Nike plans 'surgical' price increases as it expects $1 billion hit from tariffs
1. Nike plans price hikes to offset $1 billion tariff costs. 2. 16% of US footwear imports come from China, expected to decrease. 3. Revenue fell 10% year-over-year in fiscal 2025, despite beating expectations. 4. CEO Elliott Hill focuses on reducing promotional sales and improving retail relationships. 5. Impact of tariffs anticipated to be highest in the first half of fiscal 2026.