Breaking News
Nike says 'newness' is crucial to its growth. One analyst says it's not working
[ad_1] As sneaker makers try to stay relevant amid waning demand, Nike Inc. executives on Thursday said they were banking on “newness and innovation”…
Tag: Sporting Goods Retailing
Business
Nike Beats Profit Expectations, Sees $2 Billion of Cost Cuts
[ad_1] Nike beat expectations for second-quarter profit and announced a $2 billion cost-cutting plan, as it sees sales softening for the second half of…
Breaking News
Nike stock rises as profit beats estimates and inventories fall
[ad_1] Nike Inc. on Thursday reported a fiscal first-quarter profit that beat expectations, although revenue came up just shy of Wall Street’s estimates, amid…