Nike Sales Slump as Shoppers Step Back
Shoppers are backing off the brand, and it’s up to new leadership to reinvigorate the product lines.
Retail Dive2h
Nike CFO notes that ‘a comeback at this scale takes time’ as revenue falls 10%
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 Shares Drop as Investors Fret Over Murky Turnaround Timeline
"Nike is deep in the abyss of the turnaround," Bernstein Societe Generale analysts wrote in a note. "Early signs of market ...
Is Nike Stock Still a Buy After Earnings? Here's What Wall Street Says
Nike stock is tumbling Wednesday after the retailer reported mixed earnings results and withdrew its full-year guidance.
Nike ‘still not out of the woods,’ analyst says, as stock drops after earnings
Nike Inc.’s stock fell 6.3% on Wednesday after the athletic-apparel company’s latest quarterly results disappointed investors ...
Nike shares dip as forecast withdrawal worries investors about turnaround timeline
Nike shares dropped about 6% in premarket trading on Wednesday after the company withdrew its annual revenue target, keeping ...
Nike Withdraws Annual Forecast, Signals Weak Holiday Season
Analysts say the company has done little to drive demand and take back market share from brands like Deckers' Hoka and Roger ...