sneakers
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Business
Nike sales slump 10%, shares plunge as new CEO faces massive challenge
Nike withdrew its annual revenue forecast on Tuesday and missed estimates for quarterly revenue as the sportswear giant battles weak footwear demand amid…
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Business
Deckers shares soar after profit forecast hike on strong Hoka, UGG sales
Deckers Outdoor shares jumped as much as 17% on Friday, after multiple brokerages raised their price targets following the company’s bet on…
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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
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 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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