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 on Friday is forecasting a rebound from slow sales and profits in the last quarter and despite $1 billion added tariff ...

Nike’s shares jumped at the opening bell Friday after the company said it’s shifting some production away from China. But it ...

While the worst could be behind the company, it has new challenges such as tariffs to face, making a tough turnaround that ...

Nike is forecasting it will have to pay $1 billion in additional costs because of President Donald Trump’s tariffs, the activewear giant announced Thursday.

“These tariffs represent a new and meaningful cost headwind,” said Matthew Friend, Nike’s chief financial officer, via The ...

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.

At the same time, the brand is restructuring teams around key sports and touted “significant progress” on rightsizing its ...

Nike stocks soared Friday, despite a 12% revenue slump in the fourth quarter. CEO Elliott Hill told analysts Thursday he expects a better fiscal year ahead, albeit one that begins with a tariff-fueled ...