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Nike and Adidas join 173 US shoe retailers in call to avoid ‘catastrophic’ tariffs

Nike and Adidas join 173 US shoe retailers in call to avoid ‘catastrophic’ tariffs

21/05/2019 - 12:23
Nike, Adidas, and other footwear giants urged President Donald Trump to reconsider his tariffs on shoes made in China, saying the policy would be “catastrophic for our consumers, our companies and the American economy as a whole”. read more
Nike names new chief sustainability officer

Nike names new chief sustainability officer

12/07/2018 - 08:59
Nike has named Noel Kinder has is new chief sustainability officer. read more
Nike returns to solid growth despite drop in Converse sales

Nike returns to solid growth despite drop in Converse sales

02/07/2018 - 08:03
Nike has returned to growth reporting a double-digit rise in revenues during its fourth quarter thanks to strong international sales. read more
Nike revenues jump 7% despite US sales drop

Nike revenues jump 7% despite US sales drop

26/03/2018 - 10:05
Sportswear giant Nike has seen revenues come in above expectations by $15 million (£10.6 million) over its third quarter, driven by strong growth across Asia. read more
Nike becomes first brand to sell on Snapchat

Nike becomes first brand to sell on Snapchat

21/02/2018 - 09:32
Snapchat has teamed up with Shopify and Nike to launch the first product for sale through the social media site. Along with Darkstore, the team pre-released the sale of the Air Jordan III "Tinker" sneakers on Snapchat on the last night of the NBA All-Star game.  read more
Nike earnings slump 22% in first quarter

Nike earnings slump 22% in first quarter

28/09/2017 - 15:20
Nike has recorded its slowest quarterly sales growth in almost seven years as it expands its retail business amid an intensifying competition in the sportswear market. read more
Nike celebrates visionary women with 'Air VaporMax' campaign

Nike celebrates visionary women with 'Air VaporMax' campaign

07/08/2017 - 16:18
Nike is celebrating a group of visionary women, the Visionairs, in its 'Air VaporMax campaign'.  read more
Nike reaches $2 billion in online sales

Nike reaches $2 billion in online sales

03/07/2017 - 09:44
The footwear giant says its annual web sales grew 30% over last year, and executives offer updates on its pilot program on the Amazon.com marketplace. read more
Nike to slash jobs, cut sneaker styles in shakeup

Nike to slash jobs, cut sneaker styles in shakeup

20/06/2017 - 10:22
Nike wants to be more nimble on its feet. The sneaker maker said that it plans to sell more shoes directly to customers online as part of a restructuring in which it plans to cut about 1 400 jobs.  read more
Adidas gains ground on Nike's US home turf

Adidas gains ground on Nike's US home turf

05/05/2017 - 08:41
Frankfurt - Adidas is racing ahead in the US with sales growth that’s outstripping archrival Nike as its namesake brand and Reebok capitalize on the trend for retro and 'athleisure' fashions that are worn off the sporting grounds. read more
Nike eCommerce growth slows in Q3

Nike eCommerce growth slows in Q3

23/03/2017 - 15:18
The footwear maker and multichannel retailer's 18% increase in digital sales in fiscal Q3 is less than half of the 40%+ year-over-year growth rates in recent quarters. read more
Nike boss slams Donald Trump's "Muslim ban" policy

Nike boss slams Donald Trump's "Muslim ban" policy

31/01/2017 - 14:22
The boss of sportswear brand and retail giant Nike has slammed US President Donald Trump’s executive order that bans people from seven Muslim-majority countries from entering the US. read more
J.C. Penney bringing Nike shops to 600-plus stores

J.C. Penney bringing Nike shops to 600-plus stores

19/01/2017 - 13:11
Shares in J.C. Penney popped 3.7% on Tuesday after the discount department store retailer announced it’s adding new 500-square-foot Nike brand shops in “prominent locations” within the men’s departments of more than 600 of its stores. read more
Adidas is closing in on Nike's athletic footwear dominance

Adidas is closing in on Nike's athletic footwear dominance

21/10/2016 - 09:01
Adidas, which in recent years conceded its number two spot in sportswear to Under Armour, is now closing in on Nike's dominance in athletic footwear, according to a new report from Jefferies analyst Randal Konik, CNBC reports read more
Nike shares fall after orders spark concerns about slowdown

Nike shares fall after orders spark concerns about slowdown

08/07/2016 - 09:35
New York – Nike fell in early trading after its sales and orders missed estimates, renewing concerns that competitors will hamstring growth at the world’s largest sports brand. read more
Adidas fights to draw top talent to HQ - Germany

Adidas fights to draw top talent to HQ - Germany

01/10/2014 - 10:03
Germany - Adidas needs excellent designers, brand experts and technical whizzkids to improve its image against US rival Nike, but persuading them to move to its headquarters in rural Germany is difficult.  read more
Foschini up on higher cash sales

Foschini up on higher cash sales

02/09/2014 - 12:30
Johannesburg - Shares of The Foschini Group (TFG) gain 2.9 percent to 118.42 rand after the clothing retailer says cash sales have increased by 21 percent in the first five months of its financial year, as it continues to cut its exposure to the troubled consumer credit market. read more
Former Nike exec named CEO of Spanx

Former Nike exec named CEO of Spanx

09/06/2014 - 10:49
Atlanta — Shapewear wholesaler and retailer, Spanx, announced that Jan Singer has been named CEO of the company. She joins Spanx from Nike, where she held various senior leadership roles, including corporate VP of global apparel and corporate VP of global footwear.  read more
Adidas sets sales goal in World Cup year

Adidas sets sales goal in World Cup year

19/06/2013 - 09:14
Herzogenaurach, Germany - German sportswear maker Adidas AG forecast record sales for its soccer business in 2014, aiming to retain market leadership in the sport ahead of US rival Nike Inc in a soccer World Cup year. read more
Nike boosts dividend payment

Nike boosts dividend payment

16/11/2012 - 07:51
Beaverton, Oregon - Nike is boosting its dividend payment and planning a two-for-one stock split. read more
Nike announces $8bn share buyback

Nike announces $8bn share buyback

20/09/2012 - 13:02
New York - Nike, the clothing, footwear, sportswear and equipment giant, announced a four-year, $8bn share buyback plan late Wednesday. read more
High demand fuels Nike’s gains

High demand fuels Nike’s gains

23/03/2012 - 08:03
Beaverton - Nike says its third-quarter net income rose seven percent as price increases and high demand for its sneakers and athletic gear compensated for rising costs.  read more
Adidas $338 Soccer Shoes Offer Messi’s Secrets to Fend Off Nike: Retail

Adidas $338 Soccer Shoes Offer Messi’s Secrets to Fend Off Nike: Retail

10/11/2011 - 09:27
For 245 euros ($338), Adidas AG (ADS) will share Lionel Messi’s secret with you. read more
Demand for Nike brand still strong

Demand for Nike brand still strong

28/06/2011 - 08:00
New York - Nike Inc reported stronger-than-expected quarterly earnings on Monday as a 14% increase in revenue helped offset higher costs, and orders showed surprising strength for the future. read more