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...
Sep. 1, 2021
Nike have unveiled its third kit for Chelsea FC, reflective of a modern era for the UK’s popular football club, characterised by youthful energy and “everything that represents.” Chelsea has long had an association with fashion, with Nike teaming up with Chelsea fans who work in the fashion industry to inform the kit design. Chelsea FC said “...
Aug. 27, 2021
Material innovator Newlight Technologies has announced it will partner with Nike to look into the use of the biomaterial AirCarbon for the sports brands products. As of right now, AirCarbon is used as a substitute for plastic and leather, as a carbon-negative alternative that can be melted down into a variety of forms, including solid shapes....
Working with ten upcoming designers, Serena Williams and Nike are set to launch a new collection of performance apparel, shoes and accessories to round out the first edition of the Serena Williams Design Crew apprenticeship program. The collection is set to feature jumpsuits, shorts, t-shirts, a collection of shoes and more, all designed for the...
Aug. 19, 2021
Nordstrom has launched its annual campaign with the nonprofit Shoes That Fit. For the past 11 years, Nordstrom has worked with its customers to provide over 240,000 pairs of brand-new, properly fitting shoes to kids in need in local communities where Nordstrom operates. Nordstrom partnered with Shoes That Fit realizing how expensive new shoes...
Aug. 16, 2021
Fashion plays an integral role in the Tokyo Olympics, with the games officially opening today. The pride of national uniforms, especially from countries with globally recognisable brands and designers, are part and parcel of the competition and representation. Armani, Lacoste, Ralph Lauren, Skims, Adidas and Nike are just some of the brands that...
Jul. 23, 2021
Nike may be facing severe disruptions to its sneaker supply chain as two of its key manufacturers in Vietnam have halted production due to a new wave of coronavirus infections, reports CNBC. Vietnam has long been instrumental to Nike’s sneaker production, with the footwear giant increasing output throughout the past years. Currently nearly half...
Jul. 21, 2021
With the Tokyo Olympics approaching, auction house Sotheby’s has debuted The Olympic Collection, an assemblage of memorabilia, sneakers, and collectibles related to Olympic athletes. The sale will encompass over 50 items, many without reserve, and launch the same day as the Summer Olympic Games on July 23rd. Rare items include a “Prototype Logo”...
Jul. 9, 2021
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...
Jun. 28, 2021
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...
Jun. 25, 2021
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...
Jun. 18, 2021
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...
Jun. 15, 2021
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