Nike

Nike ends initiative that offered employees a week off for wellness

Nike's annual "Wellness Week," had been held each August, with the world's largest sportswear company powering down its corporate headquarters in Beaverton, Oregon, to give staff more time to unwind

Ester-Loop JV signs pact with Nike for supply of sustainable material

Ester Loop Infinite Technologies, a joint venture of Ester Industries and Canada-based Loop Industries, on Monday announced that it will supply sustainable materials to athletic footwear and apparel brand Nike as part of a multi-year agreement. Under the agreement, Loop will supply Twist, its virgin-quality circular polyester resin made exclusively from textile waste, establishing Nike as the anchor customer for the Infinite Loop India manufacturing facility which is being constructed in partnership with Ester Industries, a statement said. "Nike has signed on as the anchor customer for the Infinite Loop India manufacturing facility multi-year offtake agreement secures supply of Twist, Loop's branded, virgin-quality polyester resin made exclusively from textile waste," it said. Loop's Twist resin, a verifiable textile-to-textile solution, will be used to reduce the usage of virgin and recycled flake polyester across Nike's product lines. "Our agreement with Loop Industries marks a .

Running for top spot, Japan's ASICS eyes Nike and Adidas' turf in India

It has carved out a product and pricing strategy for every city based on its market potential

Nike to cut China output by 2026 as Trump tariffs threaten $1 billion hit

Nike plans to reduce China-made shoe imports to the US as tariffs rise; firm bets on running category rebound and price hikes to offset projected $1 billion cost from Trump's trade policies

Nike's best foot forward: How Sonny Vaccaro changed the game forever

The movie Air ensured Sonny Vaccaro would forever be known for the Jordan-Nike signing, but his autobiography makes clear it didn't define him

Trump's tariff effect: How Vietnam turned into Nike's Achilles' heel

US sportswear brand Nike faces a significant impact from Trump's 46 per cent tariff on Vietnamese goods, where half of its shoes are made, potentially leading to price hikes for consumers

Economic Survey lauds Tamil Nadu's moves to attract global majors like Nike

The survey also highlighted the state's innovative public education scheme Illam Thedi Kalvi (Education at Doorstep)

Apple CEO Tim Cook's other job is to help Nike turn things around

During his tenure, he's been a sounding board on issues ranging from China to technology operations to appointing key new executives, according to current and former Nike and Apple employees

As Nike struggles, Adidas must surf Samba, Gazelle wave with caution

At half-year results on July 31, Adidas CEO Gulden said the brand was still 'chasing demand' from retailers, but, more than a year into the trend, the Samba won't remain the 'it shoe' for much longer

Nike withdraws annual revenue forecast, signals weak holiday season

Analysts say the company is yet to see benefits from its drive to fast-track innovation and revive demand through new product launches like Air Max Dn and Pegasus 41

Nike veteran Elliott Hill to replace John Donahoe as CEO; shares jump

Hill was at Nike for 32 years and held senior leadership positions across Europe and North America where he helped expand the business to more than $39 billion, the company said

Nike bets on Olympics marketing spending to revive slumping sales

It's all hands on deck after Nike's shares had their worst day on record in June, when management told investors revenue is expected to decline this fiscal year

Nike stock sinks 18.6% as gloomy sales forecast fans growth concerns

If current losses hold, Nike's shares were set for their worst day in more than two decades and wipe out nearly $27 billion in market value

Meet 40-yr-old Dutchman who gets Nike and Lego into wartime Russia's stores

The man who got Nike shoes to Russia amid war is Wijnand Herinckx, a 40-year-old Dutch citizen who lives in Moscow

China's fake-fashion retailers thrive on TikTok, Reddit and Discord

In a video posted to his TikTok channel and viewed by nearly 2 million people, King unwrapped £2,000 (​​$2,488) worth of seemingly high-end Nike shoes, new in their boxes

Nike pins hopes on Olympic Games in Paris to win back market share

Nike spotlighted its 'Air' cushioning technology, used in everything from marathon shoes to sneakers, and its knit materials that make shoes lighter

Nike deal ends German soccer's 70-year long relationship with Adidas

German soccer and Adidas are breaking up. American sportswear giant Nike will supply all of Germany's national teams with its apparel and equipment from 2027, the German soccer federation (DFB) surprisingly announced Thursday. The new deal extends to 2034 and ends Germany's long-standing relationship with Adidas, which goes back some 70 years and had appeared unshakeable. Germany's men's team is using Adidas' headquarters in Herzogenaurach, near Nuremberg, as its team base for the European Championship, which Germany is hosting this summer. Adidas appeared to be surprised by the DFB's decision to switch to its biggest rival, only confirming in a brief statement: We were informed by the DFB today that the association will have a new supplier from 2027. German teams wore Adidas gear for all four of the men's World Cup titles, their three European titles, and the women's two World Cup and eight European titles. The DFB later defended its switch to the American kit supplier. We unde

Puma expects weaker first half due to 'challenging' market conditions

Sportswear companies including Adidas, Nike, and Puma, have seen demand weaken as customers battling with inflation cut spending on non-essential goods

Nike to cut about 2% of total workforce to lower costs as demand weakens

Nike had in December outlined a $2 billion savings plan over the next three years, which included tightening the supply of some products and reducing management layers

Nike to slash global workforce by 2% as sportswear giant seeks savings

That sparked a slump in Nike's shares, which have struggled to recover and remain down about 2% this year