Nike destroys earnings and sales expectations, stock gains
admin Nike Inc.’s stock rose nearly 8% in extended trading Tuesday after the sporting-goods retailer reported…
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Lululemon stock drops 10% after mixed quarterly results, soaring inventories
Lululemon Athletica Inc. stock fell more than 10% in the extended session Thursday after the…
Read MoreAdidas cuts 2022 outlook after Yeezy partnership ends
Adidas again cut revenue and earnings guidance for the year to account for the end…
Read MorePuma’s new CEO Arne Freundt takes reins immediately as incumbent moves to Adidas top job
Puma SE said Tuesday that Arne Freundt will take over immediately as chief executive, ahead…
Read MoreSteven Madden stock downgraded a day before earnings, as analyst warns of guidance cut
Shares of Steven Madden Ltd. fell Tuesday, after Wedbush analyst Tom Nikic backed away from…
Read MoreKanye West loses billionaire status after Adidas cuts ties with him
Adidas became the latest organization to distance itself from artist Kanye West this week when…
Read MoreKanye West shows up at Skechers office unannounced, is then escorted out
Kanye West made an impromptu appearance at the Los Angeles office of shoe-maker Skechers SKX,…
Read MoreTod’s buyout won’t go forward after offer misses threshold
The buyout offer for Italian luxury shoemaker Tod’s SpA won’t go forward after the Della…
Read MoreSkechers stock sinks after earnings miss, downbeat outlook
Skechers USA Inc. shares dropped more than 10% in late trading Tuesday after the maker…
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Nike’s Phil Knight: Kyrie Irving ‘stepped over the line’ sharing antisemitic film
““Kyrie stepped over the line. It’s kind of that simple. He made some statements that…
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