The key footwear and clothing manufacturing hub of Vietnam faces the threat of a steep 46% tariff returning in July.
Bill Ackman's hedge fund, Pershing Square Holdings, is well-known for concentrating bets in fewer than a dozen names at any given time.
Nike (NKE) is reportedly resuming the sale of its products on Amazon (AMZN), with the sportswear giant also set to hike prices amid President Donald Trump's tariffs.
Nike will raise prices on a range of items as soon as this week, as retailers brace for tariffs to hit their profits. The footwear giant said it regularly evaluates pricing, and did not say the changes were related to tariffs.
Note: Nike's FY'24 concluded on May 31, 2024.
Amer Sports' stock rockets toward a record as sports equipment and apparel maker's brands are winning in China's fast-growing premium sports and outdoor market.
The competition in the athletic footwear space is heating up, with two key players — NIKE Inc. NKE and Deckers Outdoor Corporation DECK — drawing investor attention. While NIKE leans on its global brand power and deep product portfolio, Deckers is gaining traction with strong growth from brands like HOKA and UGG.
Nike Inc (NYSE:NKE, ETR:NKE) has begun cutting jobs in its technology division, with some roles being outsourced to external vendors. The move, first reported by Bloomberg, is part of a wider restructuring as Nike seeks to revive sales and sharpen its digital operations.
Sportswear retailer Nike is laying off some of its employees in its technology division, a company representative told Reuters on Monday.
In the closing of the recent trading day, Nike (NKE) stood at $62.08, denoting a -1.63% change from the preceding trading day.
Nike is a global leader in sportswear, with a strong cash position and good management that can make a turnaround story. The sportswear industry is highly competitive, but Nike's momentum and restructure plan make the company a BUY opportunity. Nike's has a competitive advantage due to its geographical expansion and strong management team.
Wall Street analysts see Nike (NKE) as a key beneficiary from Dick's Sporting Goods (DKS) acquiring Foot Locker (FL) in a deal valued at around $2.4 billion.