All Converse articles
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News briefsNike, Converse launch final Stranger Things collab
Nike and Converse are returning to Hawkins, Indiana for a limited-edition Stranger Things collection ahead of the show’s final season, leveraging nostalgia for commercial success.
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ArticleNike sees some progress in Q1 as recovery commences
CEO Hill warns that the recovery will be uneven.
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News briefsConverse has a new VP of global footwear and design
Chavon Webster has more than 10 years of experience in the sports industry.
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ArticleA look at US retail and retailers
A survey ranks the ten best retailers and best apparel retailers in the US.
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News briefsConverse to get new President and CEO
Converse’s President and CEO, Jared Carver, will soon be stepping down, according to an internal memorandum at parent company Nike that both Reuters and Bloomberg have seen. Succeeding him will be Aaron Cain, who has been with Nike for more than 20 years and is serving at the moment as ...
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ArticleAs ‘Win Now’ strategy gains traction, Nike’s Q4 FY25 likely hits a low
At FY end, Nike’s inventories were essentially flat at $7,489 million versus $7,519 million a year earlier. Despite the dreadful numbers, Nike shares increased 9.6 percent in after-hours trading.
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ArticleSignature shoes are different these days, but they still matter
Signature shoes have evolved, but they still matter. As the Air Jordan celebrates 40 years, we explore how the market is changing with new players and storytelling.
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ArticleTopsports International’s FY operating profit sinks by 43%
Topsports’ annual operating profit slipped by 43 percent to 1,529.7-million-yuan renminbi (€194.8m).
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ArticleNike keeps changing management, Amy Montagne new President
Four people are involved as Nike continues to make strategic changes to its Senior Leadership Team, and one loyal servant is set to retire.
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ArticleTopsports’ H1 revenues, profit tumble
Greater China’s top Nike and Adidas retailer saw sales, profit and gross margin fall in the six months to August 31.
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News briefsLIV Golf appoints Ilana Finley as Chief Communications Officer
Finley is a former Nike senior executive with more than 20 years of experience in the sports industry.
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ArticleWell-known brand-name products surface on Shein
Major brands face scrutiny as their products appear on Shein, sparking environmental and ethical concerns.
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News briefsNike implements job cuts at European headquarters
Nike is, according to Bloomberg, implementing layoffs across its European headquarters as part of a global strategy to reduce operational costs by $2 billion. The job cuts, impacting roughly 2 percent of its workforce worldwide, have already seen around 750 employees dismissed from its Beaverton, Oregon headquarters. The reduction extends ...
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News briefsRetail, Other Brands lead Topsports International in FY
The Chinese group achieved year-over-year sales lifts from both its retail business and Other Brands segment (Puma, Converse, Asics, and Hoka among others) to help it realize overall FY revenue growth of 6.9 percent to 28,933.2 yuan renminbi (€3.74b) for the 12 months ended Feb. 29. Annual operating profit grew ...
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News briefsConverse to cut jobs as part of Nike's $2 billion cost-saving strategy
Converse, a subsidiary of Nike, is set to cut jobs as part of Nike’s broader $2 billion cost-saving initiative, a knowledgeable source disclosed on Tuesday. Announced in December, Nike’s three-year plan aims to economize through strategies like product supply tightening and management streamlining. The footwear leader has faced challenges with ...
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News briefsConverse Basketball to get a star creative director
Shai Gilgeous-Alexander, a guard for the Oklahoma City Thunder in the NBA, will become the Creative Director of Converse Basketball this September, according to a statement from the brand quoted in Forbes. He will also get a signature shoe of his own in 2025. Gilgeous-Alexander signed an endorsement deal with ...
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ArticleNike posts digital decline for first time in nine years
The brand now want to focus on new iterations of its Air technology, investments with its wholesale partners, and better storytelling.
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ArticleNike eyes innovation, cost cuts to drive future results
Citing increased macroeconomic headwinds around the globe, particularly in the EMEA and Greater China, Nike is stepping up its strategic approach to innovation and numerous cost-cutting measures to improve its financial results in the coming quarters. That effort will include greater emphasis on product newness and opportunities to slash ...
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Infographics & DataYear-on-year DTC sales growth 2022
How do the 2022 DTC sales at some of the biggest sporting goods companies compare with 2020 and 2021? We have the numbers for Nike, Adidas and more.
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News briefsConverse’s FY23 Ebit inched up 1%
Parent Nike provides more details about Converse’s annual results for the 12 months ended May 31 in its annual report filed last week. FY revenues for the All-Star brand rose by 3 percent to nearly $2.43 billion. Annual Ebit at Converse was $676 million versus $669 million in FY22. Currency-neutral ...
