Nike

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. 

Nike eyes 500 layoffs at Oregon HQ

Nike, after disclosing a rare money-losing quarter in June, announced layoffs that will eliminate at least 500 jobs at the company’s world headquarters in Oregon, according to reports.