Nike’s quarterly sales and profits slump as it faces shoppers’ sluggish demand for its products

Nike’s quarterly sales and profits slump as it faces shoppers’ sluggish demand for its products

NEW YORK — Nike sales and profits slumped in its fiscal first quarter as the sportswear giant wrestles with shoppers’ sluggish demand for new sneaker models and other products. The lackluster results Tuesday came after Nike announced last month that its CEO, John Donahoe, is stepping down on Oct. 13. Company veteran Elliott Hill is … Read more

I pray my second term is more boring than my first

I pray my second term is more boring than my first

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Kristalina Georgieva, IMF managing director, joins ‘Money Movers’ to discuss how Georgieva handles the ‘new world’ we are living in, what U.S. tariffs would mean for the global economy, and much more. Source link