Latest Developments Nike

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    Article

    DFB’s Strategic Shift: Adidas to Nike, Redefining Football Apparel’s Future

    2024-03-27T14:49:00Z

    Explore the impact of the DFB’s strategic move to change the supplier and the reactions it sparked.

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    Article

    Nike addresses backlash over England kit for Euro 2024

    2024-03-25T13:56:00Z

    Nike has responded to the widespread criticism surrounding its controversial England kit design for the upcoming Euro 2024 tournament. The kit modification notably alters England’s traditional St. George’s flag, replacing the customary red and white hues with a combination of red, purple, black, and a purple cross. British Prime Minister ...

  • Nike-mobile
    Article

    Nike posts digital decline for first time in nine years

    2024-03-22T09:17:00Z

    The brand now want to focus on new iterations of its Air technology, investments with its wholesale partners, and better storytelling.

  • JD Sports Fashion
    Article

    JD set to open larger store at Broughton Shopping Park

    2024-03-21T12:31:00Z

    JD is set to enhance its presence in Chester with the unveiling of a bigger and upgraded store at the Broughton Shopping Park this weekend. The new location promises an expanded selection of products from brands like Nike, Adidas, The North Face, and Under Armour. James Air, Director and Head ...

  • Yue Yuen
    Article

    Yue Yuen’s profit, sales slip in soft FY23

    2024-03-14T06:45:00Z

    Yue Yuen, the globe’s largest manufacturer of footwear, suffered a down year in 2023 due to inventory de-stocking by retailers worldwide and conservative ordering by its portfolio of brand clients that include Nike, Adidas, Asics and New Balance, among others. Yue Yuen’s annual Ebit declined by 5.6 percent to $390.2 ...

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    Article

    Foot Locker delivers tepid outlook, delays Ebit margin objective

    2024-03-07T07:32:00Z

    Foot Locker shares suffered a major setback after the group reported a whopping Q4 net loss of $389 million, outlined weak FY24 guidance, and delayed its Ebit margin range goal of 8.5-9.0 percent by two years until 2026. The news sent FL shares tumbling more than 29 percent, or $10.07, ...

  • Nike-mobile
    Article

    Nike announces 2% workforce reduction

    2024-02-16T15:27:00Z

    Nike has officially confirmed a 2 percent reduction in its workforce, following months of speculation. This decision aligns with the company’s goal to streamline operations and save up to $2 billion in costs over the next three years, as announced in December. CEO John Donahoe sent an internal memo to ...

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    Article

    Russia faces 50% increase in prices for European sporting goods

    2024-01-16T09:44:00Z

    In the foreseeable future, the price of European sporting goods can jump by 50 percent, owing to expensive logistics and other difficulties associated with returning foreign brands to the shelves, Marina Malakhatko, head of the retail department of Core.XP, a Moscow-based real estate firm, told local state news outlet Tass. ...

  • Nike-mobile
    Article

    Campion to leave Nike after 17 years, joins UCLA

    2024-01-13T09:40:00Z

    Nike’s current Managing Director of Strategic Business Ventures, Andrew Campion, is planning to leave the company on April 5, according to a recent filing with the US Securities and Exchange Commission (SEC). Campion, who has worked at Nike for 17 years, stepped into this very role in May last year. ...

  • Nike-mobile
    Article

    Nike eyes innovation, cost cuts to drive future results

    2023-12-22T06:28:00Z

    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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    Article

    Foot Locker takes measures to reach two types of holiday shoppers

    2023-11-30T06:27:00Z

    Saddled with a 10.5 percent year-over-year increase in inventory but also gaining some traction with customers seeking innovation and latest trend products, Foot Locker has taken strategic steps to reach both deal-seeking customers and others who want premium, on-trend items from key brands such as Nike, Puma, New Balance and ...

  • StockX picture
    Article

    Latest StockX report gives an insight into what sneakerheads want

    2023-11-16T16:03:00Z

    Sneaker resale platform StockX has unveiled its latest annual Big Facts: 2023 Trends report, giving an insight into what’s popular in the sneaker market this year. Retro Adidas styles and character-inspired Crocs are among the best-performing trends.

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    Article

    Nike Inc. makes executive changes to help "reimagine sport for the next generation of athletes"

    2023-11-15T06:59:00Z

    Nike Inc. announced on Nov. 14 leadership changes that “will continue to build on its strong momentum and deep commitment to serving athletes with product innovation, design excellence, and powerful storytelling while imagining the future of sport and serving consumers at speed and scale.” Reorganization of innovation and design teams ...

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    Article

    Lower costs, inventory benefit Grupo SBF in Q3

    2023-11-14T13:34:00Z

    Grupo SBF, which operates Brazil’s top sporting goods chain in Centauro, received a lift from lower expenses, growth within its digital channel, and lower inventory levels in Q3 ended Sep. 30. The group reported a 216 percent increase in year-over-year operating income to 168.6 million Brazilian reais (€32.1m) as net ...

  • Yue Yuen
    Article

    Below-average order fill rates continue to impact Yue Yuen

    2023-11-14T08:00:00Z

    Profit attributable to Yue Yuen shareholders fell by 49 percent to $137.7 million from $270.1 million for the nine months ended Sept. 30, as sales declined by 14.1 percent to $5.99 billion from $6.97 billion. Manufacturing revenues declined by 20.9 percent year-over-year to $3.79 billion. Ebit sunk by 38 percent ...

  • Apex 2023-Hero Image
    Article

    2023 Polartec Apex Award winners announced

    2023-11-07T15:28:00Z

    Polartec has announced the winners of the Polartec Apex Awards 2023. The annual design award recognizes brands and designers that embody Polartec’s Made To Go Beyond ethos. The winning garments – selected from hundreds of entries that improve the lives of those who wear them – embody ...

  • Dove Nike
    Article

    Nike and Dove launch the “Body Confident Sport” online coaching program

    2023-10-26T07:15:00Z

    Source: Nike x Dove Nike has teamed up with beauty brand Dove to launch “Body Confident Sport,” a set of tools for coaching 11- to 17-year-old girls to help them build their body confidence through sports. Body Confident Sport was co-developed by Nike and Dove over ...

  • The Futurecraft.Loop from Adidas designed with circularity in mind
    Article

    Garment-to-garment recycling: How far along is the sports and outdoor industry?

    2023-10-16T08:40:00Z

    We look at what textile recycling is not and share some brands that are moving the outdoor and sporting goods industries in the right direction.

  • Nike-mobile
    Article

    Nike says it’s “turning the corner” toward greater profitability

    2023-09-29T08:48:00Z

    Market chatter about Nike’s 9 percent stock price decline over the last month, recent high inventory levels, and 23 percent drop in market value this year had the bears out in force ahead of the company’s Q1 results yesterday. But Nike reported earnings results ahead of expectations and its senior ...

  • JD Sports Fashion
    Article

    JD Sports on track for FY profit rise as premium sneaker demand holds up

    2023-09-21T15:28:00Z

    JD Sports Fashion said it was on track for a 5 percent rise in annual profit as demand for premium leisurewear such as Nike Air Force One and Adidas Samba sneakers pushed half-year sales higher despite the cost of living crisis. The retailer said revenue grew 7 percent to £4.7 ...