Nike

Nike shares dip as forecast withdrawal worries investors about turnaround timeline

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Nike shares dip as forecast withdrawal worries investors about turnaround timeline

Nike shares dropped about 6% in premarket trading on Wednesday after the company withdrew its annual revenue target, keeping investors guessing on the timeline for a turnaround at the sportswear giant under incoming CEO Elliott Hill. The company on Tuesday also postponed its investor day that was scheduled for Nov. 19 and CFO Matthew Friend … Read more

Nike, Under Armour and others face supply problems in Vietnam

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Nike, Under Armour and others face supply problems in Vietnam

In particular, some of America’s biggest sellers of clothing and shoes cite one catalyst that has compounded the pressure: factory closures in Vietnam stemming from a second wave of the coronavirus outbreak there. That’s led brands from PacSun to Nike to warn about the effects on their supply. In late September, Nike (NKE) cut its … Read more