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Nike is taking action to combat a $1 billion cost increase from tariffs, including “a surgical price increase” in the U.S.
Nike has warned that tariffs introduced by President Donald Trump could raise its costs by $1 billion this year.
Nike’s shares jumped at the opening bell Friday after the company said it’s shifting some production away from China. But it ...
Company executives say the sportwear giant will cut its reliance on producing goods in China to ease the impact of US trade ...
Nike said it's raising prices to offset $1 billion in tariff costs, while it works on diversifying its sourcing and reducing ...
Nike is forecasting it will have to pay $1 billion in additional costs because of President Donald Trump’s tariffs, the ...
Nike said it would cut its reliance on production in China for the U.S. market to mitigate the impact from Washington's ...
Under Hill, who joined in October last year, Nike is investing more into marketing focused on sports, with marketing spending ...
Leading companies such as Nike, Walmart, and Shein are indicating that new tariffs imposed by President Donald Trump are ...
“These tariffs represent a new and meaningful cost headwind,” said Matthew Friend, Nike’s chief financial officer, via The ...
Nike announced Thursday that it expects to incur $1 billion in additional costs due to tariffs imposed by President Donald ...
Nike has admitted that tariffs will represent a billion dollar hit but claims that the worst is behind it as its turnaround plan takes shape with a refocus on wholesale.