Elliott Hill

Nike forecasts sales drop after quarterly revenue miss

Nike reported first-quarter revenue below Wall Street's expectations on Thursday, Oct. 1, and forecast that sales will fall by a high-single-digit percentage this fiscal year. Weakness in Greater China, Nike Sportswear and the Jordan brand weighed on results nearly two…

Nike unveils restructuring plan with more job cuts in 2027

Nike on Thursday announced Pace, a plan to overhaul how the company operates. It includes modernizing the global supply chain, opening a new campus in Bengaluru, India, cutting from four sales geographies to three and reducing the size of the…