Search results
Results from the WOW.Com Content Network
Nike's report also comes about a month after Foot Locker warned of a slowdown in its footwear business due to "price sensitive" consumers. About 64% of sales at Foot Locker ( FL ) are the Nike ...
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's sales slumped in both its direct-to-consumer business and its wholesale division. Nike Direct revenues were $4.7 billion, a 13% decline from the same quarter a year ago.
Meanwhile, Nike's $0.99 earnings per share exceeded analysts' expectations of $0.66. Nike's direct-to-consumer sales declined 8% from the same quarter a year ago to $5.1 billion.
Saunders noted that at the same time, smaller rival brands have moved into Nike's territory and successfully connected with consumers in a way that Nike has failed to do. Nike posted net income of ...
A turnaround is unlikely to happen overnight.
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
Nike stock sank more than 10% Friday after executives gave a weaker sales outlook for markets around the world and highlighted a major cost-cutting initiative.. The company said Thursday that it ...