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Nike has postponed an investor day scheduled for November 19

Nike withdraws its annual forecast

Nike has withdrawn its annual revenue forecast today, just as a new CEO is set to take the helm at the sportswear giant that is staring at a holiday season likely to be filled with discounts and weak traffic on its website and mobile apps.

Business • 02 Oct 24

Nike is shaking up its leadership amid efforts to revive sales and battle rising competition

Nike veteran Hill to replace Donahoe as CEO, shares jump

Nike has said that former senior executive Elliott Hill will rejoin the company to succeed John Donahoe as president and CEO, as the sportswear giant shakes up its leadership amid efforts to revive sales and battle rising competition.

Business • 20 Sep 24

Nike said that higher prices of its runners and apparel helped offset a hit from waning demand and persistent cost pressures

Nike beats profit estimates, to boost focus on running

Nike topped Wall Street estimates for first-quarter profit last night as higher prices of its runners and apparel helped offset a hit from waning demand and persistent cost pressures.

Business • 29 Sep 23

Nike was hurt by closures of department and retail stores due to lockdowns spurred by the Covid-19 pandemic

Nike posts surprise loss as Covid hits wholesale unit

Nike has reported an unexpected quarterly loss - its first in more than two years - hurt by closures of department and retail stores due to lockdowns spurred by the Covid-19 pandemic.

Business • 26 Jun 20

EBay's revenue rose 13.5% to $4.53 billion for the fourth quarter

EBay dismisses Icahn proposal to spin off Paypal

Carl Icahn has taken a stake in eBay and is proposing a spin-off of its fast-growing PayPal division.

Business • 23 Jan 14

EBay posts higher Q3 earnings and revenue

EBay last night said its third-quarter net income rose 22% thanks to higher revenue at its PayPal payments service and at the marketplaces business.

Business • 18 Oct 12