Nike plans to use the savings to invest more in areas such as running, women’s apparel and the Air Jordan brand, according to a report from The Wall Street.
Guess Inc.’s stock rose 3% on Friday after the clothing, footwear and accessories maker said it has agreed to acquire trendy New York-based fashion brand Rag.
While the Houthi attacks on cargo ships in the Red Sea have impacted global supply chains, U.S. retailers are better positioned to deal with the disruption.
Dragged down by losses for shares of Nike and Verizon, the Dow Jones Industrial Average is trading down Friday morning. Shares of Nike and Verizon have.