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...ABN Amro declined to reveal the size of its clients’ holdings in Nike and does not intend to restrict investments in the company....
...Apple and Tesla are the latest foreign companies to feel the pain of China’s shift towards local brands. Sales of Nike and Adidas clothing have yet to return to their 2021 peak....
...“I had a lot of fun building these characters and telling a story through their clothing,” says Antoinette. “It was a way to let everybody know this is the early ’80s, before Nike got cool.”...
...(Simon Mundy) Just do it: factory workers in Asia hold Nike to account Since the pandemic outbreak threw Nike’s business plans into disarray in early 2020, the clothing group has bounced back in fine form...
...North America performed particularly strongly for Nike. Sales of footwear in the region rose 39 per cent, equipment 26 per cent and clothing 14 per cent....
...A version of this article was first published by Nikkei Asia on June 3, 2023. ©2023 Nikkei Inc. All rights reserved....
...This article has been updated to clarify that Higg Inc has rebranded as Worldly, not the Higg Index as incorrectly stated in a previous version. ...
...Tighter fuel supplies, most of which are imported, are also becoming an urgent issue. Withdrawing responsibly is a challenge for global companies....
...Ann Miller General counsel, Nike In addition to leading the legal team at Nike, Ann Miller is responsible for government affairs, social and community impact, and the resiliency team, which addresses business...
...said Jamie Iannone, the chief executive of eBay, pointing down to the pair of pristine, custom-made Nike trainers on his feet....
...Two of the biggest US retailers have eased concerns of a recession, reporting resilient consumer spending even though sharp food and fuel inflation are weighing heavily on their customers....
...He said the company had made “good progress” clearing inventory in “hardline” or consumer durable categories such as appliances and furniture but was having to increase markdowns on clothing in its US stores...
...Shares in US retailers were sharply down on Tuesday after Walmart issued its profit warning — its second in 10 weeks — as its customers held back from purchases such as clothing....
...RTFKT was acquired by Nike in December for an undisclosed sum....
...A version of this article was first published by Nikkei Asia on July 19. ©2022 Nikkei Inc. All rights reserved....
...In the past two decades, prices have fallen as companies switched to fossil-fuel-based synthetic fabrics, which tend to cost less than cotton, and offshored production to Asia, which became the top exporter...
...Companies including Nike and H&M previously faced questions about Xinjiang cotton used in their products....
...Days earlier, analysts had been touting such companies as defensive shelters from the storm in tech stocks that had slashed the valuations of companies from Amazon to Netflix....
...Three industry groups for non-alcoholic drinks makers last month called on the European Commission to give them access to recycled bottles ahead of other sectors such as clothing....
...The collaboration was the highest-profile of a suite of collaborations that helped Adidas court American shoppers and gain on Nike....
...But it is also one dominated by the likes of Nike, Lululemon and Under Armour....
...It sparked anger from Chinese social media users and the company’s local commercial partners. Wang Yibo, a Chinese pop star and a brand ambassador for Nike, said he was cutting ties with the company....
...For industrial companies, it means rethinking fuels, replacing machines and commodity choices....
...a person close to the company....
...Like North Face, Patagonia said it only wanted its clothing to be linked with like-minded companies....
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