Foot Locker shares plunge 14% — especially for Nike products
Foot Locker shares plunged 14.3% Wednesday after the company reported lower-than-expected earnings and lowered its full-year forecast after weak holiday demand. The CEO specifically cited Nike products. Former Ulta Beauty president Mary Dillon, who took over Foot Locker in 2022, blamed weak demand for Nike sneakers and promotions that exceeded industry-wide expectations. “Certainly there are […]
Paige Bueckers has a Nike signature shoe — and Caitlin Clark fans are confused
Connecticut star Paige Bueckers is doing something no other college basketball player has done. Bookers has designed her own Nike Player Edition sneakers, which she plans to release this month. The sportswear giant made the announcement on Monday. Bueckers' Nike GT Hustle 3, the first basketball sneaker ever created by a former college athlete, will […]
MicroStrategy’s $26 billion Bitcoin cache is larger than IBM, Nike cash holdings – Yahoo Finance
(Bloomberg) — Michael Saylor's unusual decision to hold Bitcoin instead of cash on MicroStrategy's books has turned the once-obscure software maker into the upper echelon of one of the richest companies when it comes to financial assets. I jumped into the club. Most Read Articles on Bloomberg Listen to the Here's Why podcast on Apple, […]
Jaylen Brown’s Nike feud continues over Giannis Antetokounmpo post
Jaylen Brown and Nike's feud continues. The Celtics star fired back after a sportswear brand appeared to attack him while celebrating Bucks star Giannis Antetokounmpo's 59-point performance in Wednesday's win over the Pistons. “There's nothing childish about them. 59 for Greek Freaks,” Nike posted on X. Antetokounmpo has a shoe contract with Nike. “Yale got […]
Nike and Jaylen Brown are taking shots at each other after Giannis’ historic night
It's no secret that Jaylen Brown hates Nike. of boston celtics The star blamed shoe company politics for not being selected to represent USA Basketball at the 2024 Paris Olympics despite being named NBA Finals MVP. Brown has not retracted his criticism from earlier this season, saying in a recent interview: He still won't sign […]
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 […]