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The Latest Breaking News from Matthew Friend

On Running Shoes Won't Be Running Black Friday Deals Despite 'Price-Competitive Environment'

Swiss footwear company On Holding (NYSE:ONON) will offer no Black Friday deals in an effort to solidify itself as a premium brand, company officials recently said.

Benzinga

Kim Kardashian's SKIMS Partnership With Nike Sportswear Receives 'Strong' Response, But Shoemaker Grapples With $1.5 Billion Hit From Trump's Tariffs

Nike Inc. (NYSE:NKE) is navigating a period of sharp contrasts, celebrating a new partnership with Kim Kardashian's SKIMS while simultaneously bracing for a massive financial blow from escalating U.S. tariffs.

Benzinga

Your Nike shoes are about to cost a whole lot more thanks to Donald Trump, company warns

The sports giant appears to be unloading some of the burden of the tariffs onto customers

The Independent UK

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Nike Stocks Rise Despite Smaller Sales, Profit Drops: Why They're Still Winning Amidst Tariff Woes

Following the stock's post-earnings jump of around 10–11%, HSBC upgraded its rating to 'buy,' and peers such as Adidas and Puma also experienced gains.

International Business Times UK

Nike expects Trump tariffs to cost it $1bn

Sportswear company to reduce manufacturing in China to soften the impact of US trade policies

The Guardian - UK

Nike’s stock price tanks as sports giant joins growing list of corporate casualties in Trump's tariff plans

"Geopolitical dynamics, new tariffs, volatile foreign exchange rates, tax regulations" and consumer confidence are all impacting Nike's outlook.

Fortune

How Nike's new CEO plans to rebound from its worst year ever

A Fortune profile of Elliott Hill chronicles his career journey at the retailer and a turnaround strategy.

Fortune

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Should You Avoid This Dividend Stock as 'Tariff Man' Trump Returns?

Donald Trump, who proclaimed himself as the "tariff man" in his first tenure, is set to return to the White House. His tariffs could be a serious headwind for companies like Nike that rely on China for the bulk of their supplies.

Barchart

Nike’s new CEO is good news—but the CFO will need to help steer a turnaround

Nike faces multiple headwinds, says Morningstar analyst.

Fortune

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.

Kiplinger

Nike Earnings Drop, Says Turnaround Will Take Time

Nike reported a drop in profits Tuesday on sagging revenues as the sports giant cautioned that a turnaround from a rocky period would take time under a new CEO. The athletics company's financials showed lower sales in every operating region, as its CFO pointed to lackluster store traffic in China…

International Business Times

Nike postpones investor meeting after hiring new boss amid falling sales

Sportswear giant pulls financial guidance for the year to provide incoming CEO Elliott Hill ‘flexibility’

The Guardian - US

Nike Stock Sinks on Dismal Sales Forecast: What to Know

Nike stock is spiraling Friday after the athletic and apparel retailer missed sales estimates for its most recent quarter and lowered its outlook for its new fiscal year.

Kiplinger

Nike Shares Tumble On Tepid Outlook As CEO Eyes Olympics Marketing Win

Nike reported higher profits due to cost-cutting efforts Thursday, but shares fell sharply on the company's tepid outlook despite a hoped-for boost from the upcoming Olympic Games.

International Business Times

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International Business Times

Tepid Nike Outlook Dents Shares As It Touts Olympic Offerings

Shares of Nike tumbled Thursday after the sports giant signaled a tepid near-term revenue outlook even as it promised to wow consumers with new offerings in an Olympic year.

International Business Times

Nike Shares Tumble As It Cuts Costs Amid 'Softer' Outlook

Nike promised up to $2 billion in cost savings Thursday involving job cuts and greater use of automation as it eyes "softer" sales in the coming period.

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