Nike Inc. news and archive

Nike overhauls executive team to streamline operations

Nike, Inc. announced a series of major senior leadership changes aimed at streamlining operations, accelerating decision-making and strengthening the company’s connection to consumers and athletes. In a note to employees, president and CEO Elliott Hill said the restructuring is designed to “remove layers” and position Nike to operate as a more...

FashionPress Release

Nike celebrates a decade of training footwear dominance with the new Metcon 10

Nike is commemorating the 10th anniversary of its iconic Metcon training footwear franchise with its most stable and durable cross-training shoe yet: a lighter silhouette engineered to support every facet of an athlete's training regimen. The Nike Metcon 10 continues to set the standard in training footwear through its combination of durability,...

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Nike promotes Tony Bignell to chief innovation officer

Just days after announcing the upcoming retirement of longtime chief innovation officer John Hoke, Nike appears to have found his successor. According to an internal memo cited by Women’s Wear Daily, Tony Bignell, currently vice president for running footwear, has been promoted to chief innovation officer. FashionUnited has contacted Nike for an...

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Retail

JD Sports and Nike expand connected rewards progams to the US

JD Sports has been named the first global retail partner for Nike’s Connected Membership program as the reward program expands to the US. The extension follows on from JD’s successful launch of Nike’s reward program to the UK as its first European sports retail partner back in September 2022. Following the rollout of the Nike Connected...

Nike rehires former senior executive to combat declining sales

Sportswear giant Nike has reportedly rehired retired industry veteran Tom Peddie in a bid to overturn declining sales. Nike Inc. is said to have brought back the senior executive to manage its retail partnerships after relationships with several external retailers dampened, according to a recent report from Bloomberg, Peddie, who worked at Nike...

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Business

Nike cuts revenue forecast, announces 2 billion dollars saving plan

For its second quarter, Nike, Inc. revenues were 13.4 billion dollars, up 1 percent on a reported basis compared to the prior year and down 1 percent on a currency-neutral basis. Cutting its outlook for the year ahead, the sportswear company said it expects revenue to rise 1 percent, down from its previous forecast of mid-single-digit percentage...

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People

Nike announces leadership changes

Nike has announced a number of executive appointments including John Hoke as chief innovation officer, Martin Lotti as chief design officer, Nicole Hubbard Graham as chief marketing officer and Muge Erdirik Dogan as chief technology officer (CTO). “Innovation, design, and storytelling have always been the heart and soul of Nike. These leadership...

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Retail

Foot Locker introduces new store concept with Nike

Specialty athletic retailer Foot Locker Inc. and long-time partner Nike Inc. have partnered to roll out a new store concept, with bigger stores and interactive features brought by Nike's proprietary technology. The newest Power Store, far bigger than typical Foot Locker stores, opened on August 10, in Washington Heights, New York. The store...

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Business

Nike Q2 earnings rise 13 percent driven by double-digit revenue growth

American retailer of athletic footwear, sportswear, equipment and accessories Nike said on Thursday its Q2 revenue for 2018 increased by 10 percent or 14 percent on currency neutral. The company said, this double-digit revenue growth was driven by strategic execution of the Consumer Direct Offense across all dimensions of the portfolio globally....

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Business

Nike Q1 revenues jump 10 percent

Nike, the American sportswear company, said on Tuesday its Q1 revenue for 2018 increased 10 percent, while profit increased by 15 percent from the same period last year. The company’s sales in Q1 2018 were 9.9 billion US dollars, up from 9 billion US dollars a year earlier. Net profit rose to 1.1 billion US dollars, while diluted earnings per...

Fashion

Nike announces strategic leadership changes

Sportswear and fashion brand Nike has confirmed that Charlie Denson, Nike brand president since 2006 is to retire from the company in January 2014. Denson, who has been with Nike for 34 years, will be succeeded by Trevor Edwards, who is currently vice president of brand and category management at Nike. Edwards will become the new Nike brand...