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Sneaker giant Nike India has more than halved the number of its retail partners, from around 350 to just 150. The cull is part of a global strategy to reduce the number of physical sales points to focus online and on its own flagship stores. Nike has singled…
Singaporean consumer goods firm SUTL Global has crossed the border, buying a 51-per-cent stake in Malaysian Nike retailer Sportsland. Sportsland – to be renamed SUTL Sportsland – currently operates Nike mono-brand stores in Kuala Lumpur, Ipoh, and Penang,…
Nike is considering the sale of its Hurley surfwear brand, according to a Reuters report. A general downturn in the sector has pushed other industry players within the space into significant difficulties, including rival brand Quiksilver – which filed for…
Sportswear brand Nike has revealed its net profit increased to US$4 billion during the 2019 financial year, compared to the previous year, which saw Nike earn US$1.9 billion. The large disparity is attributed to the enactment of the Tax Act last year, which…
Nike has elected to withdraw a new shoe design in Mainland China after a politically sensitive image was posted to Instagram by one of its designers. The issue overshadowed a solid result from the sportswear giant (scroll down for coverage) The image was in…
Google Fit, the health-tracking app that made its debut on Android four years ago, has now been released on iOS. The app has gone through multiple overhauls since its launch back in 2014, but the last major update released last year made it extremely simply…
The US National Basketball Association (NBA) has partnered with Chinese sports retailer Topsports and its official on-court apparel provider Nike to open the league’s largest store outside North America. The new 1145sqm NBA China store at Intime Mall on…
Sportswear retailer Nike has grown net income to US$1.1 billion over its third quarter, with the group’s consumer-direct approach delivering growth across all four of its geographic regions. Revenues increased 7 per cent to $9.6 billion, up 11 per cent. The…
Instagram is taking its Shopping ads one step further by making it possible for people to buy the products in the ads without leaving the app. The feature, called Checkout on Instagram, is currently being tested in a closed beta program by nearly two dozen…
A Nike warehouse in Melbourne’s Altona North suburb has become the first facility in Australia to receive a ‘whole-of-building’ carbon-neutral certification from the National Carbon Offset Standard. The certification is the latest recognition for the site,…
SUTL Corporation will open its eighth and largest Nike Singapore store at Jewel Changi Airport in the first half of this year. Located on the second floor, the duplex store will span more than 1000sqm, and boasts the latest and most extensive range of Nike…
Saiqa Noreen launched a petition to have the shoes, which were released previous year, pulled from shelves and criticised Nike for allowing Allah’s name to be “trampled, kicked and become soiled with mud or even filth”. The outrage prompted Nike to issue a…
Paris Fashion Week Men’s was not lacking in head-turning street-style looks this year. Attendees brought their sartorial A-game to take in new fall ’19 collections from the hottest designers. A guest paired trendy Off-White socks with shiny silver Maison…
This week, Nike launched its new collection of yoga wear for men. While this was the company’s first foray into men’s yoga apparel, the move was very much in line with competitors who have been making a push into the menswear apparel market recently.…
In the week leading up to Christmas 2018, Nike Inc. said it has recruited a new leader for its Converse brand, naming G. Scott Uzzell as its president and chief executive officer, to helm the heritage sneaker company in the New Year. Uzzell replaces Davide…
Nike Korea’s revenue is forecast to exceed 1 trillion won ($884.27 million) in 2018. If all goes as expected, it will be the first sportswear company in Korea to achieve that milestone. Nike’s annual revenues in Korea have been rising by around 10 percent…
