The retail world is feeling a bit more at ease after the latest tariff news. President Trump's recent announcement about Vietnam tariffs has sparked mixed reactions. The new 20% tariff rate is better than the initially proposed 46%, but it's still not great for business. Some executives see it as a step back, worrying it might slow down consumer spending. The uncert...
Nike is feeling the heat from U. S. trade policies. The sportswear giant warns that tariffs could add a cool $1 billion to its costs this year. To soften the blow, Nike plans to cut back on making its products in China. This shift is a big deal because China currently makes about 16% of Nike's shoes sold in the U. S. By the end of May 2026, that number will drop to a...
Nike's stock price surged after the company shared its fiscal fourth-quarter results. The sportswear leader saw a 12% drop in revenue compared to last year, but it still managed to exceed what analysts had predicted. The company's profit also took a hit, falling to $211 million from $1. 5 billion the previous year. However, this was still better than what experts had...
Nike's shares got a big boost recently, jumping over 10% after hours. This happened even though the company reported some of its worst results in years. Investors seem hopeful that Nike's new plans might finally start working. The company's CEO, Elliott Hill, came back from retirement to lead Nike. He talked about new strategies, like focusing more on sports product...
Bath & Body Works has a new leader at the helm. Daniel Heaf has taken over as the CEO, stepping into the role immediately. Heaf comes from Nike, where he was the chief strategy and transformation officer until his position was cut by the new Nike CEO. Heaf's journey to Bath & Body Works is quite the story. He moved to Columbus, Ohio, just this past weekend. He is exp...
Sha'Carri Richardson is a name that has become synonymous with determination and triumph. Her journey to the top has been nothing short of inspiring. She has shown the world that success is not just about winning medals, but also about making a difference. In 2025, Nike made a bold move by signing her to a $20 million, five-year deal. This was a significant moment, n...
The NBA is more than just games; it's a massive industry. It's a league that stretches far beyond the 82 regular-season games. It's a world where players become global icons, and their shoes become cultural symbols. Think of Shaq's Reebok or Michael Jordan's Nike. These names are legendary, and the legacy continues with each new star. Recently, Gilbert Arenas, a...
Nike, a major player in the sportswear industry, saw its stock price dip after a recent announcement. The company warned that its sales might take a hit in the current quarter. This news came as part of Nike's efforts to turn things around and deal with new tariffs. The company's Chief Financial Officer, Matt Friend, shared that sales are expected to drop by a perce...
Spring is almost here, and it's time to update your workout gear. Nike has a sale on, offering a variety of items to suit different needs. From socks to shoes, there's something for everyone. Let's dive into some of the best deals. First up, consider the Nike Training Crew Socks. These are not your average socks; they come in a pack of six, each with a unique color....
Foot Locker is expecting a tough year ahead in the sneaker market. The company is bracing for more discounts in 2025. This is due to Nike, its biggest partner, clearing out old stock with markdowns. Nike is trying to fix its problems by selling old shoes at a discount. This is a big deal because Nike makes up about 60% of Foot Locker's sales. Foot Locker's r...