Nike Inc. has committed $3.2 million to introduce Native American and Indigenous youth to football, and has tapped several NFL teams to help. With the athletic giant’s commitment, which spans five years, Nike said each NFL franchise can receive $20,000 per year “to collaborate with local Indigenous nonprofits and other organizations and fund football-based programs for youth […]
Nike just expanded its brick-and-mortar footprint in Singapore in a major way. The athletic giant, in partnership with Middle East global retailer and distributor GMG, have opened Nike Orchard Road. The three-level store, located at 268 Orchard Road, spans 28,000 square feet. Nike confirmed via statement that this location is its largest mono-brand store in Asia, outside of China. “Nike Orchard […]
Tiger Woods and Nike confirmed their split via Instagram on Monday, marking the end to their iconic and fruitful 27-year relationship. However, the golf legend’s post has left his fans asking a million-dollar question: Where will he go next? After thanking Nike co-founder Phil Knight and others, Woods concluded his Instagram post by stating, “People will ask if there is […]
Major footwear brands are announcing updated sales and earnings expectations ahead of and during their presentations at the 2024 ICR conference, which begins today and runs through Wednesday. Boot Barn, Crocs, Genesco, On and Wolverine Worldwide are among the many companies participating in the conference and have released updated guidance or have pre-announced recent sales results and expectations for the […]
With a $400 million donation to help revive a once-thriving Black neighborhood in Portland, Ore., Nike co-founder Phil Knight has earned a spot on The Chronicle of Philanthropy’s list of the biggest charitable donations of 2023. In April, Knight and his wife, Penny, invested $400 million in the 1803 Fund, which is described as “a private equity fund for the people” with […]
Analysts are projecting an overall positive quarter for Nike Inc. ahead of the Swoosh’s second-quarter earnings report next week. Most market watchers said signs look good for the sneaker giant, but some noted potential headwinds. In a late November note to investors, Jefferies analyst Randal Konik said that Foot Locker‘s third-quarter sales beat was a good indicator for how Nike’s results might turn […]
Nike has opened a new store in Tokyo that is focused on serving the city’s running community. Nike Ginza is the athletic giant’s new retail outpost, which is open now and is located in downtown Tokyo’s busy shopping district. Nike stated this area is also the home to a passionate running community. The store —which spans 12,765 square feet — utilizes […]
Amazon‘s head fashion executive Muge Erdirik Dogan has left her role at the e-commerce giant to become the chief technology officer at Nike, according to a report in Bloomberg. Erdirik Dogan served as the VP of fashion and fitness at Amazon since February of 2021, according to her LinkedIn account. Amazon confirmed in a statement that she departed to “pursue […]
Manitobah has just announced a major refresh to its executive leadership team. The footwear brand with indigenous roots this week announced Carolyn MacNaughton as CEO and Tom Hildrum as CFO. Mike Wodtke has shifted his role from chief digital officer to chief marketing officer. MacNaughton replaces Manitobah’s former CEO Greg Tunney, who left his role in May […]
Nike just secured a victory in a years-long legal battle against a sneaker customizing business. A U.S. District Judge on Wednesday entered a consent judgement and permanent injunction related to the matter between Nike and Customs By Ilene, Inc., the popular sneaker customizing business also known as Drip Creationz. According to the agreement filed this week, Drip Creationz […]