News Briefs – Page 9
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News briefsRussia hopes to return Western brands
Russian marketplaces Ozon and Yandex Market have started importing goods without the permission of the brand’s owner, commonly known as a parallel import. The new mechanism approved by the Russian government in March of 2022, in the wake of Western sanctions and a mass exodus of foreign brands from the ...
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News briefsNike to exit Russia for good
According to multiple published reports, Nike, three months after suspending operations in Russia, has decided to exit the country altogether. Slated to report its fourth quarter and full fiscal year results on Monday, Nike’s planned withdrawal follows that of other U.S. firms, such as Coca-Cola, McDonald’s and Google, who have ...
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News briefs
Adidas sues Nike over technology infringements
After Nike last sued Adidas in December 2021 over its Flyknit knitted upper technology, claiming that a total of 49 Adidas shoe models infringed its technology, the German sporting goods company is now accusing the American company in federal court in Texas of “knowingly and intentionally” infringing nine patents related ...
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News briefsA new Nike concept store in Hong Kong with GMG
GMG has launched a new Nike concept store in Hong Kong. The 200-square-meter store is located at the Hang Tau district’s East Point City shopping mall. GMG is a global company retailing, distributing and manufacturing a portfolio of international and home-grown brands across sports, food and health sectors. The company ...
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News briefs
StockX defends itself against Nike
While online resale platform StockX continues to claim that Nike has a fundamental misunderstanding of NFT, as it originally argued, the company defended its anti-counterfeiting measures in response to Nike’s amended complaint. In a June 6 filing, StockX said the platform has one of the strongest authentication processes in the ...
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News briefsNike starts Re-Creation program in L.A.
Following Nike Grind (launched in 1992), Nike Refurbished and Nike Recycling & Donation, Nike’s latest program to promote a circular future is Nike Re-Creation, which collects old and unwanted items locally and uses them to create new, locally designed and manufactured products. Nike Re-Creation initiates a new circular business model ...
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News briefsNike’s diversity chief to leave the company
The Financial Times reports that Felicia Mayo, who has served as Nike’s chief talent, diversity and culture officer since July 2020, will leave the company at the end of July 2022. Mayo joined Nike from Tesla in 2019. She succeeded Kellie Leonard, the company’s first-ever diversity and inclusion director, in ...
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News briefsWSJ Report: Peloton pursuing minority investor
Some two months after announcing massive business changes and days before reporting its first-quarter results on May 10, Peloton Interactive is reportedly looking for a suitor to a minority stake of 15 percent in the fitness company that is now headed by former Netflix and Spotify executive Barry McCarthy. The ...
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News briefsNike names new accounting officer
Nike appointed Johanna Nielsen to replace Chis Abston as the company’s principal accounting officer, effective Oct. 7. Abston is set to retire a day earlier. Nielsen joined Nike as senior director of finance, strategy, and operations in 2017. She is set to become the company’s VP of controlling on May ...
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News briefsSports Direct opens new 5.500-sqm store in Birmingham
Covering four floors on one of Birmingham’s main shopping streets, the new Sports Direct flagship store uses roughly 5.500 square meters of retail space. The chain, part of the Frasers Group, has closed its older two-floor store in Birmingham on April 10, while a second Birmingham store is said to ...
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News briefsJordan appoints Shannon Watkins as CMO
Source: Jordan Brand at Nike Shannon Watkins, CMO Jordan Brand Shannon Watkins is Jordan Brand’s new chief marketing officer, succeeding Sean Tresvant, who has left to join Taco Bell as global chief brand officer. The former director of brand and marketing for U.S. insurance company Aflac Inc. ...
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News briefsNike hires VP of digital design
Nike has hired Dantley Davis, previously chief design officer at Twitter, as VP of digital design. Davis is a tech industry veteran, having served as director of product design at Facebook (2016-2019), design director at Netflix (2009-2016), and product designer at PayPal, SAP, Yahoo and other companies. Nike’s move can ...
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News briefsNike collaborates with Billie Eilish on eco-friendly AF1 and apparel capsule
Nike and Billie Eilish, the award-winning singer and songwriter, have re-imagined the Nike Air Force 1 (AF1) using the singer’s “environmentally preferred materials.” The entire shoe is made from 18 percent post-consumer recycled content. For the AF1, Eilish chose a synthetic nubuck material that uses 80 percent recycled materials. The ...
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News briefsNike introduces the Pegasus Turbo Next Nature and Mercurial Vapor Next Nature
Nike has presented two developments in performance footwear with sustainability in mind. The Pegasus Turbo Next Nature is made with at least 50 percent recycled material by weight. The running shoe uses 100 percent recycled Flyknit yarns in the upper. The Flyknit yarn is dyed in a process that reportedly ...
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News briefsAnti-mulesing campaign of Four Paws targets Nike and other brands
A new report on “The use of merino wool in sportswear,” conducted by global animal welfare organization Four Paws, reveals the results of a study commissioned by an independent laboratory in the U.K. to examine wool samples from various companies. The samples from the ten largest global sports brands inspected ...
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News briefs
Court finds Nike infringed a Lontex trademark
The U.S. District Court for the Eastern District of Pennsylvania has awarded Lontex about $4.62 million in attorneys’ fees and $369,263 in expenses in a lawsuit with Nike. In addition, the jury in the case awarded damages for Nike’s infringement of the Lontex “cool compression” trademark on athletic wear. The ...
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News briefs
Nike to begin testing Jordan-only stores in North America
Nike will begin testing stores in North America that only sell its Jordan brand in fiscal 2023. The announcement was made during Nike’s earnings call for its fiscal 2022 third-quarter results on March 21. The test in North America will leverage a consumer experience that proved “wildly successful in Greater ...
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News briefsNew Nike Athlete Think Tank worth $1.3 million
Nike has launched the Nike Athlete Think Tank. A platform designed to support women and girls in sports. “Because women and girls don’t have equal access to play and sport, we teamed up to share our experiences and turn insights into action and fight for gender equality,” tennis player and ...
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News briefsNike releases 20th impact report
Nike has published Breaking Barriers - FY21 Nike Inc. Impact Report, which marks the company’s 20th year of reporting its corporate social responsibility (CSR) progress. According to the new report, Nike is on track with the majority of its 29 targets for 2025 and expects to keep all targets on ...
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News briefseBay celebrates the women behind sneakers with Trailblazers Collection
eBay has announced the Trailblazers Collection, an exclusive drop that highlights sneakers designed or inspired by the industry’s most influential women. Kicking off Women’s History Month, this one-of-a-kind event on the U.S. eBay website combines some extraordinary styles with impressive backstories and celebrates the undeniable influence of women on sneaker ...
