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That's next. By December of last year, Nike needed to cut costs by $2 billion, and Donahoe announced that they would lay off about 1600 workers. In February, a month before the layoffs were set to ...

Nike, struggling from rising competition and its own strategy mistakes, is making a major shakeup. The athletic giant announced Thursday that CEO John Donahoe will retire next month and will be ...

Weaning people off discounts is incredibly hard." Nike, along with other prominent athleisure brands such as Lululemon and JD Sports, has faced significant business and revenue challenges in the ...

It is never easy for a top performer like Nike to lower the bar, but it will be much easier to do so with a new leader. The apparel giant on Tuesday had some bad numbers to report. Revenue ...