Nike's reported net income for the three-month period ended Nov. 30 fell to $1.16 billion, or 78 cents per share, compared with $1.58 billion, or $1.03 per share, a year earlier.

-- SALES: Nike's quarterly sales are forecast to fall about 16% to $10.73 billion. Nike most recently guided for fourth-quarter revenue to drop at a rate in the mid-teens compared with a year earlier, ...

Nike's CEO Elliott Hill said that there are three things he wants to fix at Nike. One mistake was being "too promotional" and offering too many discounts. The company will also focus on five areas ...

Nike products comprise more than 60% of Foot Locker merchandise. Those recent indicators illustrate the long road ahead for Nike and its new CEO Elliott Hill, who assumed the top job in October.

Nike’s shares surged 15 per cent on Friday - a historic daily jump - on growing investor confidence that the sportswear maker ...

Foot Locker CEO Mary Dillon said there is “softness” in demand for Nike products. Getty Images. Dillon said Foot Locker has confidence in Hill’s ability to boost Nike sales.

The Nike Thesis: Given lower demand for its products, a reduction in units of three key lifestyle franchises, and higher promotions to clear inventory, the company is likely to report a 12% ...

Nike is going to start selling its products directly on Amazon's U.S. website for the first time since 2019 as the company looks for more ways to bring goods to customers and boost sales.

Converse, which Nike acquired in 2003, has also dragged down the company's overall performance, with sales down 17% during the period to $429 million, far below the $462.6 million that analysts ...

Converse, which Nike acquired in 2003, has also dragged down the company's overall performance, with sales down 17% during the period to $429 million, far below the $462.6 million that analysts ...