Nike says it will cut $2 billion in costs in a major warning for ... - CNN
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 - NBC News
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 (NKE) Stock Upheaval Defines CEO John Donahoe’s Tenure
WEB4 days ago · September 13, 2024 at 12:00 PM EDT. Save. In early 2021, Nike Inc.released one of its most successful sneakers of all time. The Panda Dunk, a black-and-white revival of its low-top basketball shoe ...
Nike CEO John Donahoe comes under fire as stock sees worst day …
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 Announces Leadership Changes to Accelerate the Future of …
WEBNov 14, 2023 · Dr. Muge Erdirik Dogan will join NIKE, Inc. as Chief Technology Officer (CTO) to further deepen and strengthen the speed, efficiency, and quality of Nike’s consumer experiences with products ...
Nike pivots its strategy, looks once again to outside retailers to ...
WEBMar 22, 2024 · Amid faltering demand for shoes and clothing and slipping digital sales, Nike Inc. on Thursday said it will bank a lot more on the thing it has spent the past several years turning away from:...
Nike beats estimates boosted by discounts, promotions; shares …
WEBDec 20, 2022 · Nike Inc reported its best quarterly revenue growth in more than a decade barring one quarter and handily beat profit expectations on Tuesday, as North American shoppers rushed to stock up on...
NIKE Announces Senior Leadership Changes to Deepen
WEBMay 24, 2023 · NIKE, Inc. (NYSE:NKE) announced senior leadership changes today that will continue to build on its strong momentum and underscore Nike’s commitment to.
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