Nike

Nike denies using textiles from Uyghur Muslim camps in China

Nike on Wednesday denied the company was using any type of textiles or spun yarn from the Xinjiang Autonomous Region (XUAR), where China has been accused of holding Uyghur Muslims and other ethnic minorities in forced labor camps.

Nike, Michael Jordan's brand sign UCLA sponsorship deal

Under the six-year sponsorship agreement in principle, Nike will supply uniforms, footwear, apparel and equipment to 22 of UCLA's 25 varsity athletic teams, while the Jordan Brand will outfit the college's Bruins football team and men's and women's basketball programs with its "Jumpman" product.

Nike to cut 700 jobs at its Oregon headquarters by 2021

Approximately 700 employees at Nike's world headquarters in Beaverton, Oregon will be impacted by its "permanent reduction of workforce" by Jan. 8, 2021, according to an updated WARN notice issued to the Oregon Higher Education Coordinating Commission's Office of Workforce Investments on Monday.

Nike to cut ties with several big retailers in favor of direct to consumer move

As part of Nike's Consumer Direct Offense strategy, the company will no longer sell to nine major wholesale retail partners including Belk, Dillard’s, Zappos, Boscov’s, Bob’s Stores, Fred Meyer, EBLens, VIM and City Blue, according to a note to investors by Susquehanna Financial Group analyst Sam Poser.