Nike
Nike creates an immersive experience for the Olympic Games at Centre Pompidou
The US-based sportswear giant has teamed up with the Centre Pompidou, one of the historic landmarks of Paris, to celebrate the unending story of Nike Air innovation during the Olympic Games
Nike rehires former executive to strengthen the wholesale business
Veteran executive Tom Peddie will return to Nike as vice president of marketplace partners. The appointment comes at a time of slowing sales and strained relationships with retail partners
Nike loses trademark case against Puma
The US-based sportswear company has suffered a setback in its bid to trademark the capitalised version of the word “footware” for tech-related products after a European Union court backed a complaint by Puma
Nike announces fourth quarter and full year results
The US-based sportswear giant has announced modest results for the fourth quarter and the full year, as it seeks to position itself for profitable growth in the long term
Nike job cuts reach Europe
The US-based sportswear giant has cut jobs at its European headquarters in the city of Hilversum, just outside Amsterdam, as part of a multi-year cost-cutting plan, said Bloomberg
Nike to cut 740 jobs at Oregon headquarters
The US-based sportswear giant is planning to cut over 700 employees at its world headquarters in Oregon by June. This is the second phase of the layouts announced in February
Inflation threw a curveball at sportswear spending in 2023
The sportswear segment has proven not to be immune to the effects of inflation, with most of global players seeing their sales slow in 2023. Caution seems to prevail in 2024, but there are signs that consumer spending could pick up later in the year
A slight increase in revenue for Nike
The US-based company has reported a slight increase in revenue on both a reported and currency basis in the third quarter of fiscal 2024, as compared to the same period of the prior fiscal year
Charles Denson appointed to the board of directors of Columbia Sportswear
The US-based company announced the appointment of Charles Denson, a former Nike Executive, to its Board of Directors. He will serve as a director and member of the Audit Committee
Nike cautions against soft demand for the second half of fiscal 2024
The US-based sportswear giant posted a solid performance in the second quarter of fiscal 2024, with profits up by 21% year-over-year, but warned of soft demand for the rest of the year
Nike announces first quarter results
The US-based sportswear giant reported an increase of 2% on both a reported and currency-neutral basis in the first quarter of fiscal 2024, as compared to the same period of last fiscal year
Nike mocked for the look of recyclable sneakers
The US-based company has been the subject of internet backlash from footwear fanatics over the worn-out aesthetics of its 'ISPA Minbody' sneakers, designed to be easily disassembled
Nike posts a decline in profits
Despite seeing its revenue grow during the fourth quarter of fiscal 2023, the US-based company posted a 28% decline in net income from the same period of fiscal 2022
Nike launches Well Collective
The US-based sportswear giant launched the Well Collective commitment to “support wellness journeys for everyone”. This initiative is built on the brand's five pillars of holistic fitness
Nike appoints new CEO for Converse
Following last week’s announcement of leadership changes, the US-based sportswear giant has now appointed Jared Carver to the role of CEO of Converse, effective as of the 1st of June-
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