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Nike stock plunges on surprise forecast of drop in sales | Retail News

It was the worst day ever for the stock with losses wiping out $28.4bn from Nike’s market valuation. Nike’s stock has plunged as a forecast for a surprise drop in…

Nike Hit With Class Action After Trouble With DTC Sales Model

Nike’s once-celebrated direct-to-consumer (“DTC”) strategy has landed the sportswear company in hot water with a Florida pension fund, with the fund filing a securities class action against two of Nike’s…

Nike posts surprise drop in sales, sending shares tanking

Nike on Thursday forecast a surprise drop in fiscal 2025 sales, after disappointing fourth-quarter sales laid bare the company’s weakening market share and its faltering direct-to-consumer strategy. Shares of the…

Columbia Sportswear’s (NASDAQ:COLM) Q1 Sales Top Estimates, Stock Soars

Outerwear manufacturer Columbia Sportswear (NASDAQ:COLM) beat analysts’ expectations in Q1 CY2024, with revenue down 6.2% year on year to $770 million. On the other hand, next quarter’s revenue guidance of…

Under Armour’s Focus On Women Is Paying Dividends In Innovation And Sales

Lindsey Vonn, who has been with Under Armour since 2006, recently joined the brand’s Project Rock in … 2019. Under Armour When then-21-year-old alpine ski racer Lindsey Vonn first joined…

Columbia Sportswear’s (NASDAQ:COLM) Q1 Sales Top Estimates, Stock Soars

Outerwear manufacturer Columbia Sportswear (NASDAQ:COLM) beat analysts’ expectations in Q1 CY2024, with revenue down 6.2% year on year to $770 million. On the other hand, next quarter’s revenue guidance of…