By Neil J Kanatt (Reuters) -On Holding raised its annual sales forecast on Tuesday as its focus on brand promotion drove demand for its athletic-focused apparel and footwear, sending its shares up ...

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 ...

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 ...

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 ...

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

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 ...

Nike posted net income of $1.05 billion, or 70 cents per share, in the quarter that ended Aug. 31. That compares with $1.45 billion, or 94 cents per share, in the year-ago period. Sales fell 10% ...

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.