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After Tiger Woods’ Nike Split, Insiders Speculate About New Sponsor: Malbon Golf, Skechers or Greyson Clothier Could Be Leading Contenders

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 […]

Admins on Jan 09, 2024 0

Fashion

On Denies Tiger Woods Deal Rumors, Crocs Nears $4B, New Launches Coming at Merrell and Saucony + More Shoe News From the 2024 ICR Conference

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 […]

Admins on Jan 09, 2024 0

Fashion

Nike Co-Founder Phil Knight Named One of 2023’s Biggest Philanthropists With $400M Investment to Revitalize Portland Neighborhood

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 […]

Admins on Jan 04, 2024 0

Fashion

Nike’s Golf Status and Wholesale Business Will Be In the Spotlight When It Reports Q2 Earnings Next Week

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 […]

Admins on Dec 16, 2023 0

Fashion

Nike Opens a Store in Tokyo That’s Dedicated to the City’s Running Community

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 […]

Admins on Dec 11, 2023 0

Fashion

Report: Nike Hires Former Amazon Fashion Chief as New Technology Head

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 […]

Admins on Nov 14, 2023 0

Fashion

Manitobah Refreshes C-Suite With Nike Veterans as CEO and CFO

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 […]

Admins on Nov 14, 2023 0

Fashion

Nike Secures a Win Against a Popular Sneaker Customizer in Settlement

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 […]

Admins on Sep 08, 2023 0

Fashion

Nike Taps Vibram to Give a Technology Boost to Its Trail Footwear

Nike Trail is getting a technology boost from Vibram. The athletic giant and the high-performance sole manufacturer announced a partnership today, which will bring Vibram’s outsoles to the Nike Trail footwear range. The first Nike Trail shoe that will feature Vibram tech is the Ultrafly Trail. The Nike Ultrafly Trail, worn by Nike Trail-backed ultrarunner Tyler Green. COURTESY OF NIKE “We […]

Admins on Jul 09, 2023 0

Fashion

Analysts Say Nike Wins in DTC, Jordan Brand Can Help the Company Overcome Challenges

Nike missed expectations for earnings on Thursday, but analysts were still impressed with the company’s progress in North America, DTC sales and clearing through excess inventory. The athletic giant reported Q4 revenues were $12.8 billion, up 5 percent compared to 2022. For the full year, revenues were $51.2 billion, up 10 percent over the prior year. Nike […]

Admins on Jul 01, 2023 0

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