Nike

Nike slashes 775 jobs in US to speed up automation, boost profit

The sportswear brand has undergone several rounds of layoffs in recent years

The changes reshape Nike’s regional leadership at a time when the company is working to revive growth.

Nike reshuffles regional leadership as it looks to strengthen key markets

SPORTSWEAR giant Nike said on Tuesday it had appointed new leaders for its Europe, Middle East and Africa (EMEA), Greater China as well as Asia Pacific and Latin America regions, as it works to rebuil...

An image posted by President Donald Trump on his Truth Social account shows what he says is President Nicolas Maduro of Venezuela, blindfolded and handcuffed, on board the USS Iwo Jima on Jan. 3.

Maduro’s Nike tech sweatsuit was bound to become a meme

After Trump shared an unverified photo of Maduro in US custody, online chatter fixated on his clothes

The purchase comes just days after Nike reported weaker quarterly margins and sluggish sales in China.

Nike climbs as Apple’s Tim Cook buys US$3 million in stock

[NEW YORK] Nike shares ticked up 2 per cent in premarket trading on Wednesday (Dec 24) after Apple CEO Tim Cook bought nearly US$3 million worth of the sportswear maker’s stock.

Nike was less promotional on Singles Day and was reducing sales events for spring and cutting down on summer buys in an attempt to improve full-price sales.

Nike’s China conundrum deepens as turnaround stagnates

Nike’s stock is down 13% so far this year, on track for a fourth straight year of declines

CEO Elliott Hill has been trying to get the company back on track and re-establish its authority in the sportswear market.

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