Nike’s sales remain flat as China weakness drags on annual results
For the year ended 31 May 2026, the Nike Brand’s revenues reached $45.2bn, a 1% increase on a reported basis.…
Nike
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Nike slapped with consumer lawsuit over unreturned tariff-related charges
The proposed class action was filed in federal court in Portland, Oregon, on 8 May 2026. As per the lawsuit,…
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Nike to streamline operations with supply chain shake up
In a memo detailing the changes, Nike’s chief operating officer Venkatesh Alagirisamy said the company was creating a “leaner, faster,…
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Deal or no deal: Authentic Brands sets sights on Nike-owned Converse
Nike’s Q3 financial results sent the deals rumour mill into overdrive: Is it mulling a sale of Converse? Officially, no,…
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Nike flat Q3 sales show ‘struggles run deep’ say experts
During the quarter ended 28 February 2026, the company recorded revenues of $11.3bn, reflecting a 3% decrease when adjusted for…
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Nike Q2 profit sinks as brands struggle to compete in China
Sales were lacklustre, Nike booking a 1% increase to $12.4bn primarily due to growth in North America, partially offset by…
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Nike, Lacoste, Superdry ads blocked in UK over misleading green claims
According to the ASA, all three brands published paid Google ads that included phrases like “sustainable clothing” or “sustainable materials,”…
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Loop signs multi-year agreement with Nike for recycled polyester resin
As part of a multi-year offtake agreement between the partners, Nike will receive Loop’s circular polyester resin produced exclusively from…
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Syre, Nike partner to scale circular polyester
The multi-year agreement sees Syre become Nike’s lead strategic supplier for textile-to-textile recycled polyester. The partnership reflects Nike’s commitment to…
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Nike, Adidas hold UK sportswear top spots as demand shifts to kids
GlobalData’s report shows that although Nike maintained its position as the UK’s leading sportswear brand, it is expected to see…
