Nike Inc
China consumer slowdown weighs on U.S. earnings again
People walk at a shopping complex in Chengdu, Sichuan province, China April 13, 2024. Tingshu Wang | Reuters From Apple to Starbucks, U.S. consumer brands are reporting yet another quarter of China sales declines. The falling revenue in what’s been a major market for the U.S. companies comes amid tepid consumer spending in China and […]
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Wealth manager for the super-rich names 3 stocks to buy before the year-end
Equity markets rallied this year, as investors remained bullish on Big Tech but also scooped up shares in under-the-radar companies. Ongoing political tensions and macroeconomic uncertainty have nevertheless raised questions over which sectors — and stocks — will outperform during the rest of the year . CNBC Pro touched base with Kevin Teng, CEO of […]
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Behind the scenes with the team of ex-prosecutors fighting Amazon’s counterfeit problem
In October 2018, police showed up at a nondescript industrial warehouse in New York’s Brooklyn Navy Yard to investigate reported counterfeits. Federal agents were looking for knockoff military gear as part of an investigation into a distributor, called California Surplus, that had secured a $20 million contract to supply the U.S. military with specialized uniforms. […]
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Consumers choose their favorite retailers ahead of the holidays: Nike, Kohl’s top the list
An exterior view of the Kohl’s store at the Paxton Town Centre near Harrisburg. A customer walks with a Nike shopping bag. Paul Weaver | SOPA Images | Emily Elconin | Bloomberg | Getty Images Nike and Kohl’s may not be winning on Wall Street, but a wide set of consumers still consider them to […]
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Stocks making the biggest moves after hours: Nike, Zions Bancorporation, Nucor and more
Check out the companies making headlines after the bell . Nike — Shares added nearly 1% after the sneaker giant and athletics apparel company renewed its uniform partnership with the NBA and WNBA. The company will be the exclusive provider of uniforms for both leagues for another 12 years. Zions Bancorporation — The regional bank […]
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Nike renews uniform partnership with NBA, WNBA as NFL opens bidding process to competitors
Nike will be the exclusive uniform and apparel provider for the National Basketball Association and Women’s National Basketball Association for another 12 years after they renewed their partnership with the sneaker giant, the leagues announced Monday. Under the terms of the deal, Nike will be the leagues’ global outfitting, merchandising, marketing and content partner until […]
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Disney will name Bob Iger’s replacement in early 2026; James Gorman to become board chair next year
James Gorman, executive chairman and then-chief executive of Morgan Stanley, speaks during a Bloomberg Television interview in New York, US, on Thursday, Oct. 26, 2023. Jeenah Moon | Bloomberg | Getty Images Disney has tapped James Gorman to replace Mark Parker as the company’s next chairman, effective in January, as the media giant lays the […]
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Stocks making the biggest moves premarket: Delta Air Lines, CVS Health, Nike and more
Check out the companies making headlines before the bell. Delta Air Lines – Shares fell nearly 5% after the airliner provided disappointing fourth-quarter revenue guidance . Delta anticipates revenue will rise between 2% and 4% from a year earlier, less than the 4.1% estimate, per LSEG. Third-quarter earnings per share and revenue also came in […]
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How China’s stimulus could provide a boost to new CEOs at Nike and Starbucks down the line
If the economic stimulus plans in China prove successful in boosting consumer spending and economic growth, it could make life easier for two new CEOs in the United States who are trying to orchestrate their own turnarounds. Brian Niccol and Elliott Hill are taking over Starbucks and Nike , respectively, just as a key market […]
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Tiger Woods’ logo dispute with Tigeraire escalates with federal court filing
USA’s Tiger Woods lines up a putt on the 2nd during day two of The Open at Royal Troon, South Ayrshire, Scotland. Picture date: Friday July 19, 2024. Jane Barlow | PA Images | Getty Images A logo dispute between Tiger Woods’ apparel company Sun Day Red and Tigeraire, a company that makes cooling products […]
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