Nike shares plunged Friday after the athletic apparel maker cut its revenue outlook for the fiscal year, with sneaker retailer Foot Locker also feeling the blow. Nike fell more than 10%. Foot Locker, which relies heavily on Nike products in its stores, was down over 5%. Nike said in its earnings report Thursday that the … Read more
A customer enters a Nike store along the Magnificent Mile shopping district on December 21, 2022 in Chicago, Illinois. Scott Olson | Getty Images Nike on Thursday unveiled plans to cut costs by about $2 billion over the next three years as it warned about a “softer” revenue outlook for the second half of the … Read more
The forthcoming Xi-Biden summit on the sidelines of the Asia Pacific Economic Conference (APEC) will be a critical juncture in the intricate relationship between the United States and China. Presently, this relationship faces more challenges than it has encountered in the past two decades. Both nations are embroiled in a long-term contest for global supremacy, … Read more
Nike reported revenue Thursday that fell short of Wall Street’s sales expectations for the first time in two years, but it beat on earnings and gross margin estimates, sending its stock soaring in after-hours trading. Here’s how the sneaker giant performed during its fiscal first quarter compared with what Wall Street was anticipating, based on … Read more
Illustration by Elham Ataeiazar After pushing again his retirement 4 occasions, Bob Iger lastly made the leap. On Feb. 25, 2020, he introduced he would step down as Disney’s CEO. His hand-picked successor, Bob Chapek, then Disney’s parks chairman, would take over the day-to-day job of operating the corporate, efficient instantly. As a part of … Read more
Portland Press Herald | Portland Press Herald | Getty Pictures In current a long time, knowledge from sports activities researchers revealed an encouraging pattern: younger ladies have been taking part in sports activities in higher numbers. However the analysis additionally uncovered an enormous missed alternative. Women drop out of sports activities at “alarming charges,” particularly … Read more
An attendee wears an HTC Vive Digital Actuality headset through the Apple Worldwide Builders Convention in San Jose, California, June 5, 2017. David Paul Morris | Bloomberg | Getty Photos On Monday, Apple is anticipated to announce its first new main product line for the reason that Apple Watch in 2014. Throughout Apple’s software-focused developer … Read more