Nike

Nike results tops estimates as turnaround shows uneven progress

The company’s stock has lost about 17 per cent of its value in the last 12 months

Nike has now logged six straight quarters of decline in the China market

Nike’s China stumble exposes execution gaps

Insiders say top-down decision-making limits responsiveness to local market needs

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

Hill’s rebuilding efforts come at a delicate time in the sneaker world

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

The sportswear brand has undergone several rounds of layoffs in recent years

The changes reshape Nike’s regional leadership at a time when the company is working to revive growth.

Nike reshuffles regional leadership as it looks to strengthen key markets

SPORTSWEAR giant Nike said on Tuesday it had appointed new leaders for its Europe, Middle East and Africa (EMEA), Greater China as well as Asia Pacific and Latin America regions, as it works to rebuil...

An image posted by President Donald Trump on his Truth Social account shows what he says is President Nicolas Maduro of Venezuela, blindfolded and handcuffed, on board the USS Iwo Jima on Jan. 3.

Maduro’s Nike tech sweatsuit was bound to become a meme

After Trump shared an unverified photo of Maduro in US custody, online chatter fixated on his clothes

The purchase comes just days after Nike reported weaker quarterly margins and sluggish sales in China.

Nike climbs as Apple’s Tim Cook buys US$3 million in stock

[NEW YORK] Nike shares ticked up 2 per cent in premarket trading on Wednesday (Dec 24) after Apple CEO Tim Cook bought nearly US$3 million worth of the sportswear maker’s stock.

Nike was less promotional on Singles Day and was reducing sales events for spring and cutting down on summer buys in an attempt to improve full-price sales.

Nike’s China conundrum deepens as turnaround stagnates

Nike’s stock is down 13% so far this year, on track for a fourth straight year of declines