Beaverton
- 2d ago
Nike drops from S&P 100 after 18 years as stock falls 76% and Mbappé joins rival On
Nike has been removed from the S&P 100 index after an 18-year tenure, following a 76% stock decline since 2021, a 22% quarterly sales drop in China, and the departure of Kylian Mbappé to Swiss competitor On.
- 5d ago
Nike announces $2.5 billion cost-cutting plan and job reductions as sales slide across key markets
Chief Executive Elliott Hill introduced the multi-year Pace restructuring program after quarterly revenue dropped 4% to $11.2 billion and shares fell to a 12-year low.
- Aug 22
Nike discounts Air Force 1 Iris to 90.99 euros and details back-to-school lines
Nike has rolled out promotions on its French storefront, reducing the Air Force 1'07 SE Iris to 90.99 euros while cataloguing children's Dunk Low sneakers and fleece sets for the autumn school return.
