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Apple got an estimated $2.2 billion tariff refund last quarter. Amazon got $600 million. Nike got $300 million. But American consumers who paid higher prices as President Donald Trump’s tariffs filtered through the economy are getting almost nothing back.
FSN E-Commerce Ventures Ltd (BOM:543384) reports robust Q1 FY27 results with record profitability, strategic Nike partnership traction, and rapid expansion of Nyka Now quick-commerce.
The lawsuit was filed in California, which has a law that bans deceptive reference prices.
The e-commerce giant also will use the $600 million it has recouped from invalidated tariffs to lower prices for shoppers, per a Thursday earnings call.
Investing.com -- Nike Inc’s China operating margins should improve 200 basis points in fiscal 2027 to 24%, well above Wall Street’s forecast of roughly flat margins year-over-year, as the sportswear giant eliminates partner-operated online storefronts and exits discounted wholesale channels, Bernstein analysts said in a recent note.
Crocs (CROX) shares were slumping Thursday after the footwear maker issued a downbeat third-quarter
Nike (NKE) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Wall Street is set to open higher on Thursday as strong Microsoft results helped technology stocks recover from their sharp post-Federal Reserve sell-off. Dow Jones futures were up 225 points, or 0.4%, while S&P 500 futures pointed to a 0.6% gain and the Nasdaq was called 1.3%...
Adidas shares tumbled on Thursday after the sportswear giant missed quarterly profit expectations following higher marketing spending around...
NKE's demand headwinds continue to pressure sales, but innovation and its turnaround strategy remain central to restoring growth and earnings.
Nike is losing the fashion battle to Japan’s Asics. Running’s growing popularity has helped catapult shares in Asics, a favorite among runners. Nike cruised on popular lifestyle sneakers—Air Jordan 1s, Air Force 1s and Dunks—for too long and fell behind on running.
The world's largest sportswear company has accelerated a wave of store closures across the U.S., shutting down roughly a dozen locations in a single month as it works to reshape its retail footprint. The move comes at a time when competition across the athletic apparel industry is intensifying. ...
HANOI, July 24 () - Vietnam faces higher U. tariffs than peers and risks a further erosion of competitiveness in the clothing sector, as the largest exporter of apparel to the U.
Ermenegildo Zegna (NYSE:ZGN) reported a sequential acceleration in preliminary second-quarter 2026 revenue, with management citing broad-based strength in its direct-to-consumer business and continued progress in shifting the group toward a retail-first model. Paola Durante, Chief of External Relat
(Bloomberg) -- The US will collect duties of at least 10% on imports from most major trading partners, its biggest move yet to reconstruct President Donald Trump’s tariff wall that was pierced by the Supreme Court.Most Read from BloombergRetina Chip Designed to Restore Sight to Go on Sale in EuropeHegseth Turns to UNC, Virginia Tech After Dropping Ivy LeagueApple Plans Overhaul of MacBooks, iMac in Push to Meet AI DemandAlphabet Falls as $205 Billion Spending Plan Fuels AI Cost FearTrump’s 100%
Analysts who follow Nike are expressing skepticism about its move to consolidate online sales in China. The company said Wednesday that it will cut off most of the third-party e-commerce vendors who sell its products, consolidating sales into about a dozen of the country’s top e-commerce platforms and Nike’s own Chinese-language website and app. “The decision to terminate this very important channel is a strategic misstep in our view,” said Laurent Vasilescu, an analyst at BNP Paribas.
Find insight on Apple, Reach PLC, and more in the latest Market Talks covering technology, media and telecom.
Nike will shift online sales to its official website and app, as well as its flagship stores on e-commerce platforms Tmall, JD.com and Douyin from January.
LeBron James has been helpingNike (NKE) sell basketball sneakers for more than two decades. Now he’s giving the company a harsh diagnosis. Speaking at the CNBC x Boardroom Game Plan Summit, James said Nike needs to reconnect with local communities and listen more closely to consumers if it wants to ...
Nike's restructuring, which it launched in April 2026, has already led to several store closings, layoffs, and an exit from a business partnership. And now the popular sneaker company has closed two more locations on opposite sides of the country as part of its national retail strategy, according ...
The sportswear company restocked the team jerseys this week, well after the U.S. was eliminated from the World Cup.
Taiwan Semiconductor Manufacturing posted its fifth straight quarter of record earnings earlier today, but that wasn’t enough to cheer investors. The Nasdaq slipped 1.5%, with Sandisk Western Digital and Marvell among the biggest losers. The PHLX Semiconductor index was off 4.3%.
The sportswear company restocked the team jerseys this week, well after the U.S. was eliminated from the World Cup.
Collections ease cash-flow pressure but trade risks remain
Apparel giants face declines as weak demand, tariffs, excess inventory and restructuring challenges pressure the industry.
Nearly three-quarters of last quarter's earnings came from a one-time tariff refund. Strip it out, and the picture gets more interesting.
Nike Inc. (NYSE:NKE) is one of the 12 Best Dow Stocks to Invest In Right Now. On July 3, Joseph Civello, an analyst at Truist Financial, reiterated a Buy rating on Nike Inc. (NYSE:NKE) and set a price target of $47. The analyst update follows the company’s quarterly earnings report announced on June 30. The […]
The sportswear brand has collected more than $300 million in refunds for the invalidated levies, as of the quarter ending May 31.
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