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A Nike basketball is seen on the floor during the Phil Knight Invitational at Moda Center on Nov. 24, 2022 in Portland, Ore. (Michael Hickey/Getty Images) (Michael Hickey via Getty Images)
Nike saw soft demand outside of key holiday events like back-to-school shopping and Black Friday. The company’s e-commerce sales slowed and rivals offered higher promotion levels to entice shoppers.
It has been a rough few years for Nike (NYSE: NKE). The global footwear and apparel giant has seen its revenue stagnate since 2022, with sales actually down 3% from highs over the last 12 months.
Nike, Inc. [note 1] (stylized as NIKE) is an American athletic footwear and apparel corporation headquartered near Beaverton, Oregon, United States. [6] It is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of US$46 billion in its fiscal year 2022. [7] [8]
Nike is taking a step in the right direction under new CEO Elliott Hill.The footwear brand posted its fiscal second quarter earnings on Thursday after market close. Its revenue of $12.35 billion ...
Nike (NYSE: NKE) is one of the best-performing consumer goods stocks of all time. Shares are up more than 46,000% since the company's 1980 initial public offering and would have turned a $1,000 ...
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And on Facebook, a Dallas, Texas-based furniture store called Finally Home Furnishings, announced a "pre-tariff sale" that runs until January, earlier this month. "Get a deal while you still can ...