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 ...

The company on Tuesday also called off its investor ... a nearly 30% jump to 9.4 million visits, according to Similarweb, a firm that analyzes website visits and traffic. "Nike is deep 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 ...

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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 ...

It’s getting too easy to score a pair of limited-edition Jordan sneakers, and that is a big problem for Nike. A year ago, Nike Chief Executive John Donahoe celebrated growing the sneaker giant ...

STORY: On Thursday Nike announced plans to toss out its president and CEO John Donahoe, as demand falters for the brand's sneakers. He'll be replaced by former senior executive Elliott Hill ...

Nike’s Shox TL 'Dracula' and adidas’ Bob Marley SL-72 RS are set to dominate October sneaker releases. The Shox TL, inspired by Dracula, combines retro design with a futuristic edge ...

Worries over Nike hit shares in JD Sports in early deals. They traded down 3% to 145 pence, and have lost about 10% of their value in the year to date. "We expect short term growth concerns over ...

But in recent months Nike has ceded market share to competitors, including upstarts On and Hoka, and the company lowered its guidance in June, leading to a significant share sell-off. Donahoe ...

(Reuters) -Nike said on Thursday that former senior executive Elliott Hill will rejoin the company to succeed John Donahoe as president and CEO, as the sportswear giant shakes up its leadership ...

As the share leader in most countries, Nike is positioned to benefit. As a worldwide business, Nike has felt the effects of issues like the war in Ukraine, shipping delays, currency volatility ...