The sneaker giant is expected to increase prices starting in June. Sneaker giant Nike is expected to raise prices and return to selling on Amazon after a more than five-year break. The retailer ...

Mary Cunningham is a reporter for CBS MoneyWatch. Before joining the business and finance vertical, she worked at "60 Minutes," CBSNews.com and CBS News 24/7 as part of the CBS News Associate Program.

Pam Danziger reports on retail, focused on the luxury consumer market. Nike CEO Elliott Hill reshuffles leadership after six months, promoting Amy Montagne to president and splitting ...

One of Nike’s most powerful executives will retire as part of the biggest leadership reshuffle to date under CEO Elliott Hill, who’s working to reboot the company. Heidi O’Neill, a 26-year ...

The sportswear juggernaut Nike is facing widespread scrutiny after one of its London billboards had to be removed over holocaust comparisons, and a recent New York Times article reported that the ...

Bill Ackman said that the chief executive of Nike apologized over a billboard that “made light of the Holocaust” by using the slogan “Never again” — though the apparel giant has not ...

Nike came under fire on Monday for a billboard that was shown at the end of the London Marathon. The sign read "Never Again. Until Next Year." It featured black lettering on top of a read ...

An investor on Friday filed a lawsuit in federal court in New York over Nike‘s closure of a subsidiary that sold virtual sneakers. In December, RTFKT, pronounced “Artifact,” said it would ...

Nike has been hit with a class-action lawsuit that accuses the sportswear giant of operating a rug pull for shuttering its non-fungible token (NFT) platform RTFKT in January. A group of RTFKT ...

Nike’s origin story begins with track and field coach Bill Bowerman and co-founder Phil Knight. Bowerman was always interested in creating the best sneakers for runners, making prototypes and ...

Nike’s shares plummeted Friday as investors grew wary about new CEO Elliott Hill’s turnaround plans after the struggling sneaker giant warned that sales could plunge by double digits.

Nike is in a major slump. The company’s global sales dropped 9% last quarter, including a 17% drop in China, Nike said Thursday. In North America, Nike’s largest market, sales dropped 9%. But ...