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In November 2023, Nike announced a 9% dividend increase -- marking the 22nd consecutive year the company raised the dividend. Nike now yields a respectable 1.8% -- which is higher than the yield ...
Nike (NYSE: NKE) is a ubiquitous sportswear brand with a trailing 12-month revenue of $49 billion. But after a decade of market-beating returns, Nike's stock has been crushed over the last year by ...
Nike's core growth strategy over the past several years has been the expansion of Nike Direct, its direct-to-consumer (DTC) business that handles its first-party online and brick-and-mortar stores ...
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The drop was especially steep in the US, where sales fell 10%; and in China, where they were down 14%. Basically, demand hasn’t been this low since the first year of the pandemic.
Shares are now down 56% from their pandemic-era peak, and the company has consistently lost market share to upstart rivals like On Holding and Deckers' HOKA brand. Nike also expects sales to fall ...
Party City closed 45 of its 870 stores in 2019, up from its usual 10 to 15 closures each year. [230] On January 18, 2023, Party City filed for Chapter 11 bankruptcy, [231] and a month afterward, announced the closure of 22 stores. An additional 9 stores were added to the closing list in April as well as 4 more locations in May. [232]
In 2015, Parker was named Fortune's Businessperson of the year. [11] It was announced in June 2015 that Mark Parker is replacing Phil Knight as company chairman of Nike in 2016. [12] In 2016, he ranked 14th in the New York Times' list of highest paid CEOs [13] with an annual paycheck of 47.6 million. [14]