Nike

Nike on Thursday said it will cut about 2% of its total workforce, or more than 1,600 jobs, as the sportswear giant looks to cut costs after flagging weaker profits this year. Nike's global peers Adidas, Puma and JD Sports, too, have…

Nike topped Wall Street estimates for first-quarter profit on Thursday as higher prices of its sneakers and apparel helped offset a hit from waning demand and persistent cost pressures, sending its shares up about 8% in extended trading.…

Nike reported lower quarterly profits Thursday on increased logistics spending and a hit from product markdowns, as it pivots in a fast-changing consumer market challenged by inflation. The sports giant topped analyst estimates for both…

Shares in Puma PUMG.DE fell 3.5% on Tuesday after French luxury group Kering PRTP.PA said it had completed the sale of a 5.9% stake in the German sportswear company for approximately 656 million euros ($772 million). Kering has…

Shipping group Maersk (MAERSKb.CO) will cut job cuts as part of a major reorganisation, an internal email sent to Maersk employees shows. Maersk, which handles about one in five containers shipped worldwide, has been under…

Microsoft Corp (MSFT.O), Nike Inc (NKE.N), Starbucks Corp (SBUX.O), Unilever NV (UNA.AS) and five other industry titans from various sectors are teaming up to help businesses globally achieve zero carbon emissions. Called “Transform to…

Liverpool has struck a kit deal with Nike from the 2020-21 season to replace New Balance, the Premier League leaders announced on Tuesday. Nike will supply playing, training and travel wear for Liverpool’s men’s, women’s and academy…

The EU’s powerful competition authority Monday imposed a €12.5m ($14m) fine on US sports apparel giant Nike for restricting cross-border sales in Europe of jerseys and scarves of top football teams. According to the European Commission,…

Sportswear company, Nike, has said it is “deeply concerned by the disturbing allegations” facing Cristiano Ronaldo. Ronaldo has been accused of rape by Kathryn Mayorga, who claims the Juventus superstar assaulted her in Las Vegas in…

Nigerian superstar singer, Wizkid, has a big dream.. and if what he tweeted is anything to go by, he says he’d be building schools in every African country. Though the singer has since deleted the tweets, However, he wrote; “I’ll…