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Nike
Nike is a U.S. multinational corporation that is engaged in the design, development, manufacturing and worldwide marketing and sales of footwear, apparel, equipment, accessories and services.
Nike Sues More Than 1,000 Websites And Other Parties Over Alleged Counterfeiting
January 14, 2021
Nike is suing 589 websites, the owners of 676 social media accounts and more than 100 unidentified companies and individuals for allegedly selling counterfeit versions of its Nike and Converse ...Nike, Pepsi Lead The Year Of Direct To Consumer
December 30, 2020
This year will not only go down in history as “the year of the pandemic,” but for consumer packaged goods brands, it will also be known as “the year of ...Today In Retail: Walmart Unveils Carrier Pickup Service For Returns; Dick’s Sporting Goods Teams With Instacart For Same-Day Delivery
December 21, 2020
In today’s top retail news, Walmart shoppers can return items that are bought through the web and are shipped and sold by Walmart.com without needing to leave their residences, while ...Nike ‘Just Does It’ On Digital-First Transition, D2C Sales And A Hot Loyalty Program
December 21, 2020
Nike showed in its latest earnings report that the sportswear giant is “just doing it” when it comes to three of the COVID-19 era’s hottest retail trends – digital-first shopping, ...Nike’s Digital Sales Surge 80 Pct
December 18, 2020
Nike reported on Friday (Dec. 18) as part of its Q2 fiscal 2021 financial results that its flagship Nike brand’s digital sales surged 80 percent on a currency-neutral basis during ...Nike Launches Community-Minded ‘Unite’ Stores With Digital Focus
November 18, 2020
Nike continues its sprint into the digital-first world with Nike Unite stores, with nine locations slated to be in operation this year. In a news release, Nike said the new ...Nike Plans To Cut 700 Positions From HQ Workforce
November 3, 2020
As part of a wider reorganization announced in the summer of 2019, Nike plans to cut 700 positions at its headquarters by January, Oregon Live reported.
The 700 reductions were unveiled ...Today In Payments: Grab’s Earnings Bouncing Back; PayPal Hops On Crypto Bandwagon
October 22, 2020
In today’s top news, Grab celebrated solid recovery in its third quarter earnings report, and PayPal has introduced wallet services for cryptocurrencies. And resale marketplace ThredUp filed for an IPO.
Grab’s ...VTEX Expects More Companies To ‘Go The Nike Route’ And Build Up D2C
October 22, 2020
To say that the eCommerce world is vastly different than it was a year ago when Nike announced plans to pull its sneakers off of Amazon would be an understatement. ...Manifesting Retail’s Week Of Revolution
September 24, 2020
Retail, for all intents and purposes, has always been an interdependent system. Supply depends on demand; demand depends on supply; supply depends on the supply chain. Pricing depends on supply ...Today’s Top Retail News: Nike CEO Touts Digital; KKR Purchases 1-800 Contacts
September 23, 2020
In today’s top retail news: Nike’s CEO touts digital commerce as the “new normal,” KKR will acquire 1-800 Contacts, and Amazon is launching its Climate Pledge Friendly program to call ...Nike CEO: Digital Is The New Normal
September 23, 2020
Nike’s earnings call on Tuesday (Sept. 22), in which it set a new standard for companies capitalizing on the digital-first economy, just might have had the quote of the year.
“We ...Foot Locker’s Sales Spike Is Good News For Nike
August 10, 2020
Good news from athletic retailer Foot Locker looks like it’s good news for shoe giant Nike as well. Both companies stocks rallied on Monday (Aug. 10) after Foot Locker reported ...Nike Restructures Corporate Leadership In Digital Push
July 22, 2020
Nike announced several changes to its senior leadership Wednesday (July 22) as it looks to accelerate digital business and simplify consumer experiences with its Consumer Direct Acceleration (CDA) strategy, according ...The Six Retail CEOs Who Could Set Off Fireworks This Year
July 3, 2020
Retail CEOs faced a parade of problems in 2020’s first six months, but some executives look ready to set off plenty of fireworks in the year’s back half.
Who will come ...Retail Brands And FIs Move Toward Digital Offerings
June 29, 2020
The news about Nike’s fourth-quarter earnings announcement focused on what would be a large loss at any other time, but the real story is a full and dramatic reposition of a ...Nike Leads Retail Into The Great Reboot
June 29, 2020
Welcome to the great reboot. Physical retail’s return to business was previously known as the “great reopening” or the “great resettling.” But it’s becoming apparent that the unprecedented business dynamics ...Nike Says Upcoming Job Cuts Are Not Due To Pandemic
June 29, 2020
In an email on Thursday (June 25), Nike CEO John Donahoe said the current financial crisis will likely see the athletics retailer cutting jobs after a $790 million loss in ...Nike Says The Last Dance Will Be With Digital 3.0
June 26, 2020
The headlines about Nike’s Q4 earnings announcement focused on what would be a staggering loss at any other time. But the real story is a complete and radical repositioning of ...Bitcoin Daily: Nike Offers Crypto Rewards For Online Purchases; BlockFi Teams With Bitcoin Mining Pool On Lending, Financial Services
June 2, 2020
Plutus, a British FinTech startup, is providing rewards via its credit card to customers who buy from the eCommerce store of Nike, Cointelegraph reported.
The rewards are made with Pluton, the ...Retailing 2020: Five Things To Watch
May 25, 2020
The pandemic was unprecedented when it showed up in February and March; the phases of its aftermath will also be without a reference point. While it’s clear that the digital ...Good News? Dillard's And Nike Say They Have Some
May 15, 2020
Retail and optimism. Those two terms haven’t been in the same sentence since January, but believe it or not, there were a few places they actually juxtaposed late this week ...How Farmer's Fridge Uses Cloud-Based Inventory For Smart Vending
March 26, 2020
The automated retail market opened 2020 on pace to easily continue its double-digit growth. The continued adoption of technologies such as artificial intelligence (AI), machine learning (ML) is making it ...eCommerce Helped Nike Mitigate Lost Sales In China
March 25, 2020
After the COVID-19 outbreak, business for Nike Inc. has bounced back in China. The brand was also able to help mitigate lost sales with eCommerce orders, which is a path ...Under Armour Forecasts Sales Declines In 2020
February 11, 2020
As it experiences strong competition from Lululemon and Nike, Under Armour is predicting a sales drop this year as it grapples with bringing customers to its training sneakers and shirts that wick ...Nike Teams With Geek+ For Robotic Same-Day Delivery In Japan
February 7, 2020
Smart logistics provider Geek+ announced a same-day delivery partnership with Nike, which will provide advanced robotics solutions for the athletics company’s new distribution center in Japan, according to reports on ...Nike Commits To Sustainability For High-Tech Tokyo Olympics
February 6, 2020Heads up before you throw those sneakers out: They might be running a marathon in Tokyo this summer. That’s the upshot of Nike’s recently introduced product line, which features recycled ...Nike Web Store Sells Out Of Kobe Bryant Merchandise
January 28, 2020
Nike’s online store has sold out of all of its Kobe Bryant-related merchandise, according to numerous reports on Tuesday (Jan. 28).
Demand for the merchandise has been brisk following the sudden ...Nike Kaepernick Shoe A Sellout Success
December 24, 2019
Nike’s new shoe featuring former Quarterback Colin Kaepernick sold out on its first day, according to CNBC. The ‘True to 7’ shoe, this year’s installment of Nike’s Air Force 1 ...These Boots Were Made For Walking: The Latest In Shoe Innovation
December 16, 2019
Shoes aren’t just shoes anymore – they are centers of retail innovation. And recent developments show how things might play out with footwear in 2020.
As is often the case, Nike ...Nike Patents ‘CryptoKicks’ Blockchain Shoes
December 10, 2019
Nike has been awarded a patent by the U.S. Patent Office for the sneaker company’s new blockchain-compatible sneakers, which are called “CryptoKicks,” according to reports.
The CryptoKicks will be attached to ...Analyst Sees $40B Market Cap For Lululemon
December 4, 2019
Cowen believes Lululemon could be the next Nike, as it raised its price target on the stock to $250.
“Assuming LULU can sustain an NKE-like free cash flow multiple, we see ...Apple Card Users Can Earn 3 Pct. Cash Back For Nike Purchases
November 25, 2019
Nike is offering 3 percent cash back to Apple Card users when a Nike product is purchased using Apple Pay, TechCrunch reported Monday (Nov. 25).
The deal applies to all Nike ...Can AI Pass The Nike Test?
November 20, 2019
There is often a significant gap between efficiency and creativity, and that’s playing out now in the world of artificial intelligence (AI), and could have impacts on payments and commerce.
The ...How DTC Is Helping To Change Retail — Perhaps Even On Amazon
November 18, 2019
Brands are helping to drive changes in retail — and one big recent example could come from the world of Amazon even as other shifts are taking place.
Recently, Nike announced it ...Walmart Amazon Whole Paycheck Tracker: Grocery Expansions, eCommerce Improvements And Voice Extensions
November 15, 2019
’Tis the season for shopping — and capturing the spend of consumers with a newfound enthusiasm for commerce of all kinds. The competition for the consumer’s whole paycheck is, of ...Facebook And Google Payments Efforts Top Week’s News
November 15, 2019
Welcome to the PYMTS Weekender, where we recap the week’s biggest development in payments and commerce. This edition includes news about Facebook’s new payments push, Amazon’s new robotics plan and ...Tim Armstrong: Nike’s Departure From Amazon Could Lead To DTC 'Megatrend'
November 15, 2019
Earlier this week, Nike announced it will no longer sell its wares on Amazon, instead opting to follow a growing trend in eCommerce where companies sell directly to consumers (DTC).
On ...Top Payments News: Visa Makes Olympic Move; Siri Comes To Walmart; Nike Leaves Amazon
November 13, 2019
Amazon is losing a major sneaker brand — could this be a sign of more to come? Meanwhile, Apple cozies up to Walmart and Facebook again tries to improve its ...Does Nike Move Show An Amazon Weak Spot?
November 13, 2019
The knives are out for Amazon this week thanks to a major sneaker brand. But at this point, it seems unlikely that major changes are in store for the eCommerce ...