Nike forecast cut rattles sportswear stocks as spending stumbles
The company laid out a $2 billion cost-saving plan on Thursday and said it was adopting a "more prudent approach" to planning for the rest of the year.
Nike sues New Balance, Skechers for patent infringement
Nike sued rival shoemakers New Balance and Skechers on Monday, accusing both companies of patent infringement for allegedly copying Nike-developed technology.
UAW strike, Nike and Costco earnings, FOX Business’ Republican debate top week ahead
The UAW strike against Detroit's Big Three continues, plus earnings from Nike, Costco, CarMax and Carnival Corp. are on tap. And FOX Business Network hosts the Republican debate.
Nike abandons Portland store re-opening amid 'theft and safety issues'
Nike has decided to abandon a store it had temporarily closed in Portland, Oregon due to "theft and safety" issues, according to a local outlet's report.
Nike shares on longest losing streak ever
Nike shares have fallen for 10 straight days as a series of retailers deliver bad news, adding to existing headwinds in both the U.S. as well as abroad for the sporting goods giant.
Nike to relaunch Kobe Bryant's signature shoe line
Nike and Kobe Bryant's estate have agreed to relaunch the late NBA Hall of Famer's shoe line. The relationship previously ended in 2021 after 18 years.
Ja Morant's signature shoe release appears to be in question after latest gun incident
Memphis Grizzlies star Ja Morant appeared to have his signature Nike shoe dropped from the retail website amid the latest gun incident.
NBA superstar Kevin Durant signs lifetime deal with Nike
Kevin Durant has joined Michael Jordan and LeBron James as the only athletes to sign lifetime contracts with Nike after Durant's deal was announced Friday.
Top NFL prospect Bryce Young inks deal with Jordan Brand, Nike says
Just hours before the NFL Draft, the Jordan Brand announced that quarterback Bryce Young had agreed to terms of a multi-year footwear and apparel deal.
Michael Jordan's 1998 NBA Finals sneakers could net $2 million
Bidding for a set of sneakers basketball legend Michael Jordan donned during an NBA Finals game in his last season with the Chicago Bulls closes later Tuesday.
Michael Jordan's billion dollar Nike deal told in Ben Affleck's 'Air'
With the release of film "Air" rapidly rapidly approaching, the partnership between Hall of Famer Michael Jordan and Nike is receiving attention - and how much its worth has grown.
Nike sees year-over-year increase in revenue, drop in net income for third quarter
Nike’s results for the fiscal 2023 third quarter came out Tuesday afternoon and showed revenue rising and net income dipping compared to the same period last year.
Credit Suisse and banking crisis, Fed meeting, Nike earnings top week ahead
The future of First Republic Bank and Credit Suisse will dominate the headlines in the coming week ahead of the Federal Reserve's decision on interest rates.
Nike to stop using kangaroo skins for its shoes in 2023
Nike has announced that it will end the practice of using kangaroo skins in the production of its shoes.
March Madness: How many teams sponsored by Nike, Adidas and Under Armour are in the tournament?
The March Madness basketball tournament gets underway this week, and while teams compete on the court, apparel brands like Nike, Under Armour and Adidas compete for exposure.
Sotheby's 'The Dynasty Collection' presents Michael Jordan's game-worn sneakers in all 6 NBA championships
Sotheby's has curated the ultimate Michael Jordan tribute in "The Dynasty Collection," which is six individual sets of sneakers he wore in the final game of each NBA win.
Nike faces onslaught of thefts from the warehouse to retail shelves
Nike is seeing theft crimes ranging from criminals targeting shipments of merchandise on trains, trucks and at warehouses, to thieves walking out of retail stores with apparel.
Nike closing downtown Seattle store amid crime wave
Sneaker giant is leaving downtown Seattle, Washington amid crime concerns and post-pandemic shopping woes as the city struggles to bounce back from the pandemic.
Entrepreneurs make billions in sneaker resale market, build collectible kicks empire
Impossible Kicks co-founder and CEO John Mocadlo says "you'd really be surprised" how clients young and old are investing in the sneaker resale market as a new kind of "asset class."
Nike's second quarter earnings show revenue growth amid uncertainty for retailers
The athletic retailer Nike saw its revenue increase and beat prior expectations, according to the company's earnings report for the second quarter.
















