Nike Inc
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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.
Casual fashion continues to draw US teen spend
Athletic brands such as Canadian yogawear retailer Lululemon and sportswear giant Nike continue to prove popular with teens in the US, as casualisation of fashion continues despite teen spending falling to the lowest levels in eight years.
Nike posts Q1 profit jump on higher revenue
US sportswear retailer Nike Inc has reported a 25% jump in first-quarter profits to US$1.4bn driven by strong revenue growth.
Nike supply chain gets speed boost from new DC
Sporting goods giant Nike Inc has moved another step closer to reaching its zero carbon and zero waste target with the opening of a new distribution centre in Belgium powered entirely by renewable energy.
Nike teams with Levi Strauss on footwear customisation
Nike is teaming up with jeans giant Levi Strauss & Co to offer consumers the chance to customise its footwear with Levi's fabrics and trims.
Nike launches first footwear subscription box for kids
US sporting goods giant Nike has launched its first footwear subscription service for children in a move it says will make shopping for youngster's shoes as convenient as possible – but which also builds a direct-to-consumer connection with the next generation of customers.
Nike acquires predictive analytics platform Celect
US sporting goods giant Nike has acquired predictive analytics platform Celect in a move that will help it to anticipate consumer needs and optimise inventory across multiple channels.
Nike uses beads in innovative new cushioning system
US sporting goods giant Nike has revealed a new cushioning system made from thousands of thermoplastic elastomer or TPE beads that work to create a personalised footbed that forms to the foot.
Nike exploring options for Hurley surfwear brand?
Sportswear brand Nike is reportedly eyeing a sale of its surfwear brand, Hurley International.
Nike expands US manufacturing footprint
US sporting goods giant Nike is to expand its US manufacturing footprint with a US$184m investment in a new Nike Air Manufacturing Innovation (Air MI) facility in Goodyear, Arizona.
Supply chain innovation sees Nike FY profit soar
Product innovation and increasing digital capabilities are continuing to drive global demand at Nike Inc, helping the US sporting goods giant higher sales and a 108% rise in full-year profit.
H&M and Gap Inc top Better Cotton sourcing leaderboard
Swedish apparel giant Hennes & Mauritz (H&M), furniture giant Ikea, and US speciality apparel retailer Gap Inc have topped a new ranking by the Better Cotton Initiative (BCI) based on their total Better Cotton sourcing volumes in 2018.
Nike appoints first digital information chief
US sporting goods giant Nike has named Ratnakar Lavu as the company’s first global chief digital information officer.
Nike's new workbook offers sustainable guidelines for designers
US sporting goods giant Nike has unveiled a new Circular Design Workbook to provide designers and product creators across the apparel industry with a common language for circularity.
Nike harnesses AI to launch footwear sizing tool
US sports footwear and apparel brand Nike is harnessing the power of artificial intelligence to launch a digital shoe measurement tool.
PVH inks licensing deal for Nike men's underwear
PVH Corp, owner of brands including Calvin Klein and Tommy Hilfiger, has inked a men's underwear licensing agreement with sportswear giant Nike.
Nike to launch 3D sneaker customisation platform
US sporting goods giant Nike is to unveil a new 3D customisation platform for sneakers next month, which will allow shoppers to generate a real-time sharable snapshot of the finished footwear.
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.
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