Nike's profit plunged in its latest quarter after sales fell 12% and the sportswear brand worked to clear aged inventory and crank up marketing to jumpstart its turnaround under a new chief executive.
The sneaker and athletic apparel company said sales in North America fell 11% to $4.7 billion from a year ago, driven by lower footwear sales. Starbucks Elects Two Board Members Including Former Yahoo ...
Macy's announced 14 more store closures as part of its "Bold New Chapter" turnaround strategy aimed at boosting profitability and streamlining operations.