Nike shares tumbled 7% on Friday after the Air Jordan maker warned of lower sales in its first half as it replaces older styles with trendier sneakers, while Lululemon Athletica sank 16% as ...
While Lululemon's gloomy forecast spotlights the challenges for retailers as customers reduce discretionary spending due to sticky inflation, Nike's projection signals its efforts to battle newer ...
Apple faces a antitrust lawsuit, yet Wall Street ... may turn to the corporate sector. FedEx, Nike and Apple are set to be in the spotlight, while Lululemon (NASDAQ:LULU) slumped premarket after ...
Is premium athletic apparel entering its flop era? Despite the booming success of industry darlings like HOKA and On Cloud — two sneaker brands with a cult-like consumer following — top ...
And alongside it, we've seen Lululemon Athletica (NASDAQ: LULU) become a major industry player. For all its success over the years, Nike doesn't hold a candle to its younger rival except in one ...
Lululemon has pricing power and is growing quickly thanks to its popularity. Nike, on other hand, has faced more challenges with no obvious solution. Both businesses have warned about slowing ...
Despite this impressive performance, the company’s stock is significantly down this year due to lower-than-expected Q1 2024 ...
The tech giant is reportedly facing a lawsuit from the U.S. Department of ... ‘Must Be A Very Capable Leader’ Nike Inc. NKE Nike shares saw a slight increase of 0.55%, closing at $100.82.
Brands like On Running, Hoka, and Lululemon are taking market share from Nike, while a trend away from chunky basketball sneakers and towards low-profile "terrace" shoes like the Adidas Samba is ...
(Reuters) -Nike shares tumbled 8% on Friday after the Air Jordan maker warned of lower sales in its first half as it replaces older styles with trendier sneakers, while Lululemon Athletica sank 17 ...
Wall Street has put both Nike (NYSE: NKE) and Lululemon Athletica (NASDAQ: LULU) stocks on the discount shelf this year. The retailers are down 14% and 24% in 2024, respectively, even as the S&P ...