Nike

Nike revenues drop 9% to $11.3bn in Q3

Nike has reported a 9% revenues drop to $11.3bn (£9.1bn) during the third quarter ended 28 February.  Brand revenues were…

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Nike withdraws FY guidance amid falling Q1 sales

Nike has withdrawn its full-year guidance after first quarter sales plunged, and ahead of Elliot Hill becoming president and CEO…

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ASA bans ‘misleading’ Nike trainers advert

The Advertising Standards Authority has banned a Nike trainers ad for potentially misleading customers. The ad, which featured an image…

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Nike names Elliott Hill as CEO and president as Donahoe steps down

Nike has announced that Elliott Hill is set to become its new president and CEO, effective 14 October, 2024. Hill…

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Nike FY revenues inch up 1% to $51.4bn

Nike has reported that revenues inched up 1% to $51.4bn (£40.6bn) in the year ended 31 May from $51.2bn (£40.5bn)…

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Nike revenues hit $12.4bn in Q3

Nike Inc. has revealed that its third quarter revenues slightly increased on both a reported and currency-neutral basis to $12.4bn…

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Nike to cut 1,600 jobs in cost trimming measure

Nike is set to cut 1,600 jobs, around 2% of its workforce, in an attempt to trim its costs after…

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Today’s news in brief- 22/12/23

Nike has announced a cost-saving plan of $2bn over the next three years and revised down its sales forecast. This…

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Nike lowers sales forecast amid $2bn cost savings plan

Nike has announced that it is set to make cost savings of $2bn (£1.57bn)across the next three years and has…

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Nike Rise to open at Trinity Leeds in 2024

Nike has announced that it will bring its concept store, Nike Rise, to Trinity Leeds next year.  The retailer will…

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