Nike beats profit estimates, to boost focus on running Nike topped Wall Street estimates for first-quarter profit last night as higher prices of its runners and apparel helped offset a hit from waning demand … Business • 29 Sep
Pocket-bra inventor sues Nike over sports bra line Nike was sued in Boston federal court yesterday by an inventor who claims the Beaverton, Oregon clothing giant stole her technology for a line of … Business • 18 Jul
Nike's gloomy forecast puts spotlight on US slowdown Nike forecast first-quarter revenue below Wall Street expectations as cost-conscious consumers in North America cut back on runners and sports clothing purchases overshadowing a strong … Business • 30 Jun
Nike opens new store in Dublin's Blanchardstown Centre Nike Unite, the latest retail concept from sports brand Nike, has today opened its doors at Blanchardstown Centre in Dublin. Business • 18 May
Nike raises full year revenue outlook Nike has raised its full-year revenue outlook after reporting quarterly results that beat estimates, but warned of margin pressures as it continues to get rid … Business • 22 Mar
Nike to drop use of kangaroo skins for its shoes Nike said it will stop using kangaroo skins for its shoes this year, weeks after a similar step from German rival Puma, which would end … Business • 15 Mar
What happens when brand partnerships go right and wrong It's not a movie about the greatest basketball player of all time, it's a movie about the most lucrative partnership deal between an athlete and … Business • 06 Mar
Nike to open store in Dundrum Town Centre Sports fashion brand Nike is to open a new store in Dundrum Town Centre in Dublin. Business • 28 Feb
Nike beats estimates boosted by discounts, promotions Nike has reported its best quarterly revenue growth in more than a decade barring one quarter and handily beat profit expectations, as North American shoppers … Business • 21 Dec 22
Adidas ends Kanye West partnership over hate speech Adidas is terminating its partnership with Kanye West immediately, the sporting goods maker said today, reacting to a rash of offensive behaviour from the American … Business • 25 Oct 22
Nike skids after warning on squeeze from discounts Nike has cautioned that gross margins would remain under pressure through the year as the world's largest sportswear maker joined peers in warning of a … Business • 30 Sep 22
Russia pauses asset seizure law for exiting firms Moscow's plan to implement a new law enabling authorities to seize the assets of Western firms leaving the country failed to get through parliament before … Business • 12 Jul 22
Nike to fully exit Russia over coming months US sportswear maker Nike is making a full exit from Russia, three months after suspending its operations there, the company said in an emailed statement … Business • 23 Jun 22
Nike ends sponsorship deal with Spartak Moscow Nike has terminated its sponsorship deal with Russian Premier League club Spartak Moscow because they will not be taking part in European competitions next season, … Business • 13 May 22
Nike runs past manufacturing setbacks as sales jump Nike said that manufacturing issues pinching sales over the past six months were now behind it, positioning the company to take advantage of surging demand … Business • 22 Mar 22
Nike and IKEA close Russian stores as sanctions bite Nike and home furnishings firm IKEA have shut down stores in Russia as trade restrictions and supply constraints added to political pressure for companies to … Business • 04 Mar 22
Peloton surges on reports of interest from Amazon, Nike Peloton Interactive's shares jumped by 22% in premarket trade today after reports of takeover interest from Amazon.com and Nike in the exercise bike maker that … Business • 07 Feb 22
Nike cuts its full-year sales estimate Nike has cut its fiscal 2022 sales expectations and said it expects delays during the Christmas shopping season, blaming a supply chain crunch that has … Business • 24 Sep 21
Nike loses fight against EU probe into Dutch tax deal US sportswear maker Nike has today lost its fight to stop a probe into its Dutch tax affairs, as Europe's second-highest court backed an EU … Business • 14 Jul 21
Nike seeing strong post-lockdown demand Nike has forecast fiscal full-year sales ahead of Wall Street estimates, betting on its online business, higher demand as lockdowns ease, and its tried-and-tested strategy … Business • 25 Jun 21
Nike's China sales in spotlight after Xinjiang backlash All eyes will be on Nike's sales forecast for China as it reports quarterly numbers against the backdrop of calls to boycott global brands in … Business • 24 Jun 21
Neymar says Nike sexual assault claim an 'absurd lie' Brazilian footballer Neymar said that Nike's claim it parted ways with him last year over an employee's accusation he sexually assaulted her was an "absurd … Business • 28 May 21
Adidas ups outlook despite lockdowns, supply chain woes German sportswear company Adidas has today raised its 2021 sales outlook, saying it expects strong demand for new products despite ongoing lockdowns in Europe, supply … Business • 07 May 21
Nike launches lawsuit over customised 'Satan Shoes' Sportswear brand Nike is to sue an art collective over a pair of customised runners that were inspired by a music video. News Lens • 31 Mar 21
Nike faces backlash in China over Xinjiang comments China has launched a PR war on Western brands critical of rights abuses in Xinjiang, with celebrities severing ties with Nike. World • 25 Mar 21
