RADNOR, Pa., July 09, 2024 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP informs investors that the firm has filed a securities fraud class action lawsuit against NIKE, Inc. (NYSE: NKE) (“NIKE” or the “Company”) on behalf of investors who purchased or acquired NIKE Class B common stock between March 19, 2021, and March 21, 2024, inclusive (the “Class Period”). This action, captioned City Pension Fund for Firefighters and Police Officers in the City of Pembroke Pines v. NIKE, Inc., e ...

Nike reportedly tapped retired executive Tom Peddie to boost its retail partnerships.Peddie worked for Nike for 30 years before retiring in 2020 and is returning to the sneaker giant to serve as vice president of marketplace partners, Bloomberg reported Monday (July 8), citing an internal Nike memo.Nike is working to repair relations with brands like Foot Locker after removing its merchandise from retail spaces as it focused on its own stores and digital offerings, the report said.“As we continue to focus a ...

SAN DIEGO, July 08, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of persons and entities that purchased or otherwise acquired NIKE, Inc. (NYSE: NKE) Class B Common stock between March 19, 2021 and March 21, 2024. NIKE is a global athletic footwear and apparel company that designs, markets, and sells products for its NIKE, Jordan, and Converse brands. For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 35 ...

LOS ANGELES, July 08, 2024 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming August 19, 2024 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Nike, Inc. (“Nike” or the “Company”) (NYSE: NKE) Class B common stock between March 19, 2021 and March 21, 2024, inclusive (the “Class Period”). If you suffered a loss on your Nike investments or would like to inquire about potentially pursuing claims t ...

hapabapa Nike Inc. (NYSE:NKE) is an American athletic footwear and apparel corporation. Founded in 1964, Nike is now a $114 billion (by market cap) sportswear behemoth that employs more than 80,000 people. FY 2023 sales can be broken down geographically as follows: 44%, North America; 28%, EMEA; 15%, Greater China; and 13%, APLA. As the world's largest seller of athletic footwear and apparel, Nike is in a league of its own and the true kingpin of its industry. The company has spent decades investing in its ...

Despite its struggles, this business should be on your investing watch list.I'm sure most readers are familiar with Nike (NKE 0.25%). The leading sportswear business, which sells popular apparel and sneakers, has a global presence. And it's been atop the industry for many decades. But Nike has been dealing with some major challenges, which revealed themselves recently when the company reported its latest financial results. As of this writing, the consumer discretionary stock trades 58% below its peak price. ...

The answer may come down to personal preference.Athletic apparel giant Nike (NKE 0.25%) is known around the world and is easily recognizable by its swoosh logo. But sometimes, even an iconic company can dip into bargain territory, and Nike stock now carries an unusually cheap valuation.Consider that its market cap is currently about $113 billion, and it generated revenue of over $51 billion in its fiscal 2024. This means that Nike stock trades at a price-to-sales (P/S) ratio of a little more than 2 -- the c ...

RADNOR, Pa., July 02, 2024 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP informs investors that the firm has filed a securities fraud class action lawsuit against NIKE, Inc. (NYSE: NKE) (“NIKE” or the “Company”) on behalf of investors who purchased or acquired NIKE Class B common stock between March 19, 2021, and March 21, 2024, inclusive (the “Class Period”). This action, captioned City Pension Fund for Firefighters and Police Officers in the City of Pembroke Pines v. NIKE, Inc., e ...

The athletic footwear and apparel maker's sales growth has stalled.Nike's (NKE 1.94%) stock sank 20% to a four-year low on June 28 after the company posted its latest earnings report. For the fourth quarter of fiscal 2024, which ended on May 31, the footwear and athletic apparel maker's revenue dipped 2% year over year (and stayed flat in currency neutral terms) to $12.6 billion and missed analysts' expectations by $250 million. Its diluted EPS rose 50% to $0.99 and cleared the consensus forecast by $0.15 p ...

NEW YORK, July 01, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of NIKE, Inc. (NYSE: NKE). Shareholders who purchased shares of NKE during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/nike-loss-submission-form/?id=88035&from=3 CLASS PERIOD: March 19, 2021 to March 21, 2024 A ...