Nike shares tumble 6% on dismal revenue forecast, layoff plans as sneaker giant loses shine
It was the second straight day of declines for Nike, putting the sneaker brand's stock down more than 48% so far this year.


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It was the second straight day of declines for Nike, putting the sneaker brand's stock down more than 48% so far this year.

The company has faced struggles in China and in its sneaker business.
I'm 21 and make up to $280,000 a month reselling sneakers. I don't see my friends much and still live at home.
Nike-owned Converse acknowledged that an ad for its Chuck Taylor sneaker is "deeply upsetting."

Sneaker company removes social media ad after backlash from critics who said it resembled KKK imagery. The sneaker company Converse has removed a social media…

Converse has removed a social media ad after backlash over an image critics said evoked racist symbols

A photo promoting the Chuck 70 X sneaker seemed to depict a lynching.
Shares of the sporting-goods retailer suffering a record selloff as profit and sales missed expectations and the full-year outlook was slashed.
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China was once Nike's fastest-growing region but the company has lost relevance among young consumers and ceded market share to smaller, domestic brands.

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The agreement, which includes plans for sportswear and athleisure products, and stores across the United States and China, is the latest example of an N.B.A. s…

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Nike shares have lost more than half their value in the last three years, as nimbler competitors such as On, Hoka and Anta have won more shelf space.

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My dad is a sneaker collector. His basement is filled with 500 pairs of sneakers.
After selling its business for $39 million last month, the company said it planned to buy powerful computer chips and rebrand itself NewBird AI.

Hundreds of used sneakers arrive each week at a workshop east of Paris, where workers inspect them for resale, redistribution or rejection

Co-founders to become co-CEOs as On prepares to enter its "next growth phase," the company said in a statement Wednesday.

On is entering thee third and final year of its strategy to double sales by 2026 in a quest to "be the most premium global sportswear brand."

Costco quietly dropped a new, exclusive Nike collaboration sneaker on Friday in a surprising move that sent both customers and the resale market into a frenzy.

Costco and Nike spark a frenzy with surprise sneaker drop
This 24-year-old founded a sneaker wholesale company that made $40 million in sales revenue last year - here's how he did it
Some sneaker resellers are despairing as once pricey pairs now sit on shelves unsold. NPR's Ayesha Rascoe speaks with Mike Sykes II from the Business of Fashio…
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You can play classic Nintendo games on these custom SNES-inspired Nike sneakers

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