Nike Inc

The Nike logo is displayed at a Nike Well Collective store on February 16, 2024 in Glendale, California. Mario Tama | Getty ImagesNike on Thursday reported holiday sales that beat estimates, helped by better than expected growth in North America.Here's how the company performed compared with what Wall Street was anticipating, based on a survey of analysts by LSEG, formerly known as Refinitiv:Earnings per share: 77 cents vs. 74 cents expectedRevenue: $12.43 billion vs. $12.28 billion expectedThe company's reported net…

Guard Caitlin Clark #22 of the Iowa Hawkeyes listens as the crowd cheers after breaking the NCAA women's all-time scoring record during the game against the Michigan Wolverines at Carver-Hawkeye Arena on February 15, 2024 in Iowa City, Iowa. Matthew Holst | Getty ImagesWomen's sports reached an inflection point in 2023, propelled by major new broadcast deals, once-in-a-lifetime players and record-breaking audiences that dramatically changed the sports landscape.From Caitlin Clark fever in Iowa to a packed house of 92,000…

The Foot Locker logo is displayed in a store on May 19, 2023 in San Francisco, California. Justin Sullivan | Getty ImagesShares of Foot Locker fell in premarket trading Wednesday after the sneaker retailer reported a holiday-quarter loss and issued weak guidance for the current year.Here's how the company did in its fourth fiscal quarter, compared with estimates from analysts surveyed by LSEG, formerly known as Refinitiv:Earnings per share: 38 cents adjusted vs. 32 cents expectedRevenue: $2.38 billion vs. $2.28 billion…

Employee Mo Soto arranges a shelf at a Birkenstock store on October 10, 2023 in Venice, California. Ethan Swope | Getty ImagesBirkenstock on Thursday beat holiday quarter revenue expectations, reporting a 26% year-on-year jump, as the German sandal company benefited from higher pricing and rising U.S. demand.Here's how the shoemaker did in its first fiscal quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG, formerly known as Refinitiv:Earnings per share: 4 euro cents vs. 9 euro…

Mathisworks | Digitalvision Vectors | Getty ImagesCorporate America has a message for Wall Street: It's serious about cutting costs this year.From toy and cosmetics makers to office software sellers, executives across sectors have announced layoffs and other plans to slash expenses — even at some companies that are turning a profit. Barbie maker Mattel, PayPal, Cisco, Nike, Estée Lauder and Levi Strauss are just a few of the firms that have cut jobs in recent weeks.Department store retailer Macy's said it will close five…

A man wearing a protective face mask walks past a Nike brand store in Kyiv, Ukraine, on Dec. 10, 2020.Valentyn Ogirenko | ReutersNike is cutting 2% of its current workforce, or more than 1,500 jobs, as part of a broader restructuring, the company said late Thursday.The Beaverton, Oregon-based sneaker giant said it wants to better use its capital to invest in its growth areas, such as running, women's and the Jordan brand."This is how we will reignite our growth," CEO John Donahoe said in a memo obtained by CNBC."This is a…

The hedge fund that owns True Religion is exploring a sale of the Y2K-era jeans brand as it returns to growth and profitability after emerging from its second bankruptcy, CNBC has learned. True Religion sales jumped about 20% to around $280 million last year, and it brought in $80 million in earnings before interest, taxes, depreciation and amortization, people familiar with the matter said. It's unclear what valuation True Religion is seeking, but it could sell for a mid-single-digit multiple of its EBITDA, said the…

Tiger Woods and TaylorMade have made it official. The golf great has agreed to create a new apparel and footwear performance and lifestyle brand with the Carlsbad, California company following his recent split with Nike.The brand, Sun Day Red, will be available first only online beginning in May. "Life changes and this is important transition and I wanted to have a brand that I was proud of going forward," Tiger said.Woods says the name of the brand "Sun Day Red" is a tribute to the fact that he's always worn red on…

Canadian sportswear clothing band, Lululemon store in Hong Kong.Budrul Chukrut | Lightrocket | Getty ImagesLululemon is launching its first men's footwear line and casual sneaker as the retailer looks for new avenues of growth in the increasingly crowded athletic apparel space, the company announced Thursday. The retailer is debuting its first casual sneaker, dubbed "cityverse," along with two new running shoes that will all come in both men's and women's styles for the first time. Cityverse will launch Feb. 13, while the…

Swedish buy now, pay later firm Klarna unveils a $7.99 monthly subscription plan called Klarna PlusCourtesy: KlarnaSwedish fintech firm Klarna is launching a monthly subscription plan in the U.S. to lock in its heaviest users ahead of an expected initial public offering this year, the company told CNBC.The product is set to be announced later Wednesday and will cost $7.99 per month, the Stockholm-based company said.Users of the subscription plan, named Klarna Plus, will get service fees waived, earn double rewards points…