For several quarters now, China challenges have been a drag on Nike‘s earnings during its overall turnaround. Now the Swoosh is taking action to right the ship in the region. On Tuesday, Nike’s new vice president and general manager of Greater China, Cathy Sparks, laid out the company’s plans for China in a letter, calling…
For Nike, the numbers out of China make one thing clear — the athletic giant still has a lot of ground to recover in its second-largest market that accounts for around 15 percent of global revenue. In the latest 2026 third quarter, revenue in Greater China declined 10 percent, with online sales down 21 percent….
Nike (NKE) reported better-than-expected earnings in its fiscal third quarter, showing progress in its uneven turnaround under CEO Elliott Hill, but recovery efforts in China dragged on the quarter. The company reported adjusted earnings per share of $0.35, beating Wall Street analyst estimates of $0.31, according to Bloomberg data. Revenue of $11.3 billion was flat…
Good morning. There’s been a recurring theme to some of the AI conversations I’ve had this week: using the technology to find things in sprawling corporations. For all that agentic AI promises for the future, several executives told me that the real value right now is in locating assets—documents, devices, intellectual property, et cetera—within companies. …
(Bloomberg) — Nike Inc. shares fell after the company warned that sales will decline this quarter amid persistent weakness in China and at its Converse brand. The world’s largest sportswear company expects revenue to be down in the low-single digits in the three months that started Dec. 1, a surprising turn after two straight periods…
Nike is running out of time to prove its China playbook works. The U.S. sportswear giant’s sixth straight quarterly sales decline in the country – including a 20% drop in footwear – underscores how a market once seen as a growth engine has become its biggest pressure point. CEO Elliott Hill admitted on Thursday’s post-earnings…
If the early read on Nike Inc.’s Win Now turnaround plan is any indication of future success, then the sportswear and sneaker brand racked up multiple wins in the first quarter — and Wall Street took notice of both the good and the bad. “This quarter, our Win Now actions drove momentum in the areas…
Leg warmers originated as a purely functional garment in the world of dance; it was common to see them on your favorite ballerinas as they made their way to rehearsals. It was a means to keep leg muscles warm and prevent injury; they were made from wool or other knits and were never intended as…
The ongoing exile of distance runner Wong Wan-chun from the Hong Kong athletics team began after decisions he made about sponsorship and World University Games accommodation. His relations with the Hong Kong, China Association of Athletics Affiliates (HKAAA) soured to the extent that communication broke down in the lead-up to last year’s Olympics in Paris,…
WASHINGTON (AP) — President Donald Trump’s tariff onslaught this week left a lot of losers – from small, poor countries like Laos and Algeria to wealthy U.S. trading partners like Canada and Switzerland. They’re now facing especially hefty taxes – tariffs – on the products they export to the United States starting Aug. 7. The…