Previous close | 50.21 |
Open | 50.18 |
Bid | 49.41 x 0 |
Ask | 49.60 x 0 |
Day's range | 49.30 - 50.39 |
52-week range | 44.30 - 64.43 |
Volume | |
Avg. volume | 11,362 |
Market cap | 745.624B |
Beta (5Y monthly) | 1.09 |
PE ratio (TTM) | 27.75 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 0.65 (1.29%) |
Ex-dividend date | 01 Mar 2024 |
1y target est | N/A |
Higher freight costs and lower consumer buying power could hit retailers in the coming months.
Nike is laying off approximately 740 employees, while Lululemon is trimming a little over 128 jobs as it shutters a distribution center.
The "second phase of impacts" would begin by June 28 at its headquarters, Michele Adams, Nike's vice president for people solutions, said in a legally mandated notice to state authorities. Nike had in December announced a cost savings plan for $2 billion over the next three years, and in February said it would cut about 2% of its total workforce, or more than 1,600 roles. It had about 83,700 employees as of May 31, 2023.