Pam Danziger reports on retail, focused on the luxury consumer market. Nike CEO Elliott Hill reshuffles leadership after six months, promoting Amy Montagne to president and splitting ...

The latest step in Nike’s turnaround under Elliott Hill is a series of leadership changes announced Monday, including the retirement of 26-year veteran Heidi O’Neill. O’Neill, who had just ...

The sportswear juggernaut Nike is facing widespread scrutiny after one of its London billboards had to be removed over holocaust comparisons, and a recent New York Times article reported that the ...

Nike came under fire on Monday for a billboard that was shown at the end of the London Marathon. The sign read "Never Again. Until Next Year." It featured black lettering on top of a read ...

An investor on Friday filed a lawsuit in federal court in New York over Nike‘s closure of a subsidiary that sold virtual sneakers. In December, RTFKT, pronounced “Artifact,” said it would ...

Nike has been hit with a class-action lawsuit that accuses the sportswear giant of operating a rug pull for shuttering its non-fungible token (NFT) platform RTFKT in January. A group of RTFKT ...

First appearing at the 2024 Paris Olympics on the feet of LeBron James, Nike and Hyperice have now officially revealed photos and information regarding their highly-anticipated Hyperboot ...

Nike has a new CEO who's passionate about reinvigorating this market-share-leading brand. Investors might want to wait for tangible signs of a turnaround before buying shares. For this reason ...

Nike’s shares plummeted Friday as investors grew wary about new CEO Elliott Hill’s turnaround plans after the struggling sneaker giant warned that sales could plunge by double digits.

Nike is in a major slump. The company’s global sales dropped 9% last quarter, including a 17% drop in China, Nike said Thursday. In North America, Nike’s largest market, sales dropped 9%. But ...

Nike NKE.N is expected to post its steepest revenue decline in nearly five years in its quarterly results on Thursday, as its new products failed to open the wallets of Americans reluctant to ...