,…
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Business
Nike posts surprise drop in sales, sending shares tanking
Nike on Thursday forecast a surprise drop in fiscal 2025 sales, after disappointing fourth-quarter sales laid bare the company’s weakening market…
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Business
Hoka sneakers, Ugg boots lift Decker shares past $1K
Shares of Deckers Outdoor jumped 14% to breach the $1,000 mark for the first time on Friday, as the footwear company posted upbeat…
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Business
Ex-diversity manager Facebook, Nike sentenced for stealing $5M
The ex-diversity program manager for Facebook and Nike who stole more than $5 million from the mega companies to fund…
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Business
Nike slammed for skimpy Team USA women’s track and field uniforms for 2024 Paris Olympics
Nike is under fire after Team USA’s track and field uniforms for the 2024 Paris Games were revealed this week…
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Business
Nike, Lululemon shares sink as gloomy forecasts alarm analysts
Nike shares tumbled 7% on Friday after the Air Jordan maker warned of lower sales in its first half as it…
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Business
Nike cutting back on classic shoes after losing market share to newer rivals
Nike warned on Thursday that its revenue in the first half of fiscal 2025 would shrink by a low single-digit percentage as the world’s largest…
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Business
Nike stock plunges as sneaker giant reveals $2B in cost cuts
Nike unveiled a $2 billion cost-savings plan that suggested significant layoffs are looming — and sent the athletic apparel giant’s…
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