Nike is forecasting it will have to pay $1 billion in additional costs because of President Donald Trump’s tariffs, the activewear giant announced Thursday.

Nike said Thursday it would cut its reliance on production in China to mitigate the impact from US tariffs on imports, and forecast a smaller drop in first-quarter revenue than expected by ...

Nike is taking action to combat the company's estimated $1 billion hit from President Donald Trump's tariffs, including “a surgical price increase” in the U.S. set to begin this fall.. The ...

As full-year revenues fall 10%, dipping to $46.3 billion, Nike is realigning its teams around key sports, CEO Elliott Hill said on a call with analysts Thursday. Previously, employees were focused ...

All the changes were sorely needed. Nike's earnings report showed revenue of $11.1 billion, down 12%. The company's Converse brand saw a huge loss of 26% from a year ago, reporting revenue of $357 ...

Nike’s stock has lost more than 32% over the past 12 months, as it deals with competition and weaker demand. But after Dick’s Sporting Goods’ stronger-than-expected quarterly results on ...