Nike warned on Thursday that its revenue in the first half of fiscal 2025 would shrink by a low single-digit percentage as the world’s largest sportswear maker scales back on franchises to save ...

Sportswear giant Nike said it will decrease production of one of its most iconic sneakers. Nike recently announced on an earnings call it will produce less Air Force 1 sneakers to protect the ...

The vibe will be the opposite 8 miles away at Nike’s 400-acre campus, where the industry leader will end the first week of a bruising mass layoff, the first for the company since 2020 ...