De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
Beaverton, United States
Retail
Nike Smashes Sales Estimates Thanks to Rebound in China
Sales in China rose 6 percent while in North America, the company's biggest market, sales fell 2 percent.
Nike Smashes Sales Estimates Thanks to Rebound in China
Sales in China rose 6 percent while in North America, the company's biggest market, sales fell 2 percent.
Retail
Nike Warns of Fourth-Quarter Hit From Store Closures
The sportswear giant is boosting e-commerce capabilities to address increased online orders.
Nike Warns of Fourth-Quarter Hit From Store Closures
The sportswear giant is boosting e-commerce capabilities to address increased online orders.
Retail
Nike's Sales Beat Estimates Despite Coronavirus Disruption
The sportswear company saw digital sales increase by 36 percent in the third quarter, following the outbreak.
Nike's Sales Beat Estimates Despite Coronavirus Disruption
The sportswear company saw digital sales increase by 36 percent in the third quarter, following the outbreak.
Retail
Nike's Sales Expected to Drop $3.5 Billion
The sportswear giant’s revenue could fall by a third in the fourth quarter due to store closures, supply chain disruptions and the NBA suspension caused by the coronavirus pandemic.
Nike's Sales Expected to Drop $3.5 Billion
The sportswear giant’s revenue could fall by a third in the fourth quarter due to store closures, supply chain disruptions and the NBA suspension caused by the coronavirus pandemic.
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Retail
Nike Seeks New Weapon in Battle Against Counterfeit Goods
Proposed legislation would extend to design patents the same protections given copyrighted and trademarked goods.
Nike Seeks New Weapon in Battle Against Counterfeit Goods
Proposed legislation would extend to design patents the same protections given copyrighted and trademarked goods.
Retail
Nike Invests in Adaptive Footwear
The sportswear giant is set to purchase an undisclosed stake in the laceless shoe company Handsfree Labs Inc, in bid to create apparel that's easier for people with disabilities to wear.
Nike Invests in Adaptive Footwear
The sportswear giant is set to purchase an undisclosed stake in the laceless shoe company Handsfree Labs Inc, in bid to create apparel that's easier for people with disabilities to wear.
Retail
Nike to Stop Selling Products on Amazon Site
The split comes amid an overhaul of Nike’s retail strategy that aims to focus on direct-to-consumer relationships.
Nike to Stop Selling Products on Amazon Site
The split comes amid an overhaul of Nike’s retail strategy that aims to focus on direct-to-consumer relationships.
Retail
Nike Files New Patent Infringement Lawsuit Against Skechers
The suit claims that Skechers’ Skech-Air Jumpin’ Dots and Mega shoes use footwear cushioning inventions Nike had developed.
Nike Files New Patent Infringement Lawsuit Against Skechers
The suit claims that Skechers’ Skech-Air Jumpin’ Dots and Mega shoes use footwear cushioning inventions Nike had developed.
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Workplace & Talent
Nike CEO Mark Parker to Step Down
John Donahoe, a Nike board member, will resume the top job in 2020.
Nike CEO Mark Parker to Step Down
John Donahoe, a Nike board member, will resume the top job in 2020.
News & Analysis
Nike Profit and Revenue Beat Estimates As Direct Selling Gains Momentum
Nike said new products and advancements in e-commerce helped lift sales.
Nike Profit and Revenue Beat Estimates As Direct Selling Gains Momentum
Nike said new products and advancements in e-commerce helped lift sales.
News & Analysis
Nike Cuts Ties With NFL Star Antonio Brown
Brown has denied allegations by his former personal trainer of rape and sexual assault.
Nike Cuts Ties With NFL Star Antonio Brown
Brown has denied allegations by his former personal trainer of rape and sexual assault.
News & Analysis
Report: Nike Exploring Sale of Surfwear Brand Hurley
The sportswear giant purchased Hurley in 2002 for an undisclosed sum, in an effort to expand beyond athletic-focused apparel.
Report: Nike Exploring Sale of Surfwear Brand Hurley
The sportswear giant purchased Hurley in 2002 for an undisclosed sum, in an effort to expand beyond athletic-focused apparel.
The News in Brief
L’Oréal India in Talks to Acquire Beauty Company Innovist
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.
Glossier Appoints New CMO
Nicole Solorzano, who joins from Ouai, is the Millennial beauty brand’s latest hire.
Macy’s CEO Points to E-Shaped Economy, Signalling Consumer Shift
The mention of a forked economy by the head of America’s largest department store signals a heightened wariness that middle-income Americans will continue to spend at the same pace.
France’s Bid to Suspend Shein’s Marketplace Rejected by Appeals Court
The decision from Paris’ Court of Appeal marked a win for the fast-fashion giant after a scandal over sex dolls resembling children for sale on its site.
Coty Announces Board Revamp
The embattled Covergirl owner has appointed five new independent directors amidst a wider leadership and company shakeup.
Zimmermann Names Roberto Eggs CEO
The Moncler Group executive will succeed longtime CEO Chris Olliver, who is staying on as executive chairman.