Nike Falls Below $100 Billion in Value as Turnaround Sputters Nike, the renowned activewear brand, is facing a turbulent period as its shares plummeted by as much as 9.3 percent following a disappointing earnings report. This decline has pushed the company’s value below the $100 billion mark, raising concerns among investors and industry experts. The […]
Nike Comeback Bid Is Threatened by Inventory Reset, Tariffs
Nike’s Comeback Bid Faces Challenges from Inventory Reset and Tariffs Nike, the iconic activewear brand, is currently facing a turbulent period as it navigates through a challenging landscape of inventory issues and tariffs. The company’s shares recently took a hit, dropping nearly 5 percent following a concerning statement made by CFO Matthew Friend during Nike’s […]
Nike Sales Beat Estimates in New CEO’s First Full Quarter
Nike Sales Beat Estimates in New CEO’s First Full Quarter In a surprising turn of events, Nike has managed to exceed sales estimates in the first full quarter under the leadership of its new CEO. Despite facing challenges due to the ongoing global pandemic, the sportswear giant reported a revenue of $11.3 billion for the […]
Pakistan prepares to legalise cryptocurrency trading
Pakistan Prepares to Legalize Cryptocurrency Trading Pakistan is on the brink of a significant financial shift as it gears up to legalize cryptocurrency trading. With an estimated 15 to 20 million crypto users in the country, the decision to embrace digital assets marks a pivotal moment in Pakistan’s economic landscape. This move not only reflects […]
Nike’s Top Strategy, Communications Officers Exit in Shakeup
Nike’s Top Strategy, Communications Officers Exit in Shakeup In a recent shakeup at Nike, the sportswear giant’s top strategy and communications executives are bidding farewell to the company. This move adds to the list of senior leadership changes that have been taking place under the guidance of CEO Elliott Hill, who made a grand return […]
This Week: Will Nike Show the First Steps of a Turnaround?
This Week: Will Nike Show the First Steps of a Turnaround? Nike, the sportswear giant, is gearing up to report its first full quarter under the leadership of new CEO Elliott Hill. The company is on a mission to stage a remarkable comeback after facing challenges in the recent past. With Hill at the helm, […]
Nike Launches New Fitness Brand With Kim Kardashian’s Skims
Nike Partners with Kim Kardashian’s Skims to Launch New Fitness Brand Nike, a global leader in athletic apparel, has recently joined forces with Kim Kardashian’s highly successful brand, Skims, to introduce a groundbreaking line of fitness wear designed specifically for women. This collaboration marks a significant milestone in the fashion and fitness industries, as two […]
Why Can’t Fashion Fix its Links to Forced Labour?
Fashion’s Struggle with Forced Labour: The Case of Patagonia, Nike, and Lululemon For years, fashion brands have grappled with the dark reality of forced labor within their supply chains. Companies like Patagonia, Nike, and Lululemon have made significant efforts to tackle this issue head-on, particularly in key fabric suppliers in Taiwan. Despite their ongoing initiatives, […]
Deckers Outdoor Raises Annual Net Sales Target for Second Time on Robust Demand
Deckers Outdoor Raises Annual Net Sales Target for Second Time on Robust Demand Deckers Outdoor Corp, the parent company of popular footwear brands like UGG and Hoka One One, has recently announced an upward revision of its annual net sales target for the second time this year. This decision comes on the heels of robust […]
The Debrief | The Evolving Art of Brand Collaborations
The Debrief | The Evolving Art of Brand Collaborations In today’s competitive market, brands are constantly seeking new ways to capture the attention of consumers who are becoming increasingly savvy. One strategy that has proven to be successful in cutting through the noise is brand collaborations. This week’s Debrief explores the current state of collaborations, […]