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Nike rival sneaker brand shuts down unexpectedly
TheStreet121d agoneutral
Nike rival sneaker brand shuts down unexpectedly

Nike's success has made it vulnerable to smaller players peeling off niche segments of the sneaker business. Essentially, when you're trying to reach everyone, you miss certain pieces of the market. That's why I, as a 52-year-old man with wide feet and weak ankles, wear New Balance and Skechers. ...

Mark Kelly Says Americans Paid 'Price' For Trump Admin's 'Chaotic' Tariff Policy And Savings Should Go Back To Them As Nike Faces Class Action Suit
Benzinga133d agoneutral
Mark Kelly Says Americans Paid 'Price' For Trump Admin's 'Chaotic' Tariff Policy And Savings Should Go Back To Them As Nike Faces Class Action Suit

Political pressure is building for consumer rebates after Sen. Mark Kelly (D-Ariz.) on Wednesday accused the administration's tariff policy of raising costs for households while allowing major corporations to retain the financial benefits. In a post on X, Kelly said, "Americans have paid the real price of this administration’s chaotic tariff policy. The savings should go back to them, not big corporations who raised prices and did just fine." Americans have paid the real price of this administra

Nike Sued for Refunds Over Trump’s Illegal Tariff Price Hikes
Sportico134d agoneutral
Nike Sued for Refunds Over Trump’s Illegal Tariff Price Hikes

A man who paid extra for two pairs of Nike Vomero sneakers on account of President Donald Trump’s now-illegal International Emergency Economic Powers Act tariffs is suing Nike for a refund. Through attorneys Jennifer Rust Murray and Toby J. Marshall of Terrell Marshall Law Group, James Dunn filed a complaint in an Oregon federal district …

KeyBanc Cuts On Holding Price Target to $43: Tariff Concerns Pressure the Growth Story
24/7 Wall St.134d agobearish
KeyBanc Cuts On Holding Price Target to $43: Tariff Concerns Pressure the Growth Story

An analyst firm is stepping back on price, but not on conviction. KeyBanc lowered its price target on On Holding to $43 from $58 while keeping its Overweight rating, framing the move as a recalibration tied to tariff exposure rather than a break in the long-term growth thesis. For investors weighing the premium athletic name, ... KeyBanc Cuts On Holding Price Target to $43: Tariff Concerns Pressure the Growth Story

a.k.a. Brands Sees Q1 Sales Growth, Raises 2026 Guidance
Exec Edge135d agoneutral
a.k.a. Brands Sees Q1 Sales Growth, Raises 2026 Guidance

By Karen Roman a.k.a. Brands Holding Corp. (NYSE: AKA) said first quarter net sales rose 3% to $132.5 million compared to $128.7 million the year prior Adjusted EBITDA was $5.1 million, or 3.9% of net sales, compared to $2.7 million, or 2.1% of net sales the previous year, the company stated. a.k.a. Brands updated its […]

Under Armour Tanks 18% After Earnings. Sales Continue to Slide.
Barrons.com135d agoneutral
Under Armour Tanks 18% After Earnings. Sales Continue to Slide.

Shares of Under Armour plummeted Tuesday after the sportswear retailer finished off a third consecutive fiscal year of falling sales and issued weak guidance for 2027. The company reported an adjusted loss of 3 cents a share for the fiscal fourth quarter, a tick below analysts’ consensus call for a loss of 2 cents. Analysts had expected slight revenue growth and adjusted earnings of 23 cents a share.

On Holding reports record quarter but faces 'aggressive Nike fightback'
Proactive135d agoneutral
On Holding reports record quarter but faces 'aggressive Nike fightback'

Shares in On Holding AG jogged higher in New York pre-market trading after the Swiss sportswear brand backed by Swiss tennis legend Roger Federer reported record first-quarter sales and raised its profit margin outlook after making further progress in Asia and in clothing. Net sales rose...

Investing.com139d agoneutral
Wells Fargo upgrades one, cuts two apparel stocks in sector reshuffle

Investing.com -- Wells Fargo on Friday reshuffled its ratings across the U.S. apparel and retail sector, upgrading Victoria’s Secret and downgrading Nike and Deckers, arguing that the rapid adoption of GLP-1 weight-loss drugs is impacting consumer spending in ways that favor clothing over footwear and athletic wear.

DEI Programs Are Dwindling But the Trump Administration Isn't Done
Bloomberg143d agoneutral
DEI Programs Are Dwindling But the Trump Administration Isn't Done

(Bloomberg) -- After a remarkably successful effort to extinguish diversity, equity and inclusion programs at US employers, federal officials are stepping up their push against corporate America’s remaining DEI initiatives.Most Read from BloombergBeijing Tells China Firms to Ignore US Sanctions on RefinersSupertanker Appears to Have Crossed the Strait of HormuzFormer NYC Mayor Giuliani in Critical Condition, Trump SaysWorld’s Largest Container Carrier Plans Route Avoiding HormuzPhilippines Says

Lululemon’s New CEO Is Already in the Hot Seat—and She Hasn’t Even Started
The Wall Street Journal146d agoneutral
Lululemon’s New CEO Is Already in the Hot Seat—and She Hasn’t Even Started

Lululemon’s board members were under pressure. The company’s estranged founder had launched a proxy fight, with a big-name activist investor waiting in the wings, and the board was being pushed to quickly recruit a new chief executive who could turn things around. When Lululemon landed on former Nike executive Heidi O’Neill for the job last week, Chairwoman Marti Morfitt and the board thought they had it in the bag.