NIKE, Inc. News
NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells men's, women's, and kids athletic footwear, apparel, equipment, and accessories worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks. In addition, it sells a line of performance equipment and accessories comprising bags, socks, sport balls, eyewear, timepieces, digital devices, bats, gloves, protective equipment, and other equipment for sports activities under the NIKE brand; and various plastic products to other manufacturers. The company markets apparel with licensed college and professional team, and league logos, as well as sells sports apparel. Additionally, it licenses unaffiliated parties to manufacture and sell apparel, digital devices, and applications and other equipment for sports activities under NIKE-owned trademarks. The company sells its products to footwear stores; sporting goods stores; athletic specialty stores; department stores; skate, tennis, and golf shops; and other retail accounts through NIKE-owned retail stores, digital platforms, independent distributors, licensees, and sales representatives. The company was formerly known as Blue Ribbon Sports, Inc. and changed its name to NIKE, Inc. in 1971. NIKE, Inc. was founded in 1964 and is headquartered in Beaverton, Oregon.
see moreNIKE, Inc. Market News
2d
Nike Deepens Restructuring Amid Q1 Revenue Miss and Weakened Demand in China
- Nike this week intensified its turnaround under CEO Elliott Hill, cutting jobs and revising revenue expectations after posting fiscal Q1 results that missed forecasts.
9d
Nike Unveils $1 Billion ‘Pace’ Cost-Savings Initiative Amid Weak China Demand
Nike announced a new multi‑year cost‑efficiency program with about $1 billion in pre-tax charges, as fiscal Q1 revenue and earnings slip and Greater China demand weakens.
16d
Nike Faces Dow Jones Exit and Analyst Downgrades Amid Weak Turnaround Momentum
Nike (NKE) will exit the S&P 100 this week after nearly two decades, while analysts downgrade amid continued pressure on recovery strategy and sales trends.
23d
Nike Appoints Alexandre Arnault to Board Amid Analyst Price Target Cuts and Brand Headwinds
Nike named Alexandre Arnault to its board on Sept 15, with UBS and Telsey cutting price targets amid brand challenges and slowing recovery.
15 Sep at 09:34
BMO Initiates ‘Underperform’ Rating on Nike as Shares Approach Decade Lows
Nike stock nears a decade low as BMO initiates coverage with an Underperform rating, citing structural pressures and weak sector outlook in recent days.