Nike shares hit 5-year low as tariffs and consumer caution threaten sales

• Nike expects sales will plunge in current quarter as it faces tariffs, sliding consumer confidence

  Nike is trying to execute a turnaround under new CEO Elliott Hill.
  
  CNBC - 8h

• Puma’s stock dives to near 9-year low as ‘trade disputes’ hit sales of sports apparel

  Shares of Puma tumbled to a near nine-year low on Wednesday after the German sportswear group warned that geopolitical tensions and trade uncertainty would contribute to another year of weak growth.
  
  MarketWatch - Mar. 12

• Retail sales rose modestly in February, but fell short of forecasts

  Weaker than expected retail sales comes as businesses warn that U.S. consumers are pulling back on spending.
  
  CBS News - 4d

• Delta Air Lines slashes earnings outlook on weaker U.S. demand, sending shares lower

  Delta Air Lines cut its first-quarter revenue and profit forecasts, citing weaker consumer and corporate travel demand.
  
  CNBC - Mar. 10

• Darden Restaurants sales disappoint, but Olive Garden parent sees consumers continuing to spend

  Olive Garden and LongHorn Steakhouse reported weaker-than-expected same-store sales growth in Darden's latest quarter.
  
  CNBC - 1d
• 

  Dick's Sporting Goods is latest retailer to forecast rocky 2025 as recession fears swirl

  Dick’s Sporting Goods on Tuesday said it’s expecting 2025 profits to be far lower than Wall Street anticipated, making it the latest retailer to forecast a rocky year ahead as consumers contend ...
  
  NBC News - Mar. 11

• Stitch Fix’s stock rallies after styling service boosts full-year sales forecast

  Shares of Stitch Fix rallied after hours on Tuesday, after the online clothing and styling service nudged its full-year sales forecast higher and said its turnaround efforts were working, even as ...
  
  MarketWatch - Mar. 12

• Ulta issues weak guidance, citing consumer uncertainty, rising competition and company missteps

  Ulta Beauty warned that profits and revenue will be worse than Wall Street expected in the year ahead.
  
  CNBC - Mar. 13
• 

  Nike to Post Worst Sales Drop 5 Years on Stagnant Demand

  The shoe company has run into a slump, but a partnership with Kim Kardashian could be a step towards a turnaround.
  
  Inc. - 1d

More from Financial Times

• 

  Air travellers face further disruption as Heathrow reopens after fire

  Blaze at electricity substation that shut down Europe’s busiest airport raises questions about resilience of UK infrastructure
  
  Financial Times - 3h
• 

  Heathrow’s shutdown fuels questions about UK’s infrastructure resilience

  Within hours of a fire at a power substation, one of the world’s busiest airports was closed to all flights
  
  Financial Times - 3h
• 

  Heathrow hotels quadruple prices as stranded passengers drive demand

  Customers with few alternatives complain of ‘price gouging’ after flights cancelled
  
  Financial Times - 6h
• 

  Do financiers believe in sustainability or not?

  They are either being weak or hypocritical in the face of the current backlash
  
  Financial Times - 4h
• 

  S&P 500 snaps four-week losing streak

  US stocks rebound from early declines despite weak corporate earnings
  
  Financial Times - 2h

More in Business

• Microsoft rallies in last 10 minutes of trading to avoid first eight-week losing streak since 2008

  Microsoft faces competition in cloud computing from companies such as Google, which is looking to boost its security business with Wiz.
  
  CNBC - 14m

• K.W. Lee, Journalist Who Gave a Voice to Asian American Communities, Dies at 96

  His reporting sought to humanize and unite Asian Americans. It also led to the release of a Korean immigrant on death row.
  
  The New York Times - 31m

• StubHub files for IPO as companies start lining up to go public

  StubHub has become the latest tech-related company to file its IPO prospectus with the U.S. Securities and Exchange Commission.
  
  CNBC - 35m

• London’s Heathrow Airport resumes flights after major fire nearby shuts down travel

  London's Heathrow Airport closed on Friday after a fire at a nearby electrical substation caused a power outage, airport officials said.
  
  CNBC - 42m

• Elon Musk tells Tesla employees 'hang onto your stock,' urges vandals to 'stop being psycho'

  In an all-hands livestreamed meeting on Thursday night, Tesla CEO Elon Musk commented on some of protests and instances of vandalism the company has faced.
  
  CNBC - 45m