The Latest Breaking News from Matthew Friend

Inside David Denton's Nike Pay Package: $7.25M Cash, $11.5M Stock Awards and a Turnaround Mandate

Nike's new CFO David Denton could earn up to $25.9m (£19.6m) in year one, including $7.25 million cash he must repay if he leaves within two years.

International Business Times UK · Jun 24

On Running Shoes Won't Be Running Black Friday Deals Despite 'Price-Competitive Environment'

Swiss footwear company On Holding (NYSE:ONON) will offer no Black Friday deals in an effort to solidify itself as a premium brand, company officials recently said. 

Benzinga · Nov 23, 2025

Kim Kardashian's SKIMS Partnership With Nike Sportswear Receives 'Strong' Response, But Shoemaker Grapples With $1.5 Billion Hit From Trump's Tariffs

Nike Inc. (NYSE:NKE) is navigating a period of sharp contrasts, celebrating a new partnership with Kim Kardashian's SKIMS while simultaneously bracing for a massive financial blow from escalating U.S. tariffs.

Benzinga · Oct 1, 2025

How Nike's new CEO plans to rebound from its worst year ever

A Fortune profile of Elliott Hill chronicles his career journey at the retailer and a turnaround strategy.

Fortune · Jan 23, 2025

Should You Avoid This Dividend Stock as 'Tariff Man' Trump Returns?

Donald Trump, who proclaimed himself as the "tariff man" in his first tenure, is set to return to the White House. His tariffs could be a serious headwind for companies like Nike that rely on China for the bulk of their supplies.

Barchart · Nov 20, 2024

Nike’s new CEO is good news—but the CFO will need to help steer a turnaround

Nike faces multiple headwinds, says Morningstar analyst.

Fortune · Oct 3, 2024

Is Nike Stock Still a Buy After Earnings? Here's What Wall Street Says

Nike stock is tumbling Wednesday after the retailer reported mixed earnings results and withdrew its full-year guidance.

Kiplinger · Oct 2, 2024

Nike Earnings Drop, Says Turnaround Will Take Time

Nike reported a drop in profits Tuesday on sagging revenues as the sports giant cautioned that a turnaround from a rocky period would take time under a new CEO. The athletics company's financials showed lower sales in every operating region, as its CFO pointed to lackluster store traffic in China…

International Business Times · Oct 2, 2024

Nike postpones investor meeting after hiring new boss amid falling sales

Sportswear giant pulls financial guidance for the year to provide incoming CEO Elliott Hill ‘flexibility’

The Guardian - US · Oct 1, 2024

Nike Stock Sinks on Dismal Sales Forecast: What to Know

Nike stock is spiraling Friday after the athletic and apparel retailer missed sales estimates for its most recent quarter and lowered its outlook for its new fiscal year.

Kiplinger · Jun 28, 2024