US: Nike Q4 profit down 30% as future orders fall
Slumping sales in every geographic sector except Asia have coupled with restructuring charges to push sporting goods giant Nike Inc…
Nike trips amid the downturn
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US: Nike to eliminate 5% of workforce
Sporting goods giant Nike is to shed 5% of its 35,000-strong global workforce, following a structural review sparked by the…
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VIETNAM: Nike to stop using footwear supplier – reports
Sportswear giant Nike is to stop sourcing footwear from a factory in Vietnam within the next six months as part…
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US: Nike halts orders from a number of factories
Sporting goods company Nike has confirmed to just-style it will be discontinuing orders with four footwear contract factories and a…
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US: Nike reorganising brand into six regions
Sporting goods giant Nike Inc today (20 March) unveiled plans to reorganise its Nike brand into six regions with less…
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US: Nike Q3 profit tumbles 47% on charges
Higher costs, lower sales in Europe and weakness at its Umbro football brand have almost halved third quarter profit at…