As sneaker makers try to stay relevant amid waning demand, Nike Inc. executives on Thursday said they were banking on “newness and innovation” to win over reluctant shoppers.…
Read more Nike says 'newness' is crucial to its growth. One analyst says it's not workingShares of Nike Inc. tumbled after hours Thursday after the athletic-gear giant warned of a “softer second-half revenue outlook” on its quarterly earnings call, and said it is…
Read more Nike shares dive, company eyes $2 billion in cost cuts amid 'softer' outlookNike Inc. on Thursday reported a fiscal first-quarter profit that beat expectations, although revenue came up just shy of Wall Street’s estimates, amid a drop in sales for…
Read more Nike stock rises as profit beats estimates and inventories fall
