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 plans to reduce reliance on China production for US market to soften tariff blow
Nike said it would cut its reliance on production in China for the U.S. market to mitigate the impact from U.S. tariffs on ...
Nike to cut China reliance to ease tariff hit, sending shares soaring
Nike said it would cut its reliance on production in China for the U.S. market to mitigate the impact from Washington's ...
Nike plans to reduce China production to soften US tariff blow, shares jump
Nike said it would cut its reliance on production in China to mitigate the impact from U.S. tariffs on imports, and forecast ...
Why Nike stock is soaring despite a looming billion-dollar tariff hit and its CEO saying sales are ‘not up to the Nike standard’
Nike stocks soared Friday, despite a 12% revenue slump in the fourth quarter. CEO Elliott Hill told analysts Thursday he ...
Nike announces 'surgical price increase' to mitigate $1 billion hit from Trump tariffs
Nike is taking action to combat a $1 billion cost increase from tariffs, including “a surgical price increase” in the U.S.
Nike forecasts turnaround from dismal Q4 despite tariffs
Nike on Friday is forecasting a rebound from slow sales and profits in the last quarter and despite $1 billion added tariff ...
Nike shares jump on improved outlook, shift from China; analysts see recovery
Nike shares jump 10% on upbeat Q1 forecast, efforts to reduce China reliance, and signs of recovery despite ongoing margin ...
Nike sees $1B hit from tariffs
The world's largest shoe company on Thursday said that current tariffs in place could lead to an additional cost increase of about $1B. Nike's ( NYSE: NKE) warning came after it reported FQ4 2025 ...