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Fashion

Nike Dunk, once the world’s hottest sneaker, is fading away

By Bloomberg Published March 26, 2025 For the last few years, Nike Inc. prioritized a multi-billion-dollar sneaker franchise that helped the world’s largest sportswear company reach its lofty revenue goals. Now that franchise is sputtering. Nike Sales of Nike Dunk, a 1980s basketball shoe worn more on the streets these days than on the court, […]

Nike falls below $100 billion in value as turnaround sputters

By Bloomberg Published March 23, 2025 Nike Inc. shares tumbled on Friday, sending the sportswear company’s market value below $100 billion for the first time since the depths of the Covid-19 pandemic after its earnings report signaled that revenue and profitability will remain under pressure. Reuters Its shares slid as much as 9.3% to hit […]

Nike’s chief strategy, communications officers exit in shakeup

By Bloomberg Published March 19, 2025 Nike Inc.’s top strategy and communications executives are leaving the company, adding to the list of senior leadership changes under Chief Executive Officer Elliott Hill. Daniel Heaf Chief Strategy and Transformation Officer Daniel Heaf is departing after management opted to eliminate his role, according to an internal memo seen […]

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