Nike to fully exit Russia
Retail giant Nike has decided to fully exit Russia following the country's invasion of Ukraine. The company said it would scale down operations there.
Nike won't renew franchise agreements in Russia: report
Nike has reportedly not renewed franchise agreements in Russia. The athletic clothing brand announced it would temporarily suspend operations at all its Nike-owned and -operated stores there due to Russia's invasion of Ukraine.
NBA owners under the microscope over billions tied to China: report
The NBA's relationship with China has been placed under the microscope.
Nike unveils new Serena Williams Building: 'It is beyond an honor'
Sports retail giant Nike honored 23-time Grand Slam champion Serena Williams on Wednesday, unveiling its largest office building at the Nike World Headquarters in Oregon and naming after the tennis superstar.
Tiger Woods explains shoe choice despite Nike endorsement deal
Tiger Woods' equipment was thrust into the spotlight during his practice rounds.
Nike, Bryant estate reach deal to resume partnership: report
Vanessa Bryant and Kobe Bryant’s estate has reached a new deal with Nike, allowing his signature shoes to once again be produced by the company, reports said.
Nike’s supply-chain snags bring pain to sneakerhead shops
Retailers say Nike and other sneaker companies have delayed deliveries of shoes amid supply-chain issues.
Nike joins Amazon on list of potential Peloton suitors: report
Sports apparel maker Nike is in the early stages of a possible pursuit of exercise bike maker Peloton, according to a report.
WNBA raises $75M from group including Nike, Condoleezza Rice to revamp League
The Women’s National Basketball Association has raised $75 million from a group of investors that includes Nike Inc., businessman Michael Dell, and former U.S. Secretary of State Condoleezza Rice in an effort to revamp the league.
Nike cries foul over virtual shoes, suing retailer that sells sneaker NFTs
Sneaker giant Nike sued online reseller StockX in New York federal court on Thursday for selling unauthorized images of Nike shoes, marking the latest lawsuit over digital assets known as non-fungible tokens.
Beijing Olympics: Nike won't say where Team USA's podium uniforms made
Team USA Olympians and Paralympians will be sporting Nike apparel on the winner’s podium at the Beijing Winter Olympics, but the company is staying mum on where the outfits are manufactured.
Nike sues Lululemon over Mirror Home Gym, apps
Nike Inc on Wednesday filed a lawsuit accusing Lululemon Athletica Inc. of patent infringement for making and selling the Mirror Home Gym and related mobile apps without authorization.
Michael Avenatti requesting new trial in Nike case
Disgraced former attorney Michael Avenatti is requesting a new trial after he was convicted last year of trying to extort up to $25 million from NIke by threatening to go public with corruption allegations and cause billions of dollars in valuation losses.
Travis Scott's Nike sneaker launch postponed following Astroworld tragedy
Travis Scott's upcoming collaboration with sneaker giant Nike has been postponed in the wake of the Astroworld tragedy.
Prosecutors urge prison for Michael Avenatti in Nike case
New York prosecutors urged a judge Friday to order California lawyer Michael Avenatti to begin serving a 2 1/2-year prison term, more than a year after he was convicted of trying to extort up to $25 million from Nike.
Celtics' Enes Kanter doubles down on accusing Nike of using 'slave labor' from China to make shoes
Boston Celtics center Enes Kanter has doubled down on accusing Nike of using Chinese "slave labor" in the making of the company's shoes.
Celtics' Enes Kanter torches Nike for remaining 'silent' on China's slave labor
Boston Celtics center Enes Kanter torched Nike in a Twitter video on Monday, lambasting the company for remaining "silent" on slave labor in China.
Cargo piles up as California ports jostle over how to resolve delays
Nike Inc. doesn’t have enough sneakers to sell for the holidays. Costco Wholesale Corp. is reimposing limits on paper towel purchases. Prices for artificial Christmas trees have jumped 25% this season.
Rubio targets 'woke' companies with new bill granting more shareholder power to fight back
Florida Republican Sen. Marco Rubio introduced a bill this week that aims to challenge corporate spending of shareholder dollars for causes he described as “woke” social policy actions.
Nike’s revenue pinched by supply-chain disruptions
The COVID-19 pandemic has caught up with Nike Inc. The sneaker giant’s revenue growth is being limited by supply-chain disruptions that have slowed the production and delivery of shoes and other goods around the world.