Nike
Nike closes several stores temporarily
The giant sportswear brand decided to close stores in several countries, including in the United States, Canada, Western Europe, Australia and New Zealand to limit the spread of the coronavirus
Puma says short-term normalization will not occur
The Germany-based sportswear no longer expects a short-term normalization of the Covid-19 situation despite first encouraging signs coming out of China
Nike donates 5 million US dollars to Obama Presidential Centre
The Nike Foundation is donating 5 million US dollars to create a public athletic facility in the new Obama’s Presidential Centre
Nike extends deal with Chinese Athletics Association
The giant sportswear brand and the Chinese Athletics Association (CAA) signed a long-term partnership extension through 2033
Nike: Thasunda Brown Duckett joins Board of Directors
The announcement was made last month by the athleticwear giant
Nike is selling Hurley to Bluestar Alliance
The Oregon-based sportswear giant has reached a definitive agreement to sell the Hurley brand to Bluestar Alliance LLC. Transaction is expected to be complete in December
24 new companies join the Fashion Pact
Signatory companies of the Fashion Pact have met in Paris for a first working meeting and 24 more companies joined the group
Skechers wins in Converse lawsuit
The judge of the case found no violation of the Chuck Taylor trademark by any of the Skechers styles in case and Skechers issued a release on the matter
Mark Parker to step down as Nike's CEO
The sportswear giant announced Board Member John Donahoe will succeed Mark Parker as President & CEO in 2020. Parker will become Executive Chairman of Nike
Nike is sizing down production in Argentina
According to reports by Argentina-based newspaper Pagina 12 the US-based sportswear giant is reducing its local production. Replacing the local capacity by imports might be on the pipeline
Umbro extends South America license
The owner of the brand, Iconix Brands Group, has announced a ten-year extension of Umbro’s licensing agreement with long-time partner Grupo Dass
Jesus Shoes sold out in a minute
With holy water from the Jordan River on the sole, the Jesus Shoes sold out in a minute. The base model, the Nike Air Max 97 has a selling price around 160 US dollars
Nike with new initiatives to tackle climate change
The sportswear giant has announced new initiatives of the Move to Zero program. Nike claims this translates their aggressive effort to combat climate change
Nike with another strong quarter
Revenue increased to 10.7 billion US dollars in the first quarter, up by 7% on a reported basis and up by 10% on a currency-neutral basis, driven by growth across all geographies-
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