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Walmart, Mitsubishi, and Nike are raising prices, citing Trump’s tariffs as inflation climbs—highlighting the trade war’s ...
Nike said it's raising prices to offset $1 billion in tariff costs, while it works on diversifying its sourcing and reducing its reliance on China.
Nike on Friday is forecasting a rebound from slow sales and profits in the last quarter and despite $1 billion added tariff costs on foreign goods of its sneakers and athletic gear.
Trump's tariffs have companies scrambling as they navigate cost increases. Here are the companies that have talked about ...
In October 2024, S&P revised its outlook on Nike to negative due to revenue and profitability declines. It subsequently ...
Inflation rose last month to its highest level since February as President Donald Trump’s sweeping tariffs push up the cost ...
Nike projects $1B in tariff costs, plans supply chain shift from China and price hikes. CEO Elliott Hill outlines turnaround strategies for growth.
The ailing US sportswear company reported falling revenues and income. Its fiscal guidance for the current quarter nonetheless gave investors a glimmer of hope, pushing the share price up around 10% ...
According to CNBC, Nike is bracing itself for some rocky times after taking a big financial hit in their fiscal fourth quarter, and that was before Trump tariffs went into effect.Now that they ...
Nike’s revenue is down due to a combination of factors including reduced consumer spending, particularly in key markets like China, inventory issues and competition.
Along the way, Nike will be forced to contend with tariffs, which were already impacting its results in its fiscal 2025 third quarter (which ended Feb. 28).
New York (CNN) — Nike is forecasting it will have to pay $1 billion in additional costs because of President Donald Trump’s tariffs, the activewear giant announced Thursday.