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...Investors including $244bn Dutch pension fund PGGM last week sent a letter to Nike demanding that the sportswear giant “fulfil its human rights responsibilities”, calling on the company to ensure workers...
...The British sportswear chain opened its first five US stores under the JD brand in 2018 following the $560mn purchase of Finish Line....
...Pricey branded sportswear was harder to justify with no one to see it....
...At the time of Woods’ signing, golf was little more than an accessory category for the sportswear maker....
...The changes in the running footwear market are the starkest examples of how much the sportswear industry has shifted during Donahoe’s tenure....
...Nike lowered its revenue outlook and said it plans to cut $2bn in costs over the next three years as the world’s largest sportswear maker warned of softening consumer demand, particularly in China and Europe...
...Fundraising volumes have risen, with about $3.5bn raised compared to just $500mn in the same period in 2023, according to Dealogic, but the two largest deals — sportswear maker Amer Sports and healthcare...
...The sportswear giant has had a tough run in recent quarters. An inventory glut, coupled with cooling demand in North America and uncertainty in China all weighed on the stock this year....
...Felicia Mayo, who has served as chief talent, diversity and culture officer at the world’s largest sportswear maker since July 2020, joined from Tesla in 2019....
...It was their latest contrarian bet on the difficult sector, having bought sportswear retail chain Footasylum and the owner of LloydsPharmacy in recent years....
...But Nike operates in a very different sportswear marketplace today than it did in 1996, when it first signed Woods....
...In a recent note, Houchois at Jefferies criticised Musk’s “cavalier attitude towards governance and fiduciary duties”, a record of “misallocating his own capital” and “questionable strategic and product...
...It is hoping to raise over $1bn so it can pay back a shareholder loan taken out to finance its acquisition by Chinese sportswear company Anta Sports....
...Increasingly, luxury clothes are all but indistinguishable from the casual clothes they imitate — sportswear and workwear, mostly....
...UK politicians have been accused of taking a cavalier approach to record-keeping by using easily deleted WhatsApp messages for official business after a slew of revelations this week from the official Covid...
...Although the country accounted for just under a fifth of the sportswear giant’s sales in 2020, it was one of its most profitable markets....
Consumers take advantage of discounts ahead of Christmas
...Irving, a 2016 National Basketball Association champion with the Cleveland Cavaliers, has played in Brooklyn since 2019....
...The sportswear giant reported solid revenue growth and raised its sales outlook for the year. Shares rose more than 13 per cent in response....
...There were also ’80s throwbacks — leg warmers, cavalier boots and bit-and-buckle silk scarf prints that referenced the label’s time in fashion’s hinterland — as well as hefty, desirable sacks of leather...
...Early in his tenure with the Cleveland Cavaliers, James was presented with a nine-figure offer by the late entrepreneur Robert Sillerman to buy half of the rights to James’ off-court earnings, according...
...Indeed, the story positions Nike, today the world’s largest sportswear company with revenues of about $46.7bn, as an underdog compared with then dominant brands Converse and Adidas....
...That they should have decided to break up with social media in the depths of winter seemed a little cavalier: surely there is no better thing to do in January than lie in bed and watch strangers talk you...
...In the summer of 2021, sportswear giant Nike gave employees at its head office a paid week off, to “rest and recover” from the stresses of the coronavirus pandemic....
...The world’s second-largest sportswear maker expects to take an up to €250mn hit to net profit this year, with its shares trading down almost 6 per cent on Tuesday....
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