Nike
The Latest
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Nike to Trim About 1,700 Jobs Amid Economic Pressures and Restructuring
Nike Inc. is set to reduce its global workforce by approximately 2%, equating to around 1,700 positions, as part of a strategic move to streamline operations and target significant cost savings amid a challenging economic landscape. 
Nike Inc. is set to reduce its global workforce by approximately 2%, equating to around 1,700 positions, as part of a strategic move to streamline operations and target significant cost savings amid a challenging economic landscape. -
Nike's Turnaround Tactic Amid Stock Dip $2 Billion in Cost-Cuts and Sweeping Layoffs
After reporting a mere 1% growth in its sales outlook and experiencing a 10% stock price dip in after-hours trading, the company has unveiled a bold $2 billion cost-cutting plan over the next three years. This initiative reflects Nike's commitment to streamline operations, innovate product lines, and enhance overall efficiency. 
After reporting a mere 1% growth in its sales outlook and experiencing a 10% stock price dip in after-hours trading, the company has unveiled a bold $2 billion cost-cutting plan over the next three years. This initiative reflects Nike's commitment to streamline operations, innovate product lines, and enhance overall efficiency. -
Nike's Holiday Quarter Hindered by Excess Inventory and Underwhelming China Sales
Nike managed to surpass Wall Street's earnings and revenue expectations for its holiday quarter, despite facing challenges from excess inventory and disappointing sales in China. Nike managed to surpass Wall Street's earnings and revenue expectations for its holiday quarter, despite facing challenges from excess inventory and disappointing sales in China. -
Nike And Cisco Abandon Russia As More Western Companies Quit The Country
Cisco and Nike are joining McDonald's, Renault and a host of others leave Russia. 
Cisco and Nike are joining McDonald's, Renault and a host of others leave Russia. -
Amazon, Nike Mulling Bid To Acquire Peloton, Stock Soars
Peloton's stock price soared by nearly 30% after reports emerged that Amazon was considering an acquisition. 
Peloton's stock price soared by nearly 30% after reports emerged that Amazon was considering an acquisition. -
Nike Buys Virtual Sneaker Maker RTFKT In Deep Push Into Metaverse
The buyout is another step forward in Nike's digital transformation, CEO said. 
The buyout is another step forward in Nike's digital transformation, CEO said. -
G-Dragon To Soon Drop Second PEACEMINUSONE, Nike Collaboration Shoes
G-Dragon unveils the second collaboration he has with Nike. 
G-Dragon unveils the second collaboration he has with Nike. -
Adidas Feels Sting Of China Boycott, Vietnam Factory Shutdowns
CEO confident company will bounce back after China boycott. 
CEO confident company will bounce back after China boycott. -
Adidas Raises Sales Outlook, Shrugs Off China's Call For Boycott
Greater China represents 24% of sales for Adidas brand. 
Greater China represents 24% of sales for Adidas brand. -
Nike’s Wrath Prevails In Satan Shoes’ Legal Inferno
The company behind Lil Nas X's Satan Shoes buying back sneakers after trademark spat. 
The company behind Lil Nas X's Satan Shoes buying back sneakers after trademark spat.
