World Footwear

Nike

COVID-19 outbreak in Vietnam threats footwear exports

Aug 3, 2021 / Vietnam
Strict lockdown measures to suppress Vietnam’s outbreak of COVID-19 threatens to lead to a decline in footwear exports in the second half of 2021. Companies such as Nike are already facing supply chain disruptions

Pou Chen suspends production at Vietnam plant

Jul 15, 2021 / Vietnam
One of Nike and Adidas most well-known suppliers of footwear, suspended operations at its plant in Ho Chi Minh City on Wednesday as a strong wave of COVID-19 hits the city

Nike with strong set of results

Jun 28, 2021 / United States
Nike reported fourth quarter revenue totalling 12.3 billion US dollars, up by 96% compared to prior year and increasing by 21% compared to the fourth quarter of 2019. Full year reported revenue increasing by 19% to 44.5 billion US dollars

Nike is the most resold fashion brand in the world

Jun 25, 2021 / United States
According to a new study conducted by Energy switching site SaveOnEnergy, Nike leads the rank of world’s most resold fashion brands. The site surveyed millions of listings across online resale platforms like eBay, Depop, ASOS Marketplace, Etsy and Vestiaire Collective

Nike to stop selling to six wholesale players

Apr 2, 2021 / United States
In a note, Williams Trading’s Analyst, Sam Poser, stated that proprietary checks confirm that Nike will close six wholesale accounts: DSW, Urban Outfitters, Shoe Show, Dunham’s Sports, Olympia Sports, and Big Five

Revenue up by 3% for Nike

Mar 22, 2021 / United States
The US-based sportswear giant reported fiscal 2021 financial results for its third quarter ended on the 28th of February 2021. Revenue increased by 3% to 10.4 billion US dollars compared to the prior year

Nike's revenue up by 9%

Feb 11, 2021 / United States
The Oregon-based sportswear giant has announced financial results for its second quarter ended on the 30th of November 2020. Revenue of the group in the period went up by 9%

Nike GO FlyEase: the hands-free shoe

Feb 8, 2021 / United States
The US-based sportswear giant caused a stir on social media last week with a video presentation of the new Nike GO FlyEase. The latest model presented by Nike is a hands-free shoe

Nike sues nearly 600 websites for selling counterfeit sneakers

Jan 20, 2021 / United States
The US-based sportswear giant has filed a lawsuit against 589 websites allegedly selling counterfeit versions of its Nike and Converse shoes online

China’s Singles Day: Nike reaches record sales in just 60 seconds

Nov 12, 2020 / China
Within one minute of Alibaba’s Tmall opening for the first phase of China’s Singles’ Day shopping festival Nike’s turnover surpassed the 100 million renminbi (roughly 12.8 million euros or 15.1 million USD) mark

Nike leads list of world’s most marketed brands

Oct 9, 2020 / World
According to the ranking World’s 50 Most Marketed Brands powered by Hookit, Nike derived 461.9 million US dollars in total sponsorship value from nearly 12 000 promoters and 5.56 billion social media engagements in the 12 months through August 2020

Nike's first quarter digital sales up by 82%

Oct 1, 2020 / United States
Nike’s revenue in the first quarter decreased by 1% totalling 10.6 billion US dollars and was flat to prior year on a currency-neutral basis. The sportswear giant reported first quarter digital sales growing by 82%

Nike, Zara and adidas are the most valuable fashion brands

Jul 17, 2020 / World
The BrandZ top 100 ranking of the world’s most valuable brands, released by WPP and Kantar, listed the Germany-based brand as number one brand in the apparel category. Nike is followed by European-based brands Zara and adidas

Nike's revenue falls by 38% in the last quarter

Jun 29, 2020 / United States
Revenue for Nike decreased by 38% to 6.3 billion US dollars, down by 36% on a currency-neutral basis, primarily due to owned and partner physical store closures across North America, EMEA and APLA due to COVID-19

Don't do it campaign by Nike

Jun 3, 2020 / United States
The sportswear giant took a stand against racism with the Don't do it campaign, a twist in its famous catchy phrase, Just do it, as protests against police brutality spread across the US
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