The Business Times

Nike

Consumer & Healthcare

Nike reports surprise revenue rise amid CEO Hill’s turnaround efforts

Lululemon’s comparable sales rose 1% last quarter, short of analysts’ projections.
Consumer & Healthcare

Lululemon faces new threat with debut of Nike-Kardashian line

Nike reported profits of US$211 million in its fiscal fourth quarter, down 86 per cent from a year ago.
Companies & Markets

Nike profits sink but company says it is turning a corner

Skims has seen growing demand for its premium bras, loungewear and shapewear.
Consumer & Healthcare

Nike delays launch of women’s brand in partnership with Kim Kardashian’s Skims

Nike will increase prices on apparel and equipment for adults between US$2 and US$10, while footwear priced between US$100 and US$150 will see a US$5 hike, CNBC reported.
Companies & Markets

Nike to raise prices by next week, to return to selling on Amazon, media reports say

Nike chief executive officer Elliott Hill has made changes at the top of the organisation since coming out of retirement in October to lead the business.
Consumer & Healthcare

Nike lays off some workers in shakeup of technology division

The latest executive shifts come after many similar moves, with Hill naming new leaders for strategy, sports marketing, human resources and legal departments.
Consumer & Healthcare

Nike president O’Neill out in latest shake-up under new CEO

The letter is signed by companies including Nike, Under Armour, Puma and the US subsidiary of Adidas. 
Companies & Markets

Nike, Adidas call on Trump to exempt footwear from tariffs

Nike is looking to get closer to Chinese shoppers and recapture in a market that accounted for US$7.5 billion in annual revenue in fiscal 2024, or 15 per cent of global sales.
Consumer & Healthcare

Nike set to build out new Shanghai studio in China push

Nike works with over 100 apparel factories, footwear plants and equipment makers in Vietnam, the company has disclosed.
ASEAN Business

Nike’s 30-year gamble on Vietnam is rattled by Trump tariffs

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