News

Nike soars on a production shift away from China, but it warns of a $1 billion tariff hit
Nike’s shares jumped at the opening bell Friday after the company said it’s shifting some production away from China. But it ...
Nike says its tariff bill is $1 billion
Nike is forecasting it will have to pay $1 billion in additional costs because of President Donald Trump’s tariffs, the ...
Nike warns ‘surgical’ price increases are coming soon
Nike’s chief financial officer has warned of a “surgical price increase” on products sold in the United States as the company tries to reduce the impact of new fees on its manufacturing operations in ...
Philippine News Agency6h
Nike expects $1-B cost from Trump tariffs
American athletic footwear and apparel corporation Nike has said it anticipates an additional USD1 billion in costs due to ...
Nike plans 'surgical' price increases as it expects $1 billion hit from tariffs
Nike said it's raising prices to offset $1 billion in tariff costs, while it works on diversifying its sourcing and reducing ...
Trump tariffs hit Nike hard, force ‘surgical price increase’ on consumers
“These tariffs represent a new and meaningful cost headwind,” said Matthew Friend, Nike’s chief financial officer, via The ...
Nike warns of whopping $1B hit from tariffs — but shares jump on upbeat sales forecast
Under Hill, who joined in October last year, Nike is investing more into marketing focused on sports, with marketing spending ...
Three takeaways from Nike’s worst annual earnings report in decades
Near the end of the call, Hill said Nike will “evaluate corporate cost reduction as necessary,” a result of slower recovery ...