Nike Stock Swoons as Apparel Giant Withdraws Full-Year Outlook Ahead of CEO Change
Nike shares tumbled in extended trading Tuesday after the company withdrew its full-year forecast ahead of its transition to a new CEO later this month.
Nike Shares Slide as Sales Slump. Can the New CEO Help the Stock Rebound?
Nike (NYSE: NKE) shares sank after the athletic apparel and footwear company reported disappointing sales and pulled its guidance for the year. The stock is now down more than 20% year to date.
Nike's new CEO has a big uphill struggle ahead
Nike's new CEO Elliott Hill faces revenue decline and market challenges as the company shifts focus from retro styles to a running-focused brand.
Nike sales fall as company prepares to bring in new CEO
Sneaker maker Nike Inc. reported falling sales and profits for its most recent quarter, with management stressing that the company’s turnaround would take time as it deals with weaker demand and prepares to bring aboard a new chief executive.
In With the New: Is Nike Stock a Buy After CEO Change?
Nike has grown concerned enough that it ousted CEO John Donahoe to bring back former executive Elliott Hill to lead the company's turnaround.The stock bounced on the news, but remains 50% below its former high and a severe laggard to the broader stock market. Should investors buy the turnaround? Or are Nike's best days behind it?
Nike withdraws guidance, postpones investor day as it gears up for CEO change
Nike on Tuesday said it was withdrawing its full-year guidance and postponing its investor day as it gears up for a new CEO to take the helm.
Nike Withdraws Full-Year Guidance As New CEO Takes the Helm
Nike announced it is withdrawing its full-year guidance and postponing its investor day as it prepares for Elliott Hill to take over as CEO on October 14. The company's decision aims to give Hill time to reconnect with employees,
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Judge Says Nike Displayed ‘Bad Behavior, Blatant Willful Infringement' Against Small Business' Trademark
Nike attempted to run a small business into the ground-first by ripping off its designs, and then by burying it in litigation ...
Nike Stole Company’s Trademark, Then Tried To Bury It In Legal Bills, Court-Ordered Report Says
Judge just submitted a report in a trademark infringement case against Nike that concluded Nike intended to bury much smaller ...
The return of the swoosh: Wichita State announces 5-year apparel deal with Nike
Wichita State announced Monday it has reached a five-year agreement with Nike to become the official outfitter of the ...
Nike's new CEO is a company lifer — but an expert explains why that's not a great idea now
Elliott Hill first started at Nike as an intern in 1988. He has since then worked his way up to being named CEO. This is a ...
Huge Nike sale just went live — 9 deals from $28 that beat Prime Day
Nike Sportswear Phoenix Fleece Cropped V-Neck (Women's): was $75 now $63 @ Nike Available in black or white, this cropped ...
Shocker athletics says goodbye Under Armour, hello Nike
Wichita State signed an eight-year apparel agreement with Under Armour in 2017 that brought in its sports as those teams' ...
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Malbon Golf Hires Ex-Nike Exec as CEO
Santa Monica-based lifestyle brand Malbon Golf hired Aaron Heiser, most recently global VP of apparel, accessories and ...
Massive Nike outlet sale — here's 15 deals I'd get now on apparel and sneakers from $18
Nike Everyday Plus Cushioned Training Crew Socks: was $22 now from $18 @ Nike There are socks for working out and socks for ...
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Should Investors Hold Steady with Nike Stock?
Shares of athletic footwear, apparel, and equipment maker Nike (NKE) have eroded investors’ wealth over the short term and ...
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Nike to Replace Under Armour as Wichita State Sponsor
Nike will replace Under Armour as the official outfitter of Wichita State University in a partnership with BSN Sports.