Nike

Nike Q1 revenues climb 16% to £8.9bn

Nike has announced that group revenues increased 16% year-on-year to $12.2bn (£8.9bn) in Q1 FY22. The global retailer also revealed…

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Nike Q4 revenues surge 96% to £8.85bn

Nike saw its revenues spike 96% year-on-year to $12.3bn (£8.85bn) for the three months ended 31 May 2021. The group…

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H&M and Nike face ‘backlash’ in China over Xinjiang cotton labour concerns

Nike and H&M are reportedly facing a “backlash” in China after both groups outlined their concerns regarding the Xinjiang cotton…

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Nike global revenues up 3% as online helps offset store closures

Global sportswear giant Nike has revealed that its revenues for the third quarter of the year were $10.4bn (£7.4bn) up…

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Frasers Group to review Bob’s stores after Nike ends deal

Frasers Group has announced it has placed its US subsidiary Bob’s Stores under review after sportswear giant Nike ended its…

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Nike warns on subdued Q4 results amid Covid-19 lockdown

Sport fashion retailer Nike has warned this its fourth quarter sales will be impacted by the Covid-19 lockdown. Since mid-March,…

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Nike cuts ties with Amazon amid increased focus on direct-to-consumer

Sports fashion retailer Nike has cut ties with online retail giant Amazon and will no longer sell its products on…

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Nike CEO and president Mark Parker to step down in 2020

Sports fashion retailer Nike has announced that its CEO and president, Mark Parker, will step down next year. He will…

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Sports Direct demands Adidas and Nike dominance probe

Sports Direct has called for an investigation into the sportswear industry, over concerns of the dominance of Adidas and Nike.…

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Nike ‘deeply concerned’ over Cristiano Ronaldo rape allegations

US sportswear brand Nike has said it is “deeply concerned” over rape allegations against Juventus footballer Cristiano Ronaldo, and added…

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