Wolverine World Wide sells Sperry to Authentic Brands Group in shoe retail deal

[ad_1] Sperry Top-Sider Bill fish Tan and Beige. Mayra Beltran | Houston Chronicle | Getty Images Wolverine World Wide has sold Sperry to brand management firm Authentic Brands Group and…

Nike sinks 10% after it slashes sales outlook, unveils $2 billion in cost cuts

[ad_1] A customer enters a Nike store along the Magnificent Mile shopping district in Chicago on Dec. 21, 2022. Scott Olson | Getty Images Nike now expects full-year reported revenue…

Nike unveils plan to cut $2 billion in costs, warns of soft revenue

[ad_1] A customer enters a Nike store along the Magnificent Mile shopping district on December 21, 2022 in Chicago, Illinois.  Scott Olson | Getty Images Nike on Thursday unveiled plans…

Nike misses on revenue for first time in two years, but stock pops as earnings, margins beat

[ad_1] Nike reported revenue Thursday that fell short of Wall Street’s sales expectations for the first time in two years, but it beat on earnings and gross margin estimates, sending…