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Nike's powerhouse labels lose footing against upstart brands: Analysts

The Air Jordan 1 shoe maker mainly blamed cautious consumer spending for the downbeat forecast on Thursday and laid out a $2 billion cost-saving program, signaling a shift in strategy to focus on profitability over sales growth. ....

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Nike Shares: Nike shares falter as weak consumer spending prompts forecast cut

International Business News: Nike's shares fell 11% after the company cut its revenue forecast and announced a $2 billion cost-saving plan. The sportswear giant is shifting its st ....

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Nike shares falter as weak consumer spending prompts forecast cut

Nike shares falter as weak consumer spending prompts forecast cut
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