Nike

Nike withdraws FY guidance amid falling Q1 sales

Nike has withdrawn its full-year guidance after first quarter sales plunged, and ahead of Elliot Hill becoming president and CEO…

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Nike to cut 1,600 jobs in cost trimming measure

Nike is set to cut 1,600 jobs, around 2% of its workforce, in an attempt to trim its costs after…

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Today’s news in brief- 22/12/23

Nike has announced a cost-saving plan of $2bn over the next three years and revised down its sales forecast. This…

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Nike lowers sales forecast amid $2bn cost savings plan

Nike has announced that it is set to make cost savings of $2bn (£1.57bn)across the next three years and has…

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Nike Rise to open at Trinity Leeds in 2024

Nike has announced that it will bring its concept store, Nike Rise, to Trinity Leeds next year.  The retailer will…

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Nike Rise to open concept store in Birmingham

Nike will open its first ever Nike Rise concept store in Birmingham at Bullring and Grand Central, reflecting the strategy…

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Nike Q3 revenues up 14% to $12.4bn

Sportswear brand Nike has announced that its Q3 revenues increased 14% to $12.4bn (£10bn) for the three months ended 28…

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JD Sports and Nike announce connected partnership

JD Sports has announced that it has been selected as Nike’s first European retail partner for its connected partnership, designed…

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Nike to quit Russia after Ukraine invasion

Sportswear brand Nike has revealed it will fully pull out of Russia three months after suspending its business in the…

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Nike to consider exiting Russia after not renewing main franchise deal

Nike is reportedly considering exiting Russia permanently after not renewing its franchise agreement. According to reports first revealed by The…

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