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Digital focus helps drive Nike's Q3 growth
Nike Inc’s focus on driving speed, innovation and digitisation across its business – its so-called Triple Double strategy – has helped the US sporting goods giant to strong growth during the third quarter.
Nike adds to sustainable footwear collection
US sports apparel and footwear giant Nike Inc is launching three new footwear products for summer 2019 as part of its nod to sustainability.
Nike retains position as world’s most valuable apparel brand
US sporting goods giant Nike has once again retained its position as the world's most valuable apparel brand, strengthening its position with a 16% rise in brand value since last year, new figures show.
Nike, Target, Polartec lead uptake of recycled performance fibres
US sportswear giant Nike, department store retailer Target, and fabric maker Polartec are among brand, retailer and textile companies that have used the equivalent of more than one billion plastic bottles each through their uptake of recycled fibres.
EU probes Nike tax treatment in the Netherlands
The European Commission is launching a probe into whether US activewear firm Nike has received preferential tax treatment in the Netherlands giving it an unfair advantage over its competitors.
Apparel brands merge screened chemistry approaches into ZDHC
Levi Strauss & Co, Nike, H&M and C&A have agreed to share and align their screened chemistry approaches – and hand the future development of the programmes to the ZDHC Foundation, which is working to steer the industry towards a goal of reducing the discharge of harmful chemicals to zero by 2020.
Former Coca-Cola exec to lead Converse brand
Former Coca-Cola executive G Scott Uzzell is joining Nike Inc’s Converse trainers business later this month as its new president and CEO.
Doubling down on digital pays off in Nike Q2
Efforts to drive speed and efficiency throughout its supply chain and connect directly with consumers have helped sporting goods giant Nike Inc to double-digit revenue and profit growth in the second quarter.
US customs seizes nearly $1.7m in fake Nike trainers
Almost 10,000 pairs of fake Nike trainers – with a manufacturer’s suggested retail price (MSRP) of $1.695m had they been authentic – have been seized at the Port of New York/Newark.
Nike commits to help shape fashion sustainability agenda
Sporting giant Nike Inc has become a strategic partner to non-profit Global Fashion Agenda, which is working to set a common agenda and direction for focused industry efforts on sustainability in the sector.
H&M, Adidas, Gap, Nike largest BCI cotton users
H&M, Adidas, Gap Inc and Nike have been named in the top five of Better Cotton Initiative's (BCI) top brands list for sourcing the sustainable raw material.
Nike remains only sportswear firm in popularity ranking
US sporting goods giant Nike has again secured the only sportswear spot in a new quarterly ranking of the footwear and apparel industry's most popular brands and products.
Nike to invest further in speeding up supply chain
US sporting goods giant Nike will continue to invest in speeding up its supply chain capabilities during fiscal 2019, a group of investors has been told, in the wake of the company's first-quarter results.
Nike in Q1 hike, continues North America momentum
Shares in Nike Inc were down by 2.58% in pre-market trading despite the US sporting goods giant reporting double-digit increases in both earnings and revenue during the first quarter as it hailed the success of its Consumer Direct Offense and digital capabilities.
Speeding the footwear cycle is no fast-fix solution
Nike, Adidas and Under Armour are all on parallel missions to supercharge their supply chains through the introduction of so-called "speed" factories, but it's becoming clear that there's no quick-fix solution and the process requires a steep learning curve.
Nike only sportswear firm in Q2 popularity ranking
US sporting goods giant Nike has secured the only sportswear spot in a new quarterly ranking of the footwear and apparel industry's most popular brands and products.
US Q1 in brief – Destination Maternity, Tailored Brands, Boot Barn
In the latest first-quarter filings from US apparel and footwear brands and retailers, PVH Corp saw revenues exceed guidance thanks to strength across the business, while Guess saw continued momentum in Europe and Asia push earnings and sales up in the three months ended 5 May. Dick's Sporting Goods raised its full-year outlook and Destination XL narrowed its net losses.
Nike promotes Kinder to sustainability chief
US sporting goods giant Nike has named company veteran Noel Kinder as its new chief sustainability officer, succeeding Hannah Jones.
Nike's new digital connections drive speed and efficiency
US sporting goods giant Nike expects to accelerate its efforts to leverage data and analytics to inform design and capabilities during the current fiscal year – and ultimately drive speed and efficiency throughout its supply chain.
Nike in Q4 hike amid North America sales gain
Shares in Nike Inc were up by 9.34% in pre-market trading as the US sporting goods giant reported double-digit increases in both earnings and revenue during the fourth quarter and booked a return to growth in North America, but full-year profits were knocked by the impact of the Tax Cuts and Jobs Act.
Nike under fire over World Cup supply deal for Iran
Nike has come under fire again over its role in the FIFA World Cup after the Iranian national team accused the US sporting giant of failing to provide them with football boots just days before the tournament started.
Nike and Adidas accused of foul play on worker wages
Ahead of the FIFA World Cup football tournament that kicks off later this week, major sponsors Adidas and Nike are accused of paying poverty wages to supply chain workers who make the football shirts and boots worn by players and supporters.
Top 10 apparel brands combined worth US$111.3bn
The world’s top ten apparel brands have grown in value by 5% year-on-year and are now worth US$111.3bn, according to the 2018 Brandz Top 100 Most Valuable Global Brand rankings.
Top stories this week on just-style...
Top stories this week on just-style include the news that US President Donald Trump may explore the possibility of re-joining the Trans-Pacific Partnership (TPP), Better Buying and the Ethical Trading Initiative (ETI) are to collaborate on an 18-month programme to tackle buying practices in Bangladesh, Nike develops what it claims is the first 3D-printed textile upper in performance footwear, and H&M launches a pilot to educate consumers on garment care.
Nike claims first 3D-printed performance textile upper
US sporting goods giant Nike has developed what it claims is the first 3D-printed textile upper in performance footwear.
Nike acquires fashion technology firm Invertex
US sporting goods giant Nike has acquired Israel-based fashion technology company Invertex as it continues to strengthen its digital technology and talent as part of its Consumer Direct Offense strategy.
Nike remains world’s most valuable apparel brand
US sporting goods giant Nike has once again retained its position as the world's most valuable apparel brand, despite a "significant" 12% drop in brand value to US$28bn, new figures show.
Nike in Q3 loss amid Tax Act, acquires Zodiac
Shares in Nike Inc slipped this morning (23 March) after a 4.47% hike in after-hours trading as the US sporting goods giant booked a loss in its third-quarter and announced the acquisition of a leading consumer data analytics firm as part of its Consumer Direct Offense strategy.
Nike CEO Parker commits to continue beyond 2020
In a number of executive changes announced by US sporting goods giant Nike, the company's chairman, president and CEO Mark Parker is to remain in the role beyond 2020 – while Nike brand president Trevor Edwards, who had been seen as a potential successor to Parker, is to leave the business this summer.
Nike launches circular innovation challenge
US sporting goods giant Nike has launched a search for new ideas to help it create better products but with less waste.
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