Nike

Nike stumbles as China woes, cautious outlook temper turnaround hopes

2026-07-01T09:46:10.000Z
Sales at Converse have been in free fall and are expected their lowest level since 2011.

Converse CEO promises staff new brand strategy will work amid layoffs, dismal quarterly sales

2026-05-08T02:16:35.000Z
Meta plans to cut 10% of its workforce – about 8,000 employees – from May 20.

Meta, Amazon, Wall Street: Global giants slashing headcounts worldwide

2026-05-01T00:00:00.000Z
Nike will move some manufacturing operations for its struggling Converse brand closer to Nike’s factory partners, it said.

Struggling Nike will cut around 1,400 jobs in efficiency push

2026-04-23T22:27:51.000Z
Nike signage on the floor of the New York Stock Exchange in New York, US, March 30, 2026.

Nike results tops estimates as turnaround shows uneven progress

2026-03-31T22:38:21.000Z
Nike has now logged six straight quarters of decline in the China market

Nike’s China stumble exposes execution gaps

2026-03-30T09:41:05.000Z
Nike CEO Elliott Hill is looking to reassure investors that his turnaround efforts will pay off for the company.

Nike CEO Elliott Hill sees turnaround picking up from Europe to Asia

2026-02-11T14:43:07.000Z
Converse has remained heavily reliant on its Chuck Taylor shoe, while forays into other styles have not taken hold.

Nike braces Converse staff for cuts as sales head to 15-year low

2026-02-09T22:03:55.000Z
As of 2025, Anta  commanded 23% of China’s sportswear market, surpassing both Nike and Adidas.

With Puma stake, China’s Anta seeks to enter the arena with Nike and Adidas

2026-02-06T09:44:03.000Z
Nike reported a drop in gross margins for the second consecutive quarter in December, as poor sales in China and efforts to reset its product mix continued to vex it.

Nike slashes 775 jobs in US to speed up automation, boost profit

2026-01-26T22:44:54.000Z