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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 a sportswear brand ever.

Business • 06 Mar 23

The store will be the first Nike Live outlet in Ireland

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 23

Nike said its quarterly revenue jumped 17% to $13.32 billion, beating an average estimate of $12.57 billion

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 rushed to stock up on runners and sportswear before Christmas.

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 rapper and designer.

Business • 25 Oct 22

The company's shares, already one of the worst performing Dow components for the year, fell 10% in extended trading.

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 blow from ramped up discounts and a rapidly strengthening dollar.

Business • 30 Sep 22

Western companies, including Nike and Cisco, accelerated their departures in recent weeks amid speculation that the new laws were imminent.

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 the summer recess, giving companies more time to negotiate exits.

Business • 12 Jul 22

Last month Nike terminated its sponsorship deal with Russian Premier League club Spartak Moscow because they will not be taking part in European competitions next season.

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 today.

Business • 23 Jun 22

Spartak Moscow has been sponsored by Nike since 2005

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, the company and the club said.

Business • 13 May 22

Nike said its revenue in Greater China fell 8% in the third quarter

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 for sports shoes and clothing.

Business • 22 Mar 22

Nike said it was 'deeply troubled by the devastating crisis in Ukraine'

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 stop business in Russia because of its invasion of Ukraine.

Business • 04 Mar 22

The potential offers come at a time Peloton's shares are trading near two-year lows

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 recently lost a majority of its share gains made during the pandemic.

Business • 07 Feb 22

Nike is blaming a supply chain crunch that has left it with soaring freight costs and products stuck in transit for its lower sales targets

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 left it with soaring freight costs and products stuck in transit.

Business • 24 Sep 21

Nike has lost its fight to stop a probe into its Dutch tax affairs

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 investigation opened two years ago.

Business • 14 Jul 21

Nike's Chinese revenue of $1.93 billion missed expectations of $2.22 billion, the company said

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 of limiting stock for popular products.

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 the country for their comments on alleged human rights abuses in Xinjiang.

Business • 24 Jun 21

Neymar currently plays for Paris St Germain

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 lie".

Business • 28 May 21

Adidas said it is expecting strong demand for new products despite ongoing lockdowns in Europe, supply chain challenges and political tensions

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 chain challenges and political tensions.

Business • 07 May 21

The black Nike Air Max 97s have been customised to feature a bronze pentagram, a Bible verse referring to Satan's fall and a drop of human blood mixed with red ink in the midsole (Pic: MSCHF website)

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's flagship store on Wangfujing Street in Beijing

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

Nike said its quarterly revenue rose to $10.36 billion from $10.1 billion

Nike sales hit by pandemic and shipping issues

Nike's quarterly sales missed estimates due to shipping issues and a pandemic-related slump at brick-and-mortar stores.

Business • 19 Mar 21

Nike's brick-and-mortar sales have fallen since the Covid-19 pandemic began, but online sales have soared 82% higher

Nike beats profit estimates as online sales soar 82%

Nike's online sales in North America drove quarterly profit and revenue ahead of Wall Street estimates and led the world's largest athletic shoe maker to forecast better than expected sales for the year.

Business • 23 Sep 20

Nike was hurt by closures of department and retail stores due to lockdowns spurred by the Covid-19 pandemic

Nike posts surprise loss as Covid hits wholesale unit

Nike has reported an unexpected quarterly loss - its first in more than two years - hurt by closures of department and retail stores due to lockdowns spurred by the Covid-19 pandemic.

Business • 26 Jun 20