World Footwear

Nike

Nike reports sales increase

Mar 27, 2023 / United States
As it continues to clear out its excess inventory, the US-based sportswear giant reported that its revenue increased by 14% in the third quarter of fiscal 2023, year-over-year

Nike and Tiffany team up on sneaker collab

Mar 10, 2023 / United States
The sportswear giant and the jewellery specialist have released Nike's Air Force 1 1837 style, a nod to the year Tiffany was founded. The collab includes a limited-edition sterling silver accessories collection

Nike sues lululemon over patent infringements

Feb 2, 2023 / United States
The US-based sportswear company has filed a complaint against the Vancouver-based apparel company for patent infringement related to at least four of the company's latest shoe releases

Nike posts revenue growth

Dec 22, 2022 / United States
In the second quarter of fiscal 2023, the sportswear giant posted a revenue increase of 17%, year-over-year, driven by discounts and increased promotions to reduce the inventory excess

Nike launches Web3 platform .Swoosh

Nov 18, 2022 / United States
The US-based sportswear giant has launched a new web3-enabled platform called .Swoosh. The company intends to make it home to the brand's virtual designs and digital community

Zalando and Nike strengthen long-term partnership

Oct 6, 2022 / Germany
The German-based online retailer announced a new step in its strategic partnership with Nike with the introduction of a new membership programme in ten European countries

Nike announces first quarter results

Oct 4, 2022 / United States
The US-based company reported revenue growth in the first quarter of fiscal 2023, but a decline in earnings mainly due to overstocked inventory. Performance in China impacted by COVID-19-related disruptions

Consumer demand across mobile apps fosters Nike's growth

Jul 19, 2022 / United States
The US-based sportswear giant attributed the 18% annual revenue growth in its digital business to consumer demand across its mobile apps

Nike announces fourth quarter and full year results

Jun 30, 2022 / United States
The US-based company posted full year revenue growth despite the impact of COVID-19-related disruptions in China and higher freight and logistics costs in the fourth quarter performance

Nike to fully exit Russia

Jun 28, 2022 / United States
Following Russia's invasion of Ukraine, the US-based sportswear giant halted operations in the country. But now has decided to leave the Russian marketplace for good

Nike and Rtfkt studio release first digital sneakers

May 3, 2022 / United States
The collection of eight co-branded digital sneakers, dubbed Nike Cryptokicks, is modelled after the Nike Dunk sneaker and signs the brand’s entrance into digital clothing

Nike posts third quarter results

Mar 29, 2022 / United States
The US-based company reported revenue growth in the third quarter of the current fiscal year, driven by a good performance of Nike’s direct business

Fashion brands halt sales in Russia

Mar 7, 2022 / World
Pressure has been mounting on the Fashion industry to cut off commercial trading with Russia in the aftermath of Russia’s invasion of Ukraine on the 24th of February

Nike accelerates its DTC strategy

Mar 3, 2022 / United States
Foot Locker is expecting its amount of Nike products to decline thanks to its accelerated strategic shift to DTC, but also due to the retailer’s own diversification efforts

Pou Sheng strengths partnership with Nike in China

Jan 18, 2022 / China
Yue Yuen’s retail subsidiary Pou Sheng International has boosted its cooperation with Nike to offer a more convenient and personalized omnichannel retail experience
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