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.

Trump's tariffs have companies scrambling as they navigate cost increases. Here are the companies that have talked about ...

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

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

With tariffs leading to price hikes, Nike plans to shift production and reduce its reliance on Chinese manufacturing by the ...

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

Sportswear giant Nike has warned tariffs levied by US President Donald Trump could cost the company at least$1billion. (£727 ...

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

Nike reports a significant shift in production away from China, leading to a surge in stock price. However, the company warns ...

Company hopes to offset $1B tariff costs by reducing China imports, introducing price hikes, and cutting expenses - Anadolu Ajansı ...