All Nike articles
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ArticleRussia has seen sharp decline in sporting goods sales in 2022, new survey shows
After the departure of the key foreign brands, including Nike, Adidas, Reebok and Decathlon, from the country, Russian sporting goods experienced a 40 percent drop in sales in monetary terms in 2022 compared with the previous year, a survey conducted by Tinkoff Data, a consulting branch of a local privately-owned ...
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Sabrina Ionescu and Nike team up for signature basketball collection
Source: Nike Sabrina Ionescu’s Unicorn sock with Dri-FIT ADV Nike has unveiled Sabrina Ionescu as its newest signature athlete, continuing to follow through on its self-imposed commitment to develop the next generation of basketball players and advance the game both on and off the court. Ionescu is ...
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Nike will stop using kangaroo leather this year
Nike will stop making any product with kangaroo skins this year, the company said in a statement on March 13. The announcement comes on the heels of rival firm Puma saying it will replace “k-leather” in football boots with a synthetic vegan alternative, meaningfully called “K-better,” as we reported earlier ...
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New survey reveals Millennials’ favorite brands
Investment bank Roth MKM announced the results of its 2023 Millennial Survey; a proprietary survey examining current trends, spending patterns and favorite brands across eight consumer categories, including apparel and footwear, and health and wellness. Some of the key findings for the sporting goods industry include: For the second ...
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Article
Yue Yuen delivers solid FY results, but warns about gathering headwinds
Bolstered by its manufacturing segment, Yue Yuen reported a 158 percent increase in annual operating income to $416.8 million in FY22 on a 5 percent revenue expansion to $8.97 billion from $8.53 billion. Net income grew by 106 percent to $293.2 million as the annual gross margin dropped slightly to ...
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Nike accused of breaching OECD supply chain guidelines
A group of 20 unions from the garment sector and two labor-rights groups – Asia Floor Wage Alliance (AFWA) and Global Labor Justice–International Labor Rights Forum (GLJ-ILRF) – have submitted a formal complaint alleging that Nike’s treatment of workers and unpaid wages violated OECD guidelines for responsible business conduct. The ...
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Puma signs Jack Grealish in new boot deal
Source: Puma Jack Grealish Puma has announced a new long-term partnership with Jack Grealish, the most expensive British football player ever. Grealish currently plays for Premier League club Manchester City and the England national team. The new boot deal with Puma has been described as “record-breaking” by ...
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Nike announces changes in leadership roles
Nike has announced several senior leadership changes: Whitney Malkiel, current VP/GM of women’s, will leave the company as of March 13 and be replaced by Amy Montagne, currently VP/GM, Asia-Pacific and Latin America (APLA). Montagne has been with the Portland-based brand for 18 years. Her current role of VP/GM, APLA ...
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New chief diversity, equity & inclusion officer at Nike
James Loduca is to join Nike as its new chief diversity, equity & inclusion officer. Loduca has previously worked as vice president inclusion, diversity, equity and accessibility (IDEA) at Twitter, and was the director of equality at Salesforce. Announcing his new role on LinkedIn, Loduca wrote: “I’m thrilled to be ...
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Article
Grupo SBF’s star segment in FY22 is Fisia
Grupo SBF, the operator of Brazil’s top sporting goods chain in Centauro that became the country’s exclusive distributor of Nike in Dec. 2020, reported a 16 percent decline in Q4 adjusted Ebitda to 226.6 million Brazilian reais (€42.3m) for the period ended Dec. 31. Gross margin fell to 47.6 percent ...
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Article
Puma CEO Arne Freundt: “We are hungry”
Alongside Puma’s positive 2022 figures, we bring you CEO Arne Freundt’s renewed strategy for growth, as told at Puma HQ on March 1, 2023
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Article
Nike tops global retailers list among sports retailers
Nike Inc./Nike Direct is the largest sports retailer in the world, according to the “Global Powers of Retailing 2023” report, which Deloitte has just released. Decathlon takes the 2nd spot, followed by Dick’s, JD Sports and Adidas, to complete the Top 5 in the sports retailing sub-category. ...
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Article
Etsy accused of 'knowingly' allowing sales of counterfeit product
In a report published on Feb. 16, 2023, online stock commentary website Citron Research claims to have exposed the “dirty secrets” of Etsy, the New York-based online marketplace for buying and selling handmade and other products, founded in 2005, and its failure to shut down the sale of counterfeit goods, ...
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News briefs
French firm sues Nike for allegedly using unlicensed font
Production Systems SAS, a Paris-based design firm that conducts business under the trade name Production Type, is suing Nike for allegedly using portions of its Kreuz font software without authorization. The lawsuit was filed in a New York federal court on Feb. 13. According to the French company, Nike purchased ...
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Former NikeWomen exec expected to run English women’s football
Source: LinkedIn Nikki Doucet A NewCo will likely be formed to run the Women’s Super League (WSL) and Women’s Championship in English women’s football, and Nikki Doucet has been appointed by The Football Association (The FA) as a consultant to explore this plan, the Telegraph has revealed. ...
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Infographics & Data
Analysis: Sporting Goods Scorecard - Q3 2022
Our Q3 Scorecard includes the revenue and profit development of 41 major sporting goods companies - benchmark yourself with the top players in the industry
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News briefs
How Nike is celebrating LeBron James
Nike’s marketing team score with their recognition of athlete’s unbelievable achievement
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Nike launches collaborative sneaker with Tiffany & Co.
Nike and Tiffany & Co. are releasing a Nike x Tiffany & Co Air Force 1 1837 sneaker, with a limited-edition sterling silver accessories range. The collaborative sneaker, made of black suede, features a Tiffany Blue-colored swoosh and sterling silver badges over each heel. The accessories include a shoe horn, ...
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Nike sues Lululemon for patent infringement on its Flyknit technology
Nike Inc. is suing Lululemon Athletica, claiming that at least four of Lululemon’s footwear products infringe its patents. In a complaint filed in Manhattan federal court, Nike alleges that Lululemon’s Blissfeel, Chargefeel Low, Chargefeel Mid and Strongfeel sneakers infringe on Nike’s patents related to its Flyknit technology, with reference to ...
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Article
A Dive into the unknown. The metaverse, NFTs and legal perspectives
The technology may be new, but it’s never too early to start thinking about protecting your brand in the metaverse. Our expert weighs in.
