Nike Inc
Nike to lay off 2% of employees, cutting more than 1,500 jobs during broad restructuring
A man wearing a protective face mask walks past a Nike brand store in Kyiv, Ukraine, on Dec. 10, 2020. Valentyn Ogirenko | Reuters Nike is cutting 2% of its current workforce, or more than 1,500 jobs, as part of a broader restructuring, the company said late Thursday. The Beaverton, Oregon-based sneaker giant said it […]
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True Religion explores a sale as maximalist, Y2K-era styles make a comeback
The hedge fund that owns True Religion is exploring a sale of the Y2K-era jeans brand as it returns to growth and profitability after emerging from its second bankruptcy, CNBC has learned. True Religion sales jumped about 20% to around $280 million last year, and it brought in $80 million in earnings before interest, taxes, […]
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Tiger Woods symptoms apparel and footwear offer with TaylorMade subsequent his break up with Nike
Tiger Woods and TaylorMade have made it formal. The golf good has agreed to build a new attire and footwear overall performance and way of life brand with the Carlsbad, California firm adhering to his current split with Nike. The brand, Sun Working day Crimson, will be available initially only online starting in May well. […]
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Lululemon to launch first men's footwear line as it chases growth in crowded athletic apparel space
Canadian sportswear clothing band, Lululemon store in Hong Kong. Budrul Chukrut | Lightrocket | Getty Images Lululemon is launching its first men’s footwear line and casual sneaker as the retailer looks for new avenues of growth in the increasingly crowded athletic apparel space, the company announced Thursday. The retailer is debuting its first casual sneaker, […]
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Good quality shares are dominating the market place, up 25% in the earlier 12 months
Traders have grown a little bit snobbish, insisting on acquiring the greatest excellent and prepared to pay up lavishly to personal and flaunt the finest. Amid the most broadly performed investment decision “components” — including benefit, momentum, small volatility, dividend yield — excellent has dominated the industry, the representative iShares MSCI United states High-quality ETF […]
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Klarna to debut $7.99 monthly plan as buy now, pay later firm seeks new revenue sources ahead of IPO
Swedish buy now, pay later firm Klarna unveils a $7.99 monthly subscription plan called Klarna Plus Courtesy: Klarna Swedish fintech firm Klarna is launching a monthly subscription plan in the U.S. to lock in its heaviest users ahead of an expected initial public offering this year, the company told CNBC. The product is set to […]
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Yoga wars heat up as Levi's Beyond Yoga taps former Athleta CEO, Gap veteran as next chief executive
Beyond Yoga Courtesy: Beyond Yoga Levi Strauss’ Beyond Yoga has tapped former Athleta CEO and longtime Gap veteran Nancy Green to be its next chief executive, as the company looks to scale beyond its modest roots and compete with industry leaders such as Lululemon and upstarts such as Alo Yoga and Vuori. Beyond Yoga’s founder […]
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Wolverine World Wide sells Sperry to Authentic Brands Group in shoe retail deal
Sperry Top-Sider Bill fish Tan and Beige. Mayra Beltran | Houston Chronicle | Getty Images Wolverine World Wide has sold Sperry to brand management firm Authentic Brands Group and Canadian retailer the Aldo Group, the company announced Thursday. The deal will generate $130 million, which Wolverine plans to use to pay down debt, it said. […]
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Tiger Woods ends Nike partnership following 27 many years
A portrait of Tiger Woods of The United States in the course of the pro-am as a preview for the Hero Planet Problem at Albany Golf Class on November 29, 2023 in Nassau. David Cannon | Getty Photos Tiger Woods’ 27-calendar year partnership with Nike has appear to an conclusion. The superstar golfer announced the […]
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From FedEx to airlines, companies are starting to lose their pricing power
Pedestrians carrying Nike and Allbirds shopping bags in the SoHo neighborhood of New York on Oct. 24, 2021. Nina Westervelt | Bloomberg | Getty Images After years of unbridled consumer spending on everything from home improvement to dream vacations, some companies are now finding the limits of their pricing power. Shipping giant FedEx last week […]
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