Close Menu
The Financial News 247The Financial News 247
  • Home
  • News
  • Business
  • Finance
  • Companies
  • Investing
  • Markets
  • Lifestyle
  • Tech
  • More
    • Opinion
    • Climate
    • Web Stories
    • Spotlight
    • Press Release
What's On

Virginia supermarket says $25K monthly utility bills are forcing it to close

October 6, 2026

Deadline extended for student loan borrowers looking to reduce interest rates

October 6, 2026

’60 Minutes’ draws season-best 10.2 million viewers

October 6, 2026

David Ellison reassures skittish Anderson Cooper over CNN’s independence in town hall

October 6, 2026

Passengers face travel nightmare as United Airlines cancels flight after brutal 12-hour delay

October 6, 2026
Facebook X (Twitter) Instagram
The Financial News 247The Financial News 247
Demo
  • Home
  • News
  • Business
  • Finance
  • Companies
  • Investing
  • Markets
  • Lifestyle
  • Tech
  • More
    • Opinion
    • Climate
    • Web Stories
    • Spotlight
    • Press Release
The Financial News 247The Financial News 247
Home » Nike closes 11 stores across the US — including one in California

Nike closes 11 stores across the US — including one in California

By News RoomSeptember 3, 2026No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn WhatsApp Telegram Reddit Email Tumblr
Share
Facebook Twitter LinkedIn Pinterest Email

They’re checking out.

Slumping sneaker seller Nike shuttered of a total of 11 of its U.S. stores in July alone, according to a report — including one location in a popular upscale shopping center in Northern California.

The closures impacted states across the country, including Texas, New Jersey, Illinois, North Carolina, Georgia, Florida, Missouri, Maryland, and Kentucky.

Nike closed 11 stores nationwide in the month of July alone, including a store in San Jose.

In California, the brand permanently shuttered its location at the busy Santana Row mall in San Jose — a top shopping stop for minted tech workers.

Federal Realty, which operates the center, told the Silicon Valley Business Journal that the departure was “not a decision specific to this market or property” — and part of a broader shift, as the company tries to find the way forward.

Despite the closure, the Golden State still has the most Nike locations in the country with 39 stores.

The California Post reached out to Nike for comment on the closures.

The downsizing comes as Nike announced major global operations changes in April of this year — laying off approximately 1,400 employees working in global operations, mostly in the technology sector.

The company laid off 1,400 employees in April as part of a major change in global operations.
Sales in Nike stores were down 7% in the fourth fiscal quarter of 2026, according to the company.

Download The California Post App, follow us on social, and subscribe to our newsletters

California Post News: Facebook, Instagram, TikTok, X, YouTube, WhatsApp, LinkedIn
California Post Sports Facebook, Instagram, TikTok, YouTube, X
California Post Opinion
California Post Newsletters: Sign up here!
California Post App: Download here!
Home delivery: Sign up here!
Page Six Hollywood: Sign up here!


The changes were designed to optimize the company’s supply chain footprint and modernize their use of technology to create “a more responsive, resilient, responsible, and efficient company,” according to Nike.

The iconic brand has been in a sales slump, with both footwear and equipment showing negative growth, revenue from Nike stores down 7%, and Converse revenue down 32%. Nike Direct revenue fell 9%, while Nike Digital was fell by 12%.

Niki President and CEO Elliot Hill acknowledged the company’s struggles in their June 2026 fourth-quarter earnings call.

“We know we’re not living up to our full potential,” said Hill.

Business California clothing Lifestyle Nike nike sales retail retailers San Jose sneakers store closings
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related News

Virginia supermarket says $25K monthly utility bills are forcing it to close

October 6, 2026

Deadline extended for student loan borrowers looking to reduce interest rates

October 6, 2026

’60 Minutes’ draws season-best 10.2 million viewers

October 6, 2026

David Ellison reassures skittish Anderson Cooper over CNN’s independence in town hall

October 6, 2026

Passengers face travel nightmare as United Airlines cancels flight after brutal 12-hour delay

October 6, 2026

Trump’s red-dye diesel tax waiver could have limited impact on prices – here’s why

October 6, 2026
Add A Comment
Leave A Reply Cancel Reply

Don't Miss

Deadline extended for student loan borrowers looking to reduce interest rates

Business October 6, 2026

Student loan borrowers now have until the end of 2026 to enroll in auto pay…

’60 Minutes’ draws season-best 10.2 million viewers

October 6, 2026

David Ellison reassures skittish Anderson Cooper over CNN’s independence in town hall

October 6, 2026

Passengers face travel nightmare as United Airlines cancels flight after brutal 12-hour delay

October 6, 2026
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Our Picks

Two Security Stacks, One Application Layer: The Split Is False

October 6, 2026

Trump’s red-dye diesel tax waiver could have limited impact on prices – here’s why

October 6, 2026

Why Open-Source AI Models Require Global Participation

October 6, 2026

New York Post CEO and publisher Sean Giancola steps down after more than a decade at paper

October 6, 2026
The Financial News 247
Facebook X (Twitter) Instagram Pinterest
  • Privacy Policy
  • Terms of use
  • Advertise
  • Contact us
© 2026 The Financial 247. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.