Nike Stock Drops as Avenatti Extortion Trial Begins
Nike stock is starting the week in the red as a federal extortion trial against celebrity lawyer Michael Aveantti, which alleges he tried to shake down the athletic apparel giant for millions of dollars, gets ... [Read]
NKE Stock Drops as CEO Steps Down from Position After 13 Years
NKE stock dropped 3.5% today after longtime CEO Mark Parker announced he was stepping down from his current role with Nike Inc (NYSE:NKE) after 13 years and moving to a new role with the company. ... [Read]
Nike Stock Drops Amid Reports CEO was Briefed on Doping Efforts
Nike stock is down nearly 2% today following reports that CEO Mark Parker was briefed by banned coach Alberto Salazar on doping efforts. Nike Execs Aware of PED Experiments Nike Inc (NYSE:NKE) has seen its ... [Read]
NKE Stock Gains Momentum Ahead of Q1 Earnings
Nike Inc. (NYSE:NKE) will on Tuesday announce its earnings results for the fiscal 2020 first-quarter. There are high expectations from NKE stock investors considering the company performed exceptionally in 2019, outpacing management forecasts. Despite this ... [Read]
Superdry Stock Tanks in 2019: Announces £85.4M Loss
Retailer Superdry (OTCPK:SEPGY) spent much of 2018 struggling. And now the company has fallen further into the red with annual reporting a loss of £85.4 million ($106.77 million USD). Further, the company is warning investors ... [Read]
CROX Stock Jumps 5%: Earnings Come in Better Than Expected
CROX stock is one of the biggest gainers in Tuesday’s session after Crocs Inc. (NASDAQ:CROX) reported better than estimated results for its fiscal first-quarter earnings. Beating Analyst Estimates Crocs Inc, based in Colorado, posted a net income ... [Read]
Nike Stock Reacts to Zion Williamson’s Torn Sneaker
Nike (NYSE:NKE) suffered an embarrassing moment on Thursday that affected Nike stock. Emerging basketball star Zion Williamson’s sneaker split in half 33 seconds into a game between his team Duke University and North Carolina. After ... [Read]
Nike Adapt BB: Self-Lacing Shoes Make Their Debut into Retail
Technology has made things that were once a hassle easy and effortless. It has transformed our roadways, jobs, means of communication, and just about everything else in life. Now, technology will lace your own shoes ... [Read]
Foot Locker Invests $3M in Children’s Clothing Company, Stock Moves Up
On Thursday, January 3rd, Foot Locker (NYSE:FL) announced that it invested $3 million in Super Heroic Inc. The latter is a clothing and shoe company for children. It’s good news for Super Heroic; this is ... [Read]
Michael Kors Set to Buy Versace for $2.2 Billion and Change Its Name
Michael Kors Holdings Ltd (NYSE:KORS) just confirmed that it is going to buy the Italian luxury brand Versace. On Monday, rumors spread that Michael Kors was planning the acquisition but today, it was officially confirmed ... [Read]