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Nike’s shares jumped at the opening bell Friday after the company said it’s shifting some production away from China. But it ...
Near the end of the call, Hill said Nike will “evaluate corporate cost reduction as necessary,” a result of slower recovery ...
EMEA Shows Most Progress Among Regions In the EMEA, Q4 revenue declined 10 percent to $3 billion. Nike Direct dropped 19 ...
At the same time, the brand is restructuring teams around key sports and touted “significant progress” on rightsizing its ...
Ron Faris has left the company to take a role at Disney as Nike has pulled back from some of its virtual efforts.
Nike shares surged 13.3% on Friday as an encouraging forecast on the back of its turnaround effort and plans to reduce China ...
Lululemon announces layoffs among its corporate workforce, citing the economic slowdown as one of the reasons for the cuts.