Nike is a running brand, and it’s incredibly important for Nike to win with runners,” said the company’s CFO Matthew Friend.

Shoppers are backing off the brand, and it’s up to new leadership to reinvigorate the product lines.

With a new CEO set to take over in a few weeks, the sportswear giant pulled its guidance for the year and stressed the actions it’s already taking to reset the business.

"Nike is deep in the abyss of the turnaround," Bernstein Societe Generale analysts wrote in a note. "Early signs of market ...

Nike (NKE) sees sales drop in FQ1, but analysts remain optimistic about the company's turnaround under new leadership.

Nike stock is tumbling Wednesday after the retailer reported mixed earnings results and withdrew its full-year guidance.

Shares of NIKE, Inc (NYSE:NKE) fell sharply in today's pre-market trading following first-quarter results. The company ...

Running has been one of our toughest fights over the last few years, but it also is one of our biggest opportunities,” Nike ...