LONDON : Nike's ongoing struggles are giving Adidas a chance to keep taking market share from its larger U.S. rival, but the German brand will have to work harder to keep shoppers interested in ...

After four years in command at Nike, CEO John Donahoe is handing over the helm to Elliott Hill, a 60-year-old executive who has spent more than half his life at the footwear empire. Hill joined Nike ...

Nike, the world’s largest athletic apparel brand, has moved to hinder public scrutiny of its corporate jets after ProPublica and The Oregonian/OregonLive highlighted executives’ travel ...

Oct 2 (Reuters) - Nike (NKE.N), opens new tab shares closed nearly 7% lower on Wednesday after the sportswear giant withdrew its annual revenue target, leaving investors guessing on the timeline ...

while CFO Matthew Friend said pulling the outlook would give Hill "much-needed flexibility to evaluate Nike's strategies and business trends". "Just how quickly a turnaround can happen is up in ...

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NEW YORK – Nike shares dropped 6 per cent after hours on Oct 1 as the company withdrew its annual revenue forecast and postponed its investor day, weeks before a new chief executive takes the ...

Nike spokespeople and six lawyers from national corporate law firm DLA Piper plus one for Philadelphia-based Saul Ewing, all of whom represented Nike, didn’t respond to inquiries seeking comment ...

Nike, facing one of its roughest patches in ... evaluate the current strategies and business trends and develop our plans to best position the business,” chief financial officer Matt Friend ...

Analyst Lorraine Hutchinson of Bank of America Securities reiterated a Buy rating on Nike (NKE – Research Report), reducing the price target to $100.00. Lorraine Hutchinson’s rating is based ...

Nike withdrew its annual revenue forecast on Tuesday and missed estimates for quarterly revenue as the sportswear giant battles weak footwear demand amid stiff competition from newer brands ...