Nike news and archive

Nike shares up, Adidas and Puma rise too

The US stock market reacted positively to Nike, which also gave the shares of the two German competitors Adidas and Puma a boost on Friday. Nike’s shares rose by almost 10 percent in pre-market trading in the US. In regular trading, this would mean the highest level in more than three months. Adidas’ shares rose by 3.8 percent to 199.40 euros,...

Business

Nike announces leadership promotions

Nike has announced that effective as of March 13, Amy Montagne, currently VP/GM, APLA will transition to lead the women’s business as VP/GM women’s and Cathy Sparks, currently VP, Nike Direct, EMEA, will transition to lead the APLA geography as VP/GM, APLA. The company announced that Whitney Malkiel, currently VP/GM Women’s, has decided to leave...

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Business

Nike joins fashion's fight to halt 'unauthorised' NFTs

As digital objects in the form of NFTs have exploded in popularity and value over the past year, so too have the legal headaches and complications. Nike became the latest company to file a lawsuit over the issue on Thursday -- suing shopping platform StockX for creating and marketing NFTs with its logo and branding. It follows a lawsuit last...

Video

Video: Nike x Patta: The Wave Ch. 4

In this video, Nike and Patta have presented a collaborative film by Mahaneela, with the creative direction by Steve McQueen. Watch the video below. Video: Nike via YouTube Photo credit: Image: Nike via YouTube

Video

Video: Nike presents Nikeland on Roblox

In this video, Nike has presented Nikeland virtual experience on Roblox. Watch the video below. Click here to read more about the experience. Video: Nike via YouTube Photo credit: Image: Nike x Roblox

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Fashion

Nike tops list of highest performing sneaker brands at resale

Sneakers dominate the resale market, that much we know, but which styles and brands are the stars, yielding the biggest return on the original investment? A new study by Money.co.uk, a London-based price comparison site, which collected data from the Stock X website and used the average change in price premium to determine how certain products...

Business

Nike give employees a week-long mental health break

Nike Inc. (NKE) said on Tuesday that it had given employees at its corporate offices a week off in August, giving priority to their mental wellbeing. The company said that it is giving its employees the free week so that they could "destress" in the backdrop of the fear and uncertainty brought on by the coronavirus pandemic. In a social media...

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Business|ANALYSIS

U.S. market and wholesale drive strong Q4 for Nike

Nike has topped analysts’ estimates for their fourth-quarter with record revenue driven by record revenue in its U.S. market and their wholesale business. Earnings per share (EPS) also surpassed the market’s forecast (93 cents vs. 51 cents expected.) Nike posted Q4 revenue of 12.3 billion dollars, up 96 percent from last year, and noting...

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Business

Nike posts surge in Q4 sales and profit

Nike, Inc. said fourth quarter reported revenues were 12.3 billion dollars, up 96 percent compared to prior year and increasing 21 percent compared to the fourth quarter of 2019. Full year reported revenues increased 19 percent to 44.5 billion dollars. Gross margin for the quarter increased 850 basis points to 45.8 percent, while diluted...

Fashion

Nike launches sustainable Happy Pineapple collection

Sportswear giant Nike has launched its Happy Pineapple collection, using piñatex instead of leather. Piñatex is a plant-based alternative to leather and is crafted by using pineapple leaves. Nike is one of the first brands to use piñatex in its designs, offering 95 per cent renewable resources and enhanced performance. Ananas Anam The new...

Retail

Hibbett Sports opens new store in California

US-based sports apparel retailer, Hibbett Sports has announced it’s opening a new store in Richmond, California. The new shop is located at 3500 B. Klose Way in the Hilltop Plaza in Richmond and adds to the company’s already one thousand plus stores. The 5,000 square foot boutique-style space offers an open concept with easy exploration of new...

Fashion

eBay to authenticate collectible sneakers

Ebay’s authentication scheme for sneakers has now rolled out to the UK. The guarantee is currently available for eligible sneakers sold in new condition for 150 USD or more and pre-owned condition sold for 300 USD or more. Eligible sneakers will display a blue Authenticity Guarantee check mark. With the sneaker resale market set to be a billion...