July 1, 2024
“Shares of Nike plunged on Friday after the retailer cut its full-year guidance and said it expects sales to drop 10% during its current quarter as it warned of soft sales in China and “uneven” consumer trends across the globe. The expected… Continue Reading…
March 31, 2023
“Activist shareholder platform Tulipshare is calling on Nike to offer more transparency on working conditions in its supply chain. In a shareholder proposal released Thursday, London-based Tulipshare requested a report from Nike on whether its policies effectively address its stated… Continue Reading…
February 25, 2022
“…The chain said no single vendor is expected to represent more than 60% of total purchases this fiscal year, down from 70% in fiscal 2021 and 75% in the previous year. That contributed to Foot Locker projecting profit and comparable… Continue Reading…
December 19, 2019
“…Chip stocks seized some early initiative as Micron Technology (MU) and Western Digital (WDC) raced to the top of the Nasdaq 100 and S&P 500. Cisco Systems (CSCO) climbed atop the Dow Jones today, while Netflix (NFLX) aimed to extend its four-day rally. 01:0801:08 Dow Jones futures edged up… Continue Reading…
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