Nike trips amid the downturn
US: Nike Q4 profit down 30% as future orders fall
Slumping sales in every geographic sector except Asia have coupled with restructuring charges to push sporting goods giant Nike Inc…
US: Nike to eliminate 5% of workforce
Sporting goods giant Nike is to shed 5% of its 35,000-strong global workforce, following a structural review sparked by the…
VIETNAM: Nike to stop using footwear supplier – reports
Sportswear giant Nike is to stop sourcing footwear from a factory in Vietnam within the next six months as part…
US: Nike halts orders from a number of factories
Sporting goods company Nike has confirmed to just-style it will be discontinuing orders with four footwear contract factories and a…
US: Nike reorganising brand into six regions
Sporting goods giant Nike Inc today (20 March) unveiled plans to reorganise its Nike brand into six regions with less…
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
US: Nike Q3 profit tumbles 47% on charges
Higher costs, lower sales in Europe and weakness at its Umbro football brand have almost halved third quarter profit at…