Nike is taking action to combat a $1 billion cost increase from tariffs, including “a surgical price increase” in the U.S.

Nike’s shares jumped at the opening bell Friday after the company said it’s shifting some production away from China. But it ...

Nike on Friday is forecasting a rebound from slow sales and profits in the last quarter and despite $1 billion added tariff ...

Nike shares surged 13.3% on Friday as an encouraging forecast on the back of its turnaround effort and plans to reduce China ...

Nike is forecasting it will have to pay $1 billion in additional costs because of President Donald Trump’s tariffs, the ...

“These tariffs represent a new and meaningful cost headwind,” said Matthew Friend, Nike’s chief financial officer, via The ...

Nike has warned that tariffs introduced by President Donald Trump could raise its costs by $1 billion this year.

With tariffs leading to price hikes, Nike plans to shift production and reduce its reliance on Chinese manufacturing by the ...

While the worst could be behind the company, it has new challenges such as tariffs to face, making a tough turnaround that ...