Nike Inc
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Nike targets consumer waste with sneaker refurb scheme
US sporting giant Nike Inc is rolling out a sneaker refurbishment scheme where it takes back footwear returned by shoppers, cleans them up, and puts them back on shelves at a lower price, as it looks at ways to reduce consumer waste.
Focus on direct-to-consumer ticks the boxes for Nike
Nike's fortunes have been lifted by growth in Greater China as sales in the region in Q3 FY2020/21 rose by 51.3%, though the comparative period last year was impacted by Covid-19 store closures. Revenue in North America, however, fell by 10.4% as it faced major supply chain issues and continued to suffer from weakened consumer confidence.
Nike to link executive compensation to sustainability progress
Nike Inc has established its new five-year roadmap for global impact which encompasses 29 new targets and sees the US sporting giant tie executive compensation to its progress in deepening diversity and inclusion, protecting the planet, and advancing ethical manufacturing for the first time.
Nike leadership changes to drive consumer-led strategy
US sporting giant Nike Inc has outlined senior leadership changes to continue the momentum of its Consumer Direct Acceleration (CDA).
Online sales surge boosts Nike Q2 earnings
US sporting giant Nike saw both earnings and sales grow in its second-quarter thanks to a surge in online sales offsetting lower revenues in the group’s wholesale business and owned stores.
Nike rolls out localised retail concept
US sporting giant Nike Inc has launched a new personalised retail concept, tailored to fit local communities.
Calvin Klein looks to Nike for new design chief
PVH Corp subsidiary Calvin Klein, Inc has tapped Nike senior creative director of women's sportswear apparel Jessica Lomax as its new boss of global design.
Nike sees permanent digital shift as online sales soar 82%
US sporting giant Nike says the shift to online sales could be a permanent trend after it revealed an 82% increase in digital sales in the first quarter.
Nike forays into maternity-wear
Nike is foraying into maternity-wear with the launch of its first collection later this month.
Bob's Stores put under strategic review by Frasers Group as Nike cuts ties
Frasers Group, the owner of Sports Direct and House of Fraser, is to place its subsidiary Bob's Stores under strategic review after Nike cut ties with the US retail chain.
Nike shelves plans for Arizona facility on Covid woes
US sporting goods giant Nike Inc has backtracked on plans to invest in its Goodyear, Arizona, footwear-making facility.
Nike backs new net zero global initiative
Sporting goods giant Nike Inc is among the nine founding members of a new cross-sector initiative designed to accelerate the transition to a net zero global economy by developing and delivering research, guidance, and implementable roadmaps.
Fashion industry efforts to address global PPE shortages – Update
Texollini, Chargeurs*PCC Fashion Technologies, and Crystal International are among the latest fashion firms to mobilise their production facilities and supply chains to help address the global shortage of personal protective equipment (PPE), including face masks and hospital gowns, amid the coronavirus (Covid-19) pandemic.
Nike to streamline organisation and corporate leadership team
Nike Inc has said it will streamline its organisation, including its corporate leadership team, as the sporting goods firm looks to become a nimbler, flatter organisation.
Retailers begin to outline store reopening plans – Update
Debenhams, Brooks Brothers, and J.Crew Group are among the latest apparel brands and retailers to outline reopening plans after stores and online operations were closed temporarily worldwide as part of efforts to help limit the spread of the coronavirus (Covid-19) outbreak.
Global retail closures as coronavirus spreads – Update
A raft of apparel and footwear brands and retailers including Next Plc, Primark, H&M, Nike and Gap Inc, are temporarily closing stores and suspending online operations as part of efforts to help limit the spread of the coronavirus (Covid-19) outbreak.
What's the future for fashion retail after coronavirus?
In just a few short weeks our industry has been turned upside down by the global spread of coronavirus. The question now is what will fashion retail be like when the pandemic is over? Here, Malcolm Newbery shares his thoughts on life after Covid-19.
Nike deploys Covid-19 "playbook" to US and Europe
Sportswear giant Nike Inc says it has a "playbook" to tackle the impact of the Covid-19 pandemic, including leveraging its diverse sourcing base and digital capabilities to manage the business with flexibility, and shifting inventory to serve consumer digital demand.
Nike in senior leadership reshuffle
US sporting goods giant Nike has announced a series of senior leadership changes, including the appointment of chief financial officer (CFO), Andy Campion, as COO.
Nike brand shifts South America business to distributors
Nike is shifting its Nike Brand business in Brazil, Argentina, Chile and Uruguay to strategic distributor partnerships, with its operations in these countries moving to key South American partners.
Coronavirus to have "material impact" on Nike in Greater China
US sporting goods giant Nike expects the novel coronavirus outbreak to have a "material impact" on its operations in Greater China in the short term as the company has shuttered half of its stores in the region.
Five changes to expect at Nike as Donahoe takes charge
It's all change at the top for sportswear giant Nike Inc as John Donahoe yesterday (13 January) took over the reins as the company's fourth CEO in its 55-year history. But with a background in technology rather than retail and sportswear, what changes are likely under his leadership?
New Nike Atsuma shoe aims to reduce material waste
A new Nike sneaker released this week (1 January) aims to reduce material waste by using scraps created during the production process.
Nike Infinalon fabric offers enhanced stretch and recovery
Sportswear giant Nike has developed a performance fabric it says offers nearly double the stretch and recovery of a fabric made from spandex.
Nike Q2 profit surges as higher prices offset tariffs
US sporting goods giant Nike Inc has booked a 32% jump in second quarter profit after higher prices helped offset US trade tariffs.
Nike invests in hands-free footwear technology firm
US sportswear giant Nike has made a strategic investment in Handsfree Labs, a specialist in hands-free footwear technology that enables consumers to step in and out of shoes more easily without lacing or the use of hands.
Nike to stop selling products on Amazon
Nike has confirmed it will no longer be directly selling its products through online platform Amazon.com.
Nike to sell surf brand Hurley for undisclosed sum
US sportswear giant Nike has inked a deal to sell its Hurley surf brand to private equity firm Bluestar Alliance.
Nike leads pledge to prohibit trans-Arctic shipping
Fashion firms Bestseller, Columbia, Gap Inc, H&M Group, Kering, Li & Fung and PVH Corp have joined a new pledge led by US sporting goods giant Nike and environmental group Ocean Conservancy to prohibit shipping through the Arctic Ocean.
Nike CEO Mark Parker to step down
Nike's Mark Parker is to step down as CEO of the US sporting goods giant next year, but will take on the role of executive chairman as he hands the reins to board member John Donahoe.
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