World Footwear

Nike

Nike rehires former executive to strengthen the wholesale business

Jul 11, 2024 / United States
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

Jul 3, 2024 / United States
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

Jul 1, 2024 / United States
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

Jun 7, 2024 / United States
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

May 1, 2024 / United States
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

Premium ContentApr 22, 2024 / World
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

Mar 28, 2024 / United States
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

Jan 16, 2024 / United States
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

Dec 22, 2023 / United States
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

Oct 2, 2023 / United States
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

Jul 5, 2023 / United States
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

Jul 3, 2023 / United States
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

Jun 22, 2023 / United States
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

Jun 5, 2023 / United States
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

Nike reorganizes senior leadership team

May 31, 2023 / United States
The sportswear giant is promoting Heidi O'Neill to the role of President, Consumer, Product and Brand, and Craig Williams to President, Geographies and Marketplace
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