Nike News
Nike recently reshuffled its top leadership and promoted experienced executives to key roles on its Senior Leadership Team.
As of May 31, 2023, Nike employed approximately 83,700 workers globally.
Nike has announced to cut hundreds of jobs.
Nike hasn’t witnessed a substantial sales surge in 2023.
The share prices of Nike fell 10 percent after hours of trading.
Facing a downturn in sales over the past year, Nike disclosed that the layoffs are a response to the need for organizational streamlining.
Phil Knight enjoys watching LeBron James' record-breaking moment sans camera at Stadium.
James peeps Kareem Abdul-Jabbar to become the all-time top scorer in NBA history.
Fans gathered to click the moment at stadium during the match.
Dan Wieden died on September 30 aged 77
He co-founded Wieden+Kennedy with Davind Kennedy
Wieden was born in Poland on March 6, 1945
Continue reading to know more about what Toyota, Samsung, Nokia, LG, Lamborghini & many more well-known brands used to sell in their early phase.
Nike said on March 3 it would temporarily suspend operations at all its Nike-owned and -operated stores in Russia in response to Moscow's actions in Ukraine, adding that those still open were operated by independent partners.
More than 400 employees will reportedly be affected.
Apple Inc, Nike and Dell Technologies, have severed connections with Russia.
Meta Platforms Inc and Google have also taken measures to restrict Russian state media from making money off ads on their platforms.
Running coach Alberto Salazar got his appeal for a lifetime ban due to sexual misconduct rejected by the US center for SafeSport.
This development comes ahead of the employee's return to the office.
This week-long holiday would only be given only to the employees of Nike's corporate offices.
The workers in retail offices will continue to do their work.
Rapper Lil Nas X recently released a music video titled 'Montero (Call Me by Your Name)' which has gone viral
The video shows the rapper embracing his queer identity and seductively dancing with Satan
Earlier, Nike had filed a lawsuit against the rapper for launching a customized version of the Nike Air Max 97s with human blood in its sole
Claiming trademark infringement, Nike had asked a federal court in New York to stop MSCHF from selling the shoes.
The design of the shoes has offended conservatives and religious followers and they had criticised the rapper and art collective.
Nike had informed the US District Court for the Eastern District of New York that it has not approved or authorised the customised Satan Shoes.
American rapper Lil Nas X has stirred controversy after he launched controversial 'Satan Shoes'.
The limited-edition shoes were priced at over Rs 74,834 pair each.
Only 666 pairs were made with blood and hellish themes.
German global sports company PUMA on Saturday announced that the company has managed to ink a long-term deal with Brazilian striker Neymar Jr.
With this, Neymar`s 15-year-long association with Nike has also come to an end. The company had signed on with the Brazilian striker when he was just 13-years-old.
As a result, Neymar will now be seen sporting the legendary PUMA KING football boot. He will be a brand ambassador off-pitch for the company as well.
Big brands have quit Amazon's platform due to sales of counterfeit products and unauthorised sellers which undermines the value of the original brands.
The Japanese, who had previously been tied to rival Adidas, will first wear Nike gear at the Stuttgart Grand Prix later this month, the U.S. sportswear maker said on its website.
Sportswear maker Nike Inc and video game maker Electronic Arts Inc and said on Thursday they were concerned about rape allegations against Cristiano Ronaldo, one of the world`s best football players.
The World Cup final on Sunday will not only be an all-European affair but an all-Nike match. For the first time in its history, the American sportswear manufacturer will be providing the kit for the two finalists, France and Croatia.
Nike announced they have been forbidden from providing football boots to Iran national team on account of sanctions imposed by United States
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