Nike

Nike continues to shake up leadership team under CEO Elliott Hill

The world’s largest sportswear company has lost customers by leaning too hard on selling lifestyle sneakers

Nike now expects tariffs to cost it about US$1.5 billion, compared with the US$1 billion expected earlier.

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

The company makes nearly all its shoes in countries hit with steep duties under US President Donald Trump

Lululemon’s stock has plummeted more than 50 per cent this year.

Lululemon faces new threat with debut of Nike-Kardashian line

NikeSkims offers lower prices across critical categories such as track jackets, sports bras and leggings

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

Nike profits sink but company says it is turning a corner

[NEW YORK] Nike reported sharply lower quarterly profits on Thursday, but signalled it was past the worst stage of a corporate retooling as it implements “surgical” US price increases to defray tariff...

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

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

The new brand is set to be called NikeSKIMS, and is expected to include training apparel, footwear and accessories for women

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.

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

NIKE is set to raise prices on several of its products starting next week and will also return to selling its products at online retail giant Amazon, according to media reports, as President Donald Tr...

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.

Nike lays off some workers in shakeup of technology division

Efforts to recapture growth by refocusing on sports and wholesale channels have been complicated by US President Donald Trump’s trade war and uneven spending by US consumers

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

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

Elliott Hill says that the company is resetting its priorities and that management has decided to change its structure at the top of the organisation

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

Nike, Adidas call on Trump to exempt footwear from tariffs

[NEW YORK] A trade association representing footwear producers has asked the Trump administration to consider tariff exemptions for its products, saying the levies will drive up the cost of shoes in t...

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.

Nike set to build out new Shanghai studio in China push

The company has another Icon department in Los Angeles, which produces marketing imagery and video for the company’s products