Nike announced Monday it will launch a program to refurbish old shoes in an effort to “reduce its waste footprint.”
Nike said Thursday that it has settled a lawsuit against the New York City company behind the “Satan Shoes” promoted by Lil Nas X in a collaboration.
Nike’s request for a temporary restraining order against the Brooklyn-based company MSCHF selling “Satan Shoes” in collaboration with the rapper Lil Nas X has been approved.
Nike on Monday filed a lawsuit against MSCHF over its controversial “Satan shoes” collaboration with rapper Lil Nas X.
White House Press Secretary Jen Psaki on Friday indicated the Biden administration was prepared to stand up to China’s efforts to “weaponize” private companies’ dependence on its markets in order to censor free speech.
Hayman Capital Management founder and CIO Kyle Bass warned that “we got to stop doing business" with the Chinese Communist Party, which he referred to as the "evil regime.”
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.
The social media fallout comes as relations between the United States and China have deteriorated in recent years
Sotheby's is auctioning off a number of rare Nike brand sneakers, including those promoted by major players in entertainment.
Nike reported net income of $1.4 billion, or 90 cents per share, compared with $847 million, or 53 cents per share, a year ago.
Despite being reported to Nike’s Loss Prevention team on multiple occasions, Joe Hebert was reportedly never investigated.
Nike said it plans to announce a new head of its North American geography "shortly."
Fanatics Inc, the world’s biggest licensed sports merchandise retailer, said on Thursday it was expanding into China via a venture with private equity firm Hillhouse Capital Group, as the e-commerce platform considers a possible public listing.
Nike and other prominent sponsors expressed concern for golf legend Tiger Woods after he was seriously injured in a single car crash in Los Angeles County on Tuesday morning.
A growing list of businesses are pausing or reviewing political contributions in response to efforts against the certification of the Electoral College and the Capitol riot by a group of Trump supporters that followed.
Sportswear giant reports higher profit and revenue, boosted by China and 84% jump in digital sales
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.
The move comes during a holiday season when retailers are increasingly dependent on delivery companies to move online orders as store traffic plummets during the coronavirus pandemic, a dynamic that has shifted power significantly.
The Uyghur Forced Labor Prevention Act passed the House by a 406-3 vote in September
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.