
Global sportswear giant Nike Inc. said on Monday total revenues came close to $11 billion in the third quarter fiscal 2022, as the U.S firm saw a steady return to normal footfall across its owned stores across the globe.
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Global sportswear giant Nike Inc. said on Monday total revenues came close to $11 billion in the third quarter fiscal 2022, as the U.S firm saw a steady return to normal footfall across its owned stores across the globe.
U.S. sportswear giant Nike has appointed its SNKRS vice president, Ron Faris, to lead its Virtual Studios, a new division for the company that supports its latest push into the metaverse.
In North America, the US sport and lifestyle giant is generating 48% of its sales via direct retail. A model that is set to be adopted internationally too, and at an even faster clip, as Nike's digital activities boom.
Nike announced on Monday the acquisition of virtual sneakers and collectibles company RTFKT.
Shares of Nike Inc surged over 15% to a record high on Friday after the sportswear giant forecast full-year sales of more than $50 billion, riding on pent-up demand for sneakers and athletic gear from U.S.
The international sportswear giant has outlined its progress with issues of sustainability, corporate responsibility and diversity in its 2020 Impact Report and revealed new goals for these areas for 2025.
The American sportswear giant revealed on Tuesday that it will cut 700 jobs at its Beaverton, Oregon HQ by January 2021, as part of wider restructuring efforts at the company.
Nike has announced a series of leadership changes, as well as job cuts across the sportswear company, in order to support a new strategy to boost direct-to-consumer sales.
Nike Inc on Friday warned of job cuts as the world's largest footwear maker ramps up efforts to sell directly to customers through its online and retail channels.
Nike Inc on Thursday reported an unexpected quarterly loss - its first in more than two years - hurt by closures of department and retail stores due to lockdowns spurred by the Covid-19 pandemic.