Converse, which Nike acquired in 2003, has also dragged down the company's overall performance, with sales down 17% during the period to $429 million, far below the $462.6 million that analysts ...

To address a general decline in demand for Nike and Jordan products, the Swoosh has recently set out to reduce the presence of its popular franchises - such as the Air Force 1, Air Jordan 1 and ...

Nike is aiming for a retail comeback by reducing discounts and focusing on full-price sales. CEO Elliott Hill plans to shift away from heavy discounting strategies. Nike will prioritize running ...

Nike is going to start selling its products directly on Amazon’s U.S. website for the first time since 2019 as the company looks for more ways to bring goods to customers and boost sales. Nike ...

Demi Lawrence, Staff Reporter - Portland Business Journal Jun 14, 2023, 7:51am EDT Nike Inc.

Asics - During the brand's semi-annual sales event, shoes are up to 40% off. Avocado - Customers can save up to $1,500 on mattresses and up to 50% off on select bedding.

Excess merchandise at Nike and across the apparel industry has prompted promotional activity that has eroded profitability. Nike’s gross margin fell 300 basis points to 42.9% as management moved ...

BEAVERTON, Ore. — Nike is going to start selling its products directly on Amazon's U.S. website for the first time since 2019 as the company looks for more ways to bring goods to customers and ...

Nike's reported net income for the three-month period ended Nov. 30 fell to $1.16 billion, or 78 cents per share, compared with $1.58 billion, or $1.03 per share, a year earlier.