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Nike soars on a production shift away from China, but it warns of a $1 billion tariff hit
Nike’s shares jumped at the opening bell Friday after the company said it’s shifting some production away from China. But it ...
Nike forecasts turnaround from dismal fourth quarter despite tariffs
Nike is forecasting a rebound from slow sales and profits in the last quarter and despite $1 billion in added tariff costs on ...
Nike rallies on efforts to tackle tariff costs as turnaround takes shape
Nike shares surged 13.3% on Friday as an encouraging forecast on the back of its turnaround effort and plans to reduce China ...
Nike warns of whopping $1B hit from tariffs — but shares jump on upbeat sales forecast
Under Hill, who joined in October last year, Nike is investing more into marketing focused on sports, with marketing spending ...
Nike Stock Soars 15% One Day After CEO Says He Expects Business to Improve – ‘It's Time to Turn the Page'
Nike Inc.'s stock soared 15 percent and closed at $72.04 per share on Friday, one day after president and chief executive ...
Nike to cut China reliance to ease tariff hit, sending shares soaring
Nike said it would cut its reliance on production in China for the U.S. market to mitigate the impact from Washington's ...