Global News Aggregator
Adidas posted its first annual loss in more than three decades on Wednesday, and warned that US sales will drop this year as the German sportswear giant continues selling off…
Nike unveiled a $2 billion cost-savings plan that suggested significant layoffs are looming — and sent the athletic apparel giant’s share price tumbling more than 10%. Nike plans to incur…
Footwear giant Nike filed federal lawsuits on Monday against rivals New Balance and Skechers, accusing them of infringing patents related to Nike’s technology for making upper portions of sneakers. The…
Sportswear giant Adidas lifted its revenue forecast and cut its expected loss for 2023 on Tuesday, citing Yeezy shoe sales and a stronger core business. The German company said it…
Kanye West’s Yeezy sneakers are flooding the resale market as many collectors unload the footwear in the wake of Adidas’ decision to stop selling the brand after the rapper’s anti-Semitic…
Inflation-battered shoppers will soon find some huge deals on Nike products. The world’s biggest sportswear company said it was stuck with a glut of out-of-season inventory that will force it…
Foot Locker’s inventory soared 20% after the sneaker chain mentioned Friday it has named Ulta Beauty’s government chair as its new leader government. Mary Dillon, who used to be Ulta’s…