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…

Macy’s will open up to 30 stores, as department store looks to strip malls as key part of its future

[ad_1] Macy’s is opening more small-format stores across the country. They are roughly one fifth the size of its typical locations. Macy’s Macy’s on Tuesday said it will open up…

Cramer: The 4 fears that are upsetting the market and what needs to happen next

[ad_1] The stock market is struggling with several challenges that it can’t really grasp correctly. They are mostly behind the scenes and are working to destabilize some sectors that worked…

Under Armour founder used TV anchor’s advice when facing negative coverage, records show

[ad_1] Kevin Plank, now former CEO of Under Armour, during a CNBC interview on Mad Money on Feb. 28th, 2018. Scott Mlyn | CNBC Under Armour’s founder Kevin Plank forged…

Europe stocks climb as investors await Nvidia results; euro lower as PMIs disappoint

[ad_1] Europe stocks climb as investors await Nvidia results; euro lower as PMIs disappoint  CNBC [ad_2] Source link

Macy’s beats sales estimates, but stands by cautious full-year forecast as shoppers watch their dollars

[ad_1] Macy’s on Tuesday topped Wall Street’s quarterly sales expectations, even as it struck a cautious note about consumer spending for the back half of the year.  The department store…

Under Armour’s new partnership with Steph Curry will last beyond the NBA star’s retirement

[ad_1] Under Armour and Steph Curry are entering into a long-term partnership. Source: Under Armour NBA superstar Steph Curry and Under Armour are once again betting big on each other.…

Under Armour raises outlook as earnings and revenue beat expectations

[ad_1] Under Armour shoes are seen inside of a store on November 03, 2021 in Houston, Texas. Brandon Bell | Getty Images Under Armour reported holiday quarter earnings Wednesday that…

Stocks making the biggest moves premarket: Uber, Chipotle, Microsoft, Lumen and more

[ad_1] Check out the companies making headlines in premarket trading. Uber said it is “currently responding to a cybersecurity incident” after reports that a hacker compromised its systems. Rafael Henrique…