Nike news and archive

Nike reports revenue and earnings growth in Q1

For its first quarter, Nike, Inc. reported revenues of 12.9 billion dollars, up 2 percent compared to prior year on a reported and currency-neutral basis. Gross margin for the quarter decreased 10 basis points to 44.2 percent and net income was 1.5 billion dollars, down 1 percent, while diluted earnings per share rose 1 percent to 94 cents. “Q1...

Fashion

Nike x Feng Chen Wang collection launch

Designer and Nike collaborator Feng Chen Wang have introduced a new collaboration, combining engineered artistry and personalisation, resulting in technical apparel infused with traditional sportswear elements. The collection's centerpiece is the Transform Jacket, inspired by Feng's motto, "to own less is to own more." This versatile jacket...

Business

Nike investors vote against pay equity and human rights proposals

Nike is continuing to face scrutiny for its handling of allegations of pay inequity and human rights misconduct, with the sportswear giant’s investors now understood to have voted against proposals that aimed to resolve such issues. The company had seen increased pressure from two activist investors in recent months, each calling on Nike to...

Business

Nike to sell Lioness’ goalkeeper shirt following mounting backlash

Sportswear giant Nike has caved under mounting pressure from outraged fans, now stating that it will manufacture replicas of Mary Earp’s England goalkeeper shirt. The company was faced with hefty criticism, and a petition signed by 150,000 people, after it opted not to sell the Lioness’ top as part of its World Cup collection. Despite being the...

Fashion Featured

Football World Cup: Nike, Adidas and Puma do not sell goalkeeper jerseys

Major sporting goods groups such as Nike, Adidas and Puma rely on an ever-growing selection of football jerseys and even offer special, alternative and warm-up jerseys for fans. Even the apparel of the professional women's teams are now part of the companies' fan range - apart from the goalkeeper's jerseys for the World Cup. The missing...

Fashion |In Pictures

Nike unveils new collection with Ambush designer Yoon Ahn

Sportswear giant Nike has unveiled a new collection with Ambush designer and frequent collaborator Yoon Ahn that explores femininity, fashion, and football fandom with nightlife-inspired apparel and footwear. The Nike x Ambush collection sees Ahn injecting a style-first approach to sports apparel, footwear and culture, inspiring a conversation...

Fashion

Canada launches enquiry into alleged use of Uyghur forced labour by Nike

Nike is facing fresh scrutiny as Canada's ethics watchdog investigates allegations of Uyghur forced labour in the company's Chinese operations. The probe follows complaints filed by human rights groups, reported the BBC. Nike claims it severed ties with the accused companies. The Canadian Ombudsperson for Responsible Enterprise (Core) has...

Culture

Nike unveils ‘next era’ for womenswear in dance performance

Sportswear giant Nike has revealed what it is calling the “next era for Nike Women” through a dance performance choreographed by the brand’s partner, choreographer and dancer Parris Goebel. Hosted in Paris on July 5, the experience entitled ‘Goddess Awakened’ looked to celebrate the power of womanhood through movement, style and self-expression....

BusinessFeatured

Nike, Puma and Adidas are the most visited sportswear brands online

There's sometimes only one step between fashion and sport, and most sportswear brands have succeeded in crossing it. By transcending the boundaries of sport to become true fashion references, these brands manage to reach a wider customer base. The online sports betting site Gambling 'N Go has taken a look at the success of these brands and...

Fashion |In Pictures

Nike showcases tailored clothing collection designed by Martine Rose

London-based designer Martine Rose has unveiled a new collection with sportswear giant Nike designed for female football players, featuring a suit jacket, a pair of trousers, a trench coat, a shirt and accessories. The Nike x Martine Rose collection was created for female footballers to wear ahead of this summer’s 2023 FIFA Women’s World Cup to...

BusinessFeatured

Nike posts Q4 revenue growth but net income down 28 percent

For the fourth quarter, Nike Inc. revenues were 12.8 billion dollars, up 5 percent and up 8 percent on a currency-neutral basis. Net income for the quarter was 1 billion dollars, down 28 percent, and diluted earnings per share were 66 cents, down 27 percent. “Nike’s strong results make clear that our strategy is working,” said John Donahoe,...

Business

US Supreme Court denies hearing Nike and Adidas patent dispute

The US Supreme Court has declined to hear Nike’s shoe patent dispute with the sportswear retailer’s German competitor Adidas, a move that came in regards to the former’s attempt to overturn a decision made by the US Patent Office to cancel part of a shoe patent. Court documents revealed that Nike was contesting the tribunal’s decision to...