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Nike’s corporate headquarters in Oregon faces second phase of layoffs, effective June 28; layoffs are part of the 2% workforce reduction Nike announced in February, which is taking place across two phases

Nike debuts improvements to Air cushioning platform across multiple different sports, which athletes will wear during the Summer Olympics; company's new Pegasus Premium running shoe features new Air Zoom unit that claims to return more energy to runners

Bank of America upgrades Nike to buy from neutral with US$113 target, says company is 'taking bold steps to transform' and estimates look achievable; catalysts include upcoming Paris Olympics, Nike's first investor day in seven years, potential shake-ups

Study finds 59% of teenage respondents say Nike is their favorite footwear brand, 34% say Nike is their top clothing brand; however, brand’s share in footwear decreased 190 basis points year-over-year, 230 basis points over fall 2023: Piper Sandler

NIKE, INC. - 10-Q - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

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