Nike sees year-over-year increase in revenue, drop in net income for third quarter
Nike’s results for the fiscal 2023 third quarter came out Tuesday afternoon and showed revenue rising and net income dipping compared to the same period last year.
Credit Suisse and banking crisis, Fed meeting, Nike earnings top week ahead
The future of First Republic Bank and Credit Suisse will dominate the headlines in the coming week ahead of the Federal Reserve's decision on interest rates.
Nike to stop using kangaroo skins for its shoes in 2023
Nike has announced that it will end the practice of using kangaroo skins in the production of its shoes.
March Madness: How many teams sponsored by Nike, Adidas and Under Armour are in the tournament?
The March Madness basketball tournament gets underway this week, and while teams compete on the court, apparel brands like Nike, Under Armour and Adidas compete for exposure.
Sotheby's 'The Dynasty Collection' presents Michael Jordan's game-worn sneakers in all 6 NBA championships
Sotheby's has curated the ultimate Michael Jordan tribute in "The Dynasty Collection," which is six individual sets of sneakers he wore in the final game of each NBA win.
Nike faces onslaught of thefts from the warehouse to retail shelves
Nike is seeing theft crimes ranging from criminals targeting shipments of merchandise on trains, trucks and at warehouses, to thieves walking out of retail stores with apparel.
Nike closing downtown Seattle store amid crime wave
Sneaker giant is leaving downtown Seattle, Washington amid crime concerns and post-pandemic shopping woes as the city struggles to bounce back from the pandemic.
Entrepreneurs make billions in sneaker resale market, build collectible kicks empire
Impossible Kicks co-founder and CEO John Mocadlo says "you'd really be surprised" how clients young and old are investing in the sneaker resale market as a new kind of "asset class."
Nike's second quarter earnings show revenue growth amid uncertainty for retailers
The athletic retailer Nike saw its revenue increase and beat prior expectations, according to the company's earnings report for the second quarter.
Nike sales may soar as discounts draw shoppers; margin squeeze looms
Nike weathers recession storm this holiday season. China's full court press on COVID could not keep Nike from a final quarter comeback before Christmas.
Nike, Kyrie Irving part ways after antisemitism controversy
Brooklyn Nets star Kyrie Irving and Nike parted ways weeks after the NBA point guard's controversy over the promotion of a movie that spreads antisemitic disinformation.
Portland Nike store abruptly closes after brazen shoplifting incidents
The Nike Community Store in Portland, Oregon, has been closed for weeks after an increase in crime, according to local media, with no indication on when the store will reopen.
Odell Beckham Jr. files lawsuit against Nike claiming the loss of millions
Super Bowl champion Odell Beckham Jr. has filed a lawsuit against Nike, alleging that the company failed to "honor its commitments," resulting in the loss of millions.
Nike's Phil Knight suggests company's relationship with Kyrie Irving is over: 'I would doubt we go back'
Nike co-founder Phil Knight suggested Thursday the company's relationship with Kyrie Irving is over following the star's antisemitism controversy.
Nike suspends relationship with Kyrie Irving amid antisemitic controversy
Nike announced it has suspended its relationship with Kyrie Irving of the Brooklyn Nets and will not release his new sneakers, which were expected to debut this month.
LeBron James' son, other rising basketball stars sign Nike NIL deal
Bronny James, the son of LeBron James, was one of five basketball players that signed an NIL deal with Nike. The company announced it on Monday.
Nike co-founder now backs Republican in Oregon governor race
The latest donation makes it likely Republican gubernatorial candidate Christine Drazan will have the money she needs in the final weeks of campaigning.
Kanye West erupts after Adidas puts Yeezy partnership 'under review' following 'White Lives Matter' statement
Kanye West took to social media to express his frustration with Adidas, after the company announced it would be reviewing their current business partnership.
Nike shares fall, ALS drug approved and more: Friday's 5 things to know
Traders will be watching how Nike shares move after following quarterly results. They'll also be eyeing the latest income and spending numbers from the Commerce Department on Friday.
North Carolina woman sends cake with edible resume to Nike for job application
Job-seeker Karly Pavlinac Blackburn sent a cake with her resume printed on it with edible ink as a creative way to catch the attention of Nike, the company she hopes to work for.