Nike news and archive

Nike signs future deals with recycling partners Loop and Syre

Sportswear giant Nike has announced two multi-year partnerships with circular fabric suppliers Loop Industries and Syre, marking a further step in its commitment to circular materials. The announcements were made in separate press releases from the suppliers. The agreement with Montreal-based Loop Industries is an offtake agreement. Nike has...

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Prada, Jil Sander, Jack Wolfskin… An overview of new management in the fashion industry

Even during the seemingly quiet summer period, the fashion industry continues its reshuffle. From Lancel and Nike to Geox and Marni, FashionUnited has compiled the most important personnel decisions of recent months. Jil Sander: Ubaldo Minelli appointed CEO Ubaldo Minelli, chief executive officer of the Italian fashion group OTB Group, is now...

Fashion

Nike and Lego partner on basketball-themed playsets and apparel

The Lego Group and the US sportswear company Nike are taking the next step in their long-standing partnership with playsets, apparel and footwear for children. The Danish toy manufacturer and Nike are launching two Lego sets. This was announced by the cooperation partners on Monday. Each set allows you to build a basketball player figure with...

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Nike's Jordan Brand names Santiago Arredondo EMEA vice president

Nike-owned Jordan brand has appointed Santiago Arredondo as the new vice president and general manager for Europe, the Middle East and Africa (EMEA). Arredondo announced his new role on Monday on the career network, LinkedIn. "I’m happy to share that I’m starting a new position as VP/GM Jordan EMEA at Nike!," he said. He has been active at Nike...

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Business

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,...

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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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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...

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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

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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...

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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...