Nike says it will cut $2 billion in costs in a major warning ...
WEBDec 22, 2023 · The company said it’s looking for as much as $2 billion in cost savings in the next three years, which includes laying off employees. Shares of Nike (NKE) tumbled as much as 14% Friday.
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Nike expects more sales declines as it attempts a comeback
WEBJun 28, 2024 · The sneaker giant now expects fiscal 2025 sales to be down mid-single digits, compared to analyst estimates of a 0.9% increase. Nike previously expected sales to grow. The company said Thursday...
Nike CEO John Donahoe comes under fire as stock sees worst ...
WEBJun 28, 2024 · The plunge wiped about $28 billion off of Nike’s market cap, bringing it to just under $114 billion from $142 billion a day earlier. As Wall Street digested the dismal outlook from the...
Nike CEO blames remote work for innovation slowdown
WEBApr 12, 2024 · Nike CEO John Donahoe on Friday blamed remote work for the company falling behind on innovation, saying that it's tough to be disruptive when people are working from home.
Nike’s new chief runs into trouble as turnaround efforts falter
WEBJul 9, 2024 · Wall Street, disappointed with Nike stock that has fallen 30 per cent since the start of the year, is openly calling for “regime change” in upper management. “Having a tech executive who came in...
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WEBRead the latest NIKE, Inc. news and product announcements. Download high res imagery and press release copy.