Hearst Magazines Names Juliana Stock President
Current president Debi Chirichella will be Hearst Magazine’s next chair.
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.
Retail
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.
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.
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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.
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.
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.
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.
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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.
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.
News & Analysis
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.
The News in Brief
Lilly Raises Sales Forecast, Widening Lead in Obesity Market
Eli Lilly & Co. raised its full-year sales forecast as demand for its blockbuster obesity and diabetes drugs continues to surge, giving the drugmaker more momentum as it expands into pills and develops even more powerful weight-loss treatments.
US to Temporarily Allow Compounding of Six Peptides
The move relaxes rules to access some peptide compounds for recovery, sleep and cognition and will require pharmacies to notify regulators about adverse events.
Adidas Keeps Humming With Apparel, Performance Sports Growth
The German sneaker brand on Thursday reported strong growth in apparel and sports gear, led by running, training and football products, elaborating on preliminary results published last week.
Uniqlo Scraps Price Rise on $2 Socks After Japanese Shopper Outcry
The decision underscores the challenge Japanese retailers face as persistent inflation squeezes household budgets.
Puig Targets €8 Billion in Annual Sales by 2032
Ahead of its first Capital Markets Day in Madrid, the Spanish beauty group has unveiled its “Vision 2032” and detailed its plans to grow its share of the global fragrance market.
Report: Puig, CVC, Cinven Eye Luxury Fragrance Maker Parfums de Marly
Private equity firms CVC Capital Partners and Cinven, along with Spanish beauty group Puig, are considering acquiring Parfums de Marly, the luxury fragrance brand owned by Advent International, two people familiar with the matter told Reuters.
Beauty and Home Care Drive Unilever Sales, Food Unit Falters
The UK conglomerate raised its annual volume growth forecast on beauty, personal and home care demand, despite a lagging food sector and the impact of geopolitical conflict on costs.