Stocks making the biggest moves after hours: Nike, Zions Bancorporation, Nucor and more – CNBC
Check out the companies that made headlines after the bell: Nike — Shares rose nearly 1% after sneaker giant and athletics apparel company renewed uniform partnerships with the NBA and WNBA. The company will be the exclusive provider of uniforms for both leagues for the next 12 years. Zions Bancorporation — Regional bank shares rose […]
Apparel company calls out Nike for not supporting biological females amid trans inclusion in sports
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‘Will You Just Do It?’ Athletic Brand XX-XY Calls on Nike to Protect Women’s Sports from Trans Athletes in Powerful Ad
Sportswear company XX-XY Athletics has published an ad urging sportswear giant Nike to support women and oppose men's participation in women's sports. XX-XY Athleticswhich manufactures and sells sportswear for men and women, begins its message to Nike with a group of young women saying, “Dear Nike.” The ad continues with the girl asking, “Why won't […]
Nike sales slump 10%, shares plunge as new CEO faces massive challenge
Nike withdrew its full-year sales forecast on Tuesday and also missed quarterly revenue expectations, sending its stock price down by the hour as the sportswear giant struggles with weak footwear demand amid stiff competition from emerging brands around the world. It fell 6% outside. The company previously expected annual sales to decline by a mid-single-digit […]
Teenagers are stealing zipper pulls from Nike backpacks — why?
Stealing from strangers? TikTok users say “just do it.” Young thieves are stealing the zippers from Nike Elite backpacks, collecting dozens of them and reselling them to victims at high prices. New Online Trends. New York City Teens He boasted that he already had more than a dozen zipper ties made specifically for Nike backpack […]
Nike stock surges as CEO Elliott Hill tries to rally the troops
Wall Street cheered sneaker giant Nike's move this week to oust Chief Executive Officer John Donahoe, sending the company's shares soaring more than 8% after struggling over the past year amid sluggish sales. The stock price surge comes as longtime Nike executive Elliot Hill, who left the popular sportswear brand in 2020 but returned as […]
Nike CEO John Donahoe retiring in major shake-up
Nike Inc. said Thursday that former senior executive Elliot Hill will return to the company as president and CEO, succeeding John Donahoe, as the sporting goods giant shakes up its executive ranks as part of an effort to revive sales and combat growing competition. The company's shares rose 9% in after-hours trading. Hill spent 32 […]
Nike CEO To Retire As Sportswear Company Sales Drop
The Nike logo is displayed at the Nike Well Collective store in Glendale, California on February 16, 2024. (Photo by Mario Tama/Getty Images) By James Myers, OAN StaffThursday, September 19, 2024 3:22 PM Sports brand Nike said on Thursday that Chief Executive Officer John Donahoe will step down after more than five years at the […]
Stocks making the biggest moves after hours: Nike, FedEx, Lennar and more – CNBC
Here are some companies that are catching our eye in after-hours trading: Nike — Shares surged 10%. The sneaker maker announced that CEO John Donahoe will step down on Oct. 13. He will be replaced by Elliot Hill, a Nike veteran who spent 32 years at the company before retiring in 2020. FedEx — Shares […]
Bill Ackman’s hedge fund bets on Nike in first new investments in over a year
Billionaire investor William Ackman picked up new stakes in sportswear company Nike and investment management firm Brookfield in the second quarter, according to regulatory filings filed Wednesday. This marks Pershing Square’s first new investment, which manages about $17 billion in assets, since the firm pumped money into Google parent Alphabet in the first quarter of […]