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RetailNike’s turnaround is stalling, and its Converse brand is a big reason why

Sales at the 118-year-old sneaker brand fell 28% last quarter, and analysts are wondering whether CEO Elliott Hill will keep it.

By Phil WahbaOctober 20, 2026
Photo: Converse shoes
Newsletters
‘We’ve never seen a 44% decline in demand for a brand’: Converse is in free fall and some suspect Nike may sell it
By Jim EdwardsOctober 20, 2026
Stocks sell off globally as France imposes riot curfews and Saudi Arabia cancels ‘Davos in the Desert’
Investing
Stocks sell off globally as France imposes riot curfews and Saudi Arabia cancels ‘Davos in the Desert’
By Jim EdwardsOctober 20, 2026
Billionaires are giving your kid stock. Should you say thank you?
Newsletters
Billionaires are giving your kid stock. Should you say thank you?
By Diane BradyOctober 20, 2026
Latest
Millennials are ‘kidulting’ through their parenthood stage, spending their free time on blind boxes and claw machines10 minutes ago
Theranos whistleblower barely recognizes Elizabeth Holmes in new documentary: ‘The Elizabeth that I knew completely commanded a room’15 minutes ago
Mural, a startup founded by former Palantir engineers, raises $15 million bid to connect banks to the emerging bot economy41 minutes ago
ServiceNow CFO: Overwork doesn’t make you a better leader47 minutes ago
Zuckerberg spent years building on Apple’s terms. His $100 billion-plus AI bet is about owning everything
AI
Zuckerberg spent years building on Apple’s terms. His $100 billion-plus AI bet is about owning everything
By Molly A. WallaceOctober 20, 2026
Larry Page could dodge nearly $15 billion in taxes after leaving California and spending $173 million on a Miami compound
Personal Finance
Larry Page could dodge nearly $15 billion in taxes after leaving California and spending $173 million on a Miami compound
By Sydney LakeOctober 20, 2026
An Ohio court’s ruling against $776 million in vouchers reignites the fight over who should pay for private school
Law
An Ohio court’s ruling against $776 million in vouchers reignites the fight over who should pay for private school
By Bilin LinOctober 20, 2026
Strangers are paying up to $150 for empty seats at weddings all because one couple ran out of date-night ideas—20,000 people have signed up
Startups & Venture
Strangers are paying up to $150 for empty seats at weddings all because one couple ran out of date-night ideas—20,000 people have signed up
By Catherina GioinoOctober 20, 2026
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Commentary
Former Trump, Biden officials: America’s security depends on startups. Weak patent policy is undermining them
By Andrei Iancu and Chris InglisOctober 20, 2026
The OpenAI bugging case had its (first) day in court
Newsletters
The OpenAI bugging case had its (first) day in court
By Alexei OreskovicOctober 20, 2026
Charlie Smith attends Nothing Technology’s New York City launch event at Hero on September 28, 2026 in New York City.
Retail
Nothing’s brand chief is fed up of ‘boring and generic’ smartphone ads—he shares his marketing strategy for taking on Samsung and Apple 
By Sam BirchallOctober 20, 2026
Adhum Carter Wolde-Lule is Chief Strategy Officer at Prism Power Group
Commentary
Don’t vilify data centers for the wrong reasons — just demand better ones
By Adhum Carter Wolde-LuleOctober 20, 2026
Newsletters
Term SheetBy Allie Garfinkle
alt
‘I love taking VC dollars and turning it into jobs’: inside SendCutSend’s $2.1 billion bet on American metal
MarketsBy Jim Edwards
alt
‘We’ve never seen a 44% decline in demand for a brand’: Converse is in free fall and some suspect Nike may sell it
CEO DailyBy Diane Brady
alt
Billionaires are giving your kid stock. Should you say thank you?
Fortune TechBy Alexei Oreskovic
alt
The OpenAI bugging case had its (first) day in court
MPW DailyBy Emma Hinchliffe
alt
Women are being promoted at top VC firms without real authority. Now All Raise is searching for a new definition of power
Next to LeadBy Ruth Umoh
Tinder’s new CEO asked employees a simple question about success. Their answers exposed a bigger problem
Fortune Daily Episodes
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Steven Bartlett Built an Audience of Millions. What Does He Owe Them? | Fortune DailyOctober 18, 2026
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Why OnlyFans Won’t Let AI Take Over | Fortune DailyOctober 14, 2026
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How to Build 1,000 Next-Gen Leaders | Fortune DailyOctober 13, 2026
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How Taskrabbit is Changing Work | Fortune DailyOctober 12, 2026
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The New Blueprint for Power: MPW Kicks Off | Fortune DailyOctober 11, 2026
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The Big Mac Dilemma: Can McDonald's Fix Sales? | Fortune DailyOctober 7, 2026
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The Rise of AI Agents: Meta vs. OpenAI | Fortune DailyOctober 6, 2026
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The Future of Financial Advice ft. Penny Pennington | Fortune DailyOctober 5, 2026
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What Bankrupted Red Lobster | Fortune DailyOctober 4, 2026
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The Return of Uber’s Ousted Founder | Fortune DailySeptember 30, 2026
AI
DeepSeek fires back at U.S.federal agency ban as ‘overstretching of the concept of national security’
AI
DeepSeek fires back at U.S.federal agency ban as ‘overstretching of the concept of national security’
By The Associated Press and Chan Ho-HimOctober 20, 2026
Gray Swan cofounder and CEO Matt Fredrikson
AI
Exclusive: AI security company Gray Swan relaunches its red-teaming Arena contest for the era of AI agents
By Jeremy KahnOctober 20, 2026
Daytona cofounder and CEO Ivan Burazin
AI
Exclusive: Daytona, a startup building the ‘agentic cloud,’ valued at $1 billion in latest funding round
By Jeremy KahnOctober 20, 2026
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Arts & Entertainment
Two decades ago, he asked what’s the matter with Kansas? Now he’s back to look at the 70-year con of ‘creativity’ and ‘innovation’
By Nick LichtenbergOctober 20, 2026
Great Place to Work Rankings
Best Workplaces in Transportation
Best Workplaces in Transportation
By FortuneOctober 20, 2026
Best Large Workplaces in Retail
Best Large Workplaces in Retail
By FortuneOctober 20, 2026
Best Large Workplaces in Health Care
Best Large Workplaces in Health Care
By FortuneOctober 13, 2026
Best Large Workplaces in Technology
Best Large Workplaces in Technology
By FortuneOctober 13, 2026
Fortune 500: Titans and Disruptors of Industry
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Workday CEO Predicts AI Job Displacement And Which Roles May Be SafeOctober 13, 2026
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Sam Altman: Safety Standards 'Not at a Place' to Push AI Capabilities Much FurtherSeptember 11, 2026
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Why GM's CEO Mary Barra is Still Bullish on Electric VehiclesSeptember 9, 2026
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Bill Ackman's takes on Mamdani, Trump and investing in the age of AIAugust 4, 2026
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FedEx CEO on How AI Can Fix a $1.8 Trillion Global Supply Chain ProblemJuly 14, 2026
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$4 Trillion Savings Gap: TIAA’s CEO on The Retirement Crisis June 16, 2026
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Qualcomm's AI takeover | Titans and DisruptorsMay 5, 2026
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Delta: Bankrupt to Billions | Titans and DisruptorsMarch 31, 2026
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The End of Work: Vinod Khosla's Bold AI Prediction | Titans and DisruptorsMarch 3, 2026
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Google’s AI boss made OpenAI issue code red. Now he wants to solve disease. | Titans and DisruptorsFebruary 10, 2026
Success
Strangers are paying up to $150 for empty seats at weddings all because one couple ran out of date-night ideas—20,000 people have signed up
Startups & Venture
Strangers are paying up to $150 for empty seats at weddings all because one couple ran out of date-night ideas—20,000 people have signed up
By Catherina GioinoOctober 20, 2026
Elon Musk
Success
Billionaire Elon Musk says he’ll give every kid in America shares of SpaceX next year—it’ll add up to over $10 billion in stock
By Emma BurleighOctober 19, 2026
Two young people hold moving boxes in an apartment
Success
Gen Z is chasing the American Dream in South Carolina, Missouri, and Tennessee—as California loses thousands of young adults and billionaires
By Preston ForeOctober 19, 2026
‘Circle back,’ ‘synergy,’ ‘boil the ocean’: The corporate phrases Gen Z doesn’t get, and what they say instead
Workplace Culture
‘Circle back,’ ‘synergy,’ ‘boil the ocean’: The corporate phrases Gen Z doesn’t get, and what they say instead
By Sasha TuddenhamOctober 19, 2026
Term Sheet Podcast
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How Anduril Reached a $61 Billion Valuation Building AI WeaponsOctober 11, 2026
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This Billion-Dollar Soda Brand Founder Explains Why Fortune 500s Can’t Win Gen ZSeptember 23, 2026
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Inside Wonder's Plan to Automate Restaurants: From Robotic Kitchens to Drone Delivery | Term SheetAugust 25, 2026
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This Mentalist Says He’s Training ChatGPT to Hypnotize People | Term SheetAugust 13, 2026
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The $11.5B Startup 100 Investors Turned Down | Term SheetJuly 28, 2026
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How this multi-millionaire investor spots billion-dollar ideas | Term SheetJune 23, 2026
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The Investor Who Bet on SpaceX, OpenAI and Anthropic Before You Could | Term SheetJune 10, 2026
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The $2B AI tool automating Wall Street | Term SheetMay 27, 2026
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This creator investor on the truth about the AI gold rush | Term SheetMay 13, 2026
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From a Palo Alto closet to $1 billion revenue: how Gusto cracked small business software | Term SheetMay 7, 2026
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How to raise a CEO: The "Godmother of Silicon Valley" Esther Wojcicki | Term SheetApril 21, 2026
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The Startup Fighting to Save the American Farm with Modern Finance | Term SheetApril 7, 2026
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How Winston Weinberg built his $11 billion AI Company | Term SheetMarch 17, 2026
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Why revenue is an outdated metric | Term SheetFebruary 18, 2026
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Chemistry cofounder: “more talented founders than ever” are moving into health care | Term SheetFebruary 3, 2026
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Exelon CEO on if our utilities can handle the AI boom | Term SheetJanuary 21, 2026
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OpenAI Researcher turned VC on what we’re missing on the AI Bubble January 13, 2026
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“Healthcare isn't working for anybody,” says Cityblock Health’s Dr. Toyin Ajayi | Term SheetNovember 4, 2025
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Vet care for the 21st century with Modern Animal’s Steven EidelmanOctober 29, 2025
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“Success disasters,” data privacy, and unlocking growth with Oura CEO Tom HaleOctober 21, 2025
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"Bubbles have almost always preceded some important technological shift”: OpenAI's COOOctober 6, 2025
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The Sociology of Startup Success with VC Powerhouse Hans TungOctober 1, 2025
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The “Egoless” Company Culture that Powers Supabase with CEO Paul CopplestoneSeptember 24, 2025
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Inside Phia's $8 Million Seed RoundSeptember 16, 2025
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Klarna CEO Sebastian Siemiatowski on the IPO, Loving Walmart, and Embracing AISeptember 10, 2025
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The Brave New World of AI Cyber Crime with Evan Reiser from Abnormal AIAugust 27, 2025
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Vibe Coding, Tech Jobs, & Democratizing the Web with Vercel’s Guillermo Rauch | Fortune Term SheetAugust 20, 2025
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Nvidia + AMD’s Deal & Unfiltered Chat with OG VC, Canvas Prime’s Rebecca LynnAugust 13, 2025
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OpenAI Raises More Capital, Joby Aviation’s Air Taxi Play & The Power of Community in TechAugust 6, 2025
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Figma IPO: What Investors Need to Know, and Understanding Defense TechJuly 30, 2025
From the Magazine
MagazinePalo Alto Networks’ Nikesh Arora is building a defense against the dark side of AI

Cybersecurity’s AI reckoning has arrived, and Arora has become a go-to advisor to CEOs.

By Allie GarfinkleSeptember 30, 2026
In the high-stakes game of chicken between CEOs and states, who blinks first?
Magazine
In the high-stakes game of chicken between CEOs and states, who blinks first?
By Ruth UmohSeptember 30, 2026
Your 401(k) is funding the AI boom. Here’s what that means for your retirement
Magazine
Your 401(k) is funding the AI boom. Here’s what that means for your retirement
By Allie GarfinkleSeptember 28, 2026
The making of Tim Cook: How Apple’s departing CEO went from ‘the genius behind Steve Jobs’ to a star in his own right
Magazine
The making of Tim Cook: How Apple’s departing CEO went from ‘the genius behind Steve Jobs’ to a star in his own right
By Indrani SenSeptember 27, 2026
How social media remade the luxury watch market
Magazine
How social media remade the luxury watch market
By Adam EraceSeptember 26, 2026
Energy
Marco Rubio says ‘we’re about as close as you can be’ to an India trade deal after talks in Mumbai
Energy
Marco Rubio says ‘we’re about as close as you can be’ to an India trade deal after talks in Mumbai
By The Associated PressOctober 20, 2026
Current price of oil as of Oct. 20, 2026
Personal Finance
Current price of oil as of October 20, 2026
By Joseph HostetlerOctober 20, 2026
Current price of oil as of Oct. 19, 2026
Personal Finance
Current price of oil as of October 19, 2026
By Joseph HostetlerOctober 19, 2026
AirAsia’s Tony Fernandes warns costs will ‘go up dramatically’ over the next 12 months: ‘Can’t get a vaccination for Donald Trump’
Asia
AirAsia’s Tony Fernandes warns costs will ‘go up dramatically’ over the next 12 months: ‘Can’t get a vaccination for Donald Trump’
By Nicholas GordonOctober 19, 2026
Fortune Rankings
Change the World
Change the World
By FortuneSeptember 23, 2026
Fortune 500 Europe logo
Fortune 500 Europe
By FortuneSeptember 16, 2026
Fortune Global 500 Ranking
Fortune Global 500
By FortuneJuly 28, 2026
Fortune 500
Fortune 500
By FortuneJune 3, 2026
Leadership
ServiceNow CFO: Overwork doesn’t make you a better leader
MPW
ServiceNow CFO: Overwork doesn’t make you a better leader
By Sheryl EstradaOctober 20, 2026
For Best Workplaces like Target and ATC, growth starts with people
Future of Work
For Best Workplaces like Target and ATC, growth starts with people
By Ted Kitterman and Great Place To WorkOctober 20, 2026
Billionaires are giving your kid stock. Should you say thank you?
Newsletters
Billionaires are giving your kid stock. Should you say thank you?
By Diane BradyOctober 20, 2026
Strangers are paying up to $150 for empty seats at weddings all because one couple ran out of date-night ideas—20,000 people have signed up
Startups & Venture
Strangers are paying up to $150 for empty seats at weddings all because one couple ran out of date-night ideas—20,000 people have signed up
By Catherina GioinoOctober 20, 2026
Takeaways from the Fortune AIQ 75
Illustration featuring several employees at work, connected by a green arrow.
AIFrom Pfizer to UPS, the newest members of the AIQ 75 share the secrets to upping their AI game

How Pfizer, Lumen, Cisco, UPS, Palo Alto Networks, and Thermo Fisher are moving AI beyond pilots—using it to reshape drug discovery, networks, logistics, cybersecurity, and daily work.

By John KellSeptember 29, 2026
Illustration of three employees racing one another across the finish line
AI
How bottom-line-focused financial firms are finding ROI in AI
By John KellSeptember 29, 2026
How 111-year-old HVAC company Carrier leaped to the top 10 of the Fortune AIQ 75
AI
How 111-year-old HVAC company Carrier leaped to the top 10 of the Fortune AIQ 75
By Sage LazzaroSeptember 29, 2026
How Netflix is using AI to personalize streaming
Magazine
How Netflix is using AI to personalize streaming
By Sage LazzaroSeptember 29, 2026
Agentic AI early adopters have failed, pivoted, and learned these 3 lessons 
AI
Agentic AI early adopters have failed, pivoted, and learned these 3 lessons 
By Sage LazzaroSeptember 29, 2026
Features
Workday CEO Aneel Bhusri’s unfinished business
AI
Workday CEO Aneel Bhusri’s unfinished business
By Andrew NuscaOctober 13, 2026
Sam Altman on the burden of leading OpenAI amid AI safety concerns: ‘You get used to anything’
AI
Sam Altman on the burden of leading OpenAI amid AI safety concerns: ‘You get used to anything’
By Fortune EditorsSeptember 15, 2026
Thumbnail image for Fortune Titans and Disruptors of Industry podcast reads, "Losing Control of AI?" and depicts Fortune Editor-in-Chief Alyson Shontell and OpenAI CEO Sam Altman in conversation on a podcast.
AI
Exclusive: Sam Altman addresses AI doomsday fears in new interview
By Alyson ShontellSeptember 12, 2026
Exclusive: OpenAI’s Sam Altman hints at pact with other AI companies to address safety risks
AI
Exclusive: OpenAI’s Sam Altman hints at pact with other AI companies to address safety risks
By Alexei OreskovicSeptember 12, 2026
Real Estate
What is a home inspection and what does it cover?
Personal Finance
What is a home inspection and what does it cover?
By Glen Luke FlanaganOctober 20, 2026
Mortgage rates today, Oct. 20, 2026: Rates tick slightly up
Personal Finance
Mortgage rates today, Oct. 20, 2026: Rates tick slightly up
By Glen Luke FlanaganOctober 20, 2026
Current ARM mortgage rates report for Oct. 20, 2026
Personal Finance
Current ARM mortgage rates report for Oct. 20, 2026
By Glen Luke FlanaganOctober 20, 2026
Today’s home equity loan and HELOC rates, Oct. 20, 2026
Personal Finance
Today’s home equity loan and HELOC rates, Oct. 20, 2026
By Joseph HostetlerOctober 20, 2026
Commentary
M&ABy Shubha Ghosh
Kroger and Albertsons: the food fight every dealmaker should be watching
Patents and TrademarksBy Andrei Iancu and Chris Inglis
Former Trump, Biden officials: America’s security depends on startups. Weak patent policy is undermining them
Data centersBy Adhum Carter Wolde-Lule
Don’t vilify data centers for the wrong reasons — just demand better ones
Supreme CourtBy Steve H. Hanke and David M. Walker
alt
It is time for a state to take Congress to court
DebtBy Mehran Gul
The next AI race will be won at the credit desk
Gen ZBy Aneri Jambusaria
For Gen Z, everything looks like an investment. But it isn’t
Fortune Secondary Logo
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