By Reuters Published October 8, 2024 Nike‘s ongoing struggles are giving Adidas a chance to keep taking market share from its larger US rival, but the German brand will have to work harder to keep shoppers interested in its key Samba and Gazelle terrace sneakers. The Gazelle and Samba sneakers by Adidas – Reuters The [...]read moreAs Nike struggles, Adidas must surf Samba wave with caution
By Reuters Published September 12, 2024 Nike, opens new tab shareholders have voted against a proposal to consider joining binding agreements with supply chain workers to better address human rights issues in high-risk countries at its annual meeting, the company said on Tuesday. Reuters The proposal was moved by an investor group led by Domini Impact [...]read moreNike shareholders vote against proposal on workers’ rights
By Bloomberg Published Aug 26, 2024 Nike Inc.’s Jordan brand said it’s taking several of its top sponsored athletes on a tour of China in a new push to promote its product lines in the crucial growth market. NBA player Doncic Dallas Mavericks guard Luka Doncic, New Orleans Pelicans forward Zion Williamson and Jayson Tatum [...]read moreNike push in China to include tour with NBA stars Doncic, Tatum
By Bloomberg Published Aug 15, 2024 Nike Inc. shares gained in late trading on 14 August after Pershing Square Capital Management LP disclosed a new stake in the world’s largest sportswear company. Reuters The investment firm run by Bill Ackman revealed in a regulatory filing Wednesday afternoon that it holds about 3 million shares in [...]read moreNike rises after Bill Ackman’s Pershing Square discloses stake
By Bloomberg Published Aug 12, 2024 Nike Inc. suspended online sales in Turkey via its website and mobile app, days after an increase in customs taxes levied by Turkey on online purchases from abroad. Reuters “We cannot guarantee our consumers that their orders will arrive smoothly and on time, so we are suspending online orders [...]read moreNike suspends online sales In Turkey after customs tax increase
By Reuters Published Aug 8, 2024 The summer Olympics is turning out to be a rare win for Nike as the global sporting event has helped boost demand for the sportswear giant’s new launches and edge out competition, website searches from research firm Similarweb showed. Reuters In the opening week of the Olympics, from July [...]read moreNike sees gold rush with summer Olympics driven website visits, sales
JD Sports has become the first global retail partner for Nike’s Connected Membership programme. JD Sports The link-up actually launched in the UK in 2022 but it has now arrived in the US, giving the rewards programme a global aspect. It means JD’s US customers will be able to access select Nike members-only footwear and [...]read moreJD Sports and Nike extend rewards partnership to US
By Reuters Published Jul 30, 2024 British sports and fashion retailer JD Sports, one of Nike‘s largest customers, gave the world’s biggest sports brand by revenue a vote of confidence on Tuesday, with a senior executive saying it “will be just fine”. Late last month, Nike’s shares plummeted after the group warned its sales would [...]read moreDon’t write off Nike, says Britain’s JD Sports
By Reuters Published Jul 9, 2024 The success of Adidas‘ low-rise multi-coloured Samba and Gazelle sneakers, along with weaker sales at rival Nike, should help the German sportswear brand deliver strong second-quarter sales and its biggest profit margin in three years. Adidas Nike forecast a surprise drop in annual sales at the end of June, [...]read moreAdidas set to benefit as Nike struggles
By Bloomberg Published Jun 5, 2024 Nike Inc. has cut staff in its European headquarters as part of a multiyear cost-cutting plan at the world’s largest sportswear company, according to people familiar with the matter. Nike The Nike campus in the Netherlands — located in the city of Hilversum, just outside of Amsterdam, and known [...]read moreNike layoffs reach its European headquarters in the Netherlands