Nike said it would cut its reliance on production in China for the U.S. market to mitigate the impact from U.S. tariffs on imports, and forecast a smaller-than-expected drop in first-quarter revenue, ...

Nike's shares jumped at the opening bell Friday after the company said it's shifting some production away from China. But it also warned that tariffs imposed by the Trump administration will cost it ...

Nike said it's raising prices to offset $1 billion in tariff costs, while it works on diversifying its sourcing and reducing ...

Nike’s revenue is down due to a combination of factors including reduced consumer spending, particularly in key markets like China, inventory issues and competition.

Company executives say the sportwear giant will cut its reliance on producing goods in China to ease the impact of US trade policies.

Nike stock rose Wednesday after Trump said the US had struck a trade deal with Vietnam, a key import source for the company ...

Nike's US sales were down 46% March to May. Nearly all of the footwear giant's retailing stores were closed two thirds of the fiscal fourth quarter.

Click to enlarge (Data from Nike's 2015, 2017, and 2019 earnings reports. Segment revenues in millions of dollars.). As the table shows, China's revenue contribution more than doubled in the past ...

A Nike store in Yichang, Hubei province, China. Nike was heavily criticized on social media in China for its stance on Xinjiang in March. Liu Junfeng/Costfoto/Sipa USA ...

NIKE STOCK SOARS TO RECORD AS US SALES BOOM. Nike recently came under fire in China for a comment it made raising concerns about forced labor practices in the Xinjiang Uyghur Autonomous Region (XUAR).

Team USA Olympians and Paralympians will be sporting Nike apparel on the winner’s podium at the Beijing Winter Olympics, but the company is staying mum on where the outfits are manufactured.