Nike is taking action to combat a $1 billion cost increase from tariffs, including “a surgical price increase” in the U.S.

Nike shares surged 13.3% on Friday as an encouraging forecast on the back of its turnaround effort and plans to reduce China ...

Nike’s shares jumped at the opening bell Friday after the company said it’s shifting some production away from China. But it ...

Nike on Friday is forecasting a rebound from slow sales and profits in the last quarter and despite $1 billion added tariff ...

“These tariffs represent a new and meaningful cost headwind,” said Matthew Friend, Nike’s chief financial officer, via The ...

Nike stocks soared Friday, despite a 12% revenue slump in the fourth quarter. CEO Elliott Hill told analysts Thursday he ...

Nike has warned that tariffs introduced by President Donald Trump could raise its costs by $1 billion this year.

While the worst could be behind the company, it has new challenges such as tariffs to face, making a tough turnaround that ...

Nike's shares surged as it announced a shift in production away from China to avoid tariffs. The company foresees a USD 1 ...