Nike Secures Licensing Agreement For NYC Logos
SGB UpdatesNike has been granted a two-year licensing agreement allowing the company to use iconic New York City's logos on its merchandise. (Read More)
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Avenatti Motion Punches Back At Nike, But Will It Land?
SGB ExecutiveLegitimate claim that Nike Inc. made illegal payments to high school hoops stars, or malicious attempt by desperate lawyer to clear his name of wrongdoing? That’s the question at the heart of the motion that attorneys for Michael Avenatti filed in federal court Wednesday to dismiss his recent indictment. SGB breaks down the latest in this ongoing saga, which includes accusations of payments to such stars as Zion Williamson. (Read More)
Avenatti Files Motion Accusing Nike of Zion Payment
SGB UpdatesLawyers for Michael Avenatti on Wednesday filed a motion in federal court alleging that an employee with Nike’s Elite Youth Basketball (EYBL) division authorized payments to former Duke star Zion Williamson and ex-Indiana star Romeo Langford when they were still in high school in February 2017. (Read More)
Nike To Open Distribution Center In North Mississippi
SGB UpdatesNike Inc. will open a new distribution center in Marshall County, MS, about 10 miles south of Memphis, TN, according to The (Memphis) Commercial Appeal. (Read More)
Nike Accelerates Pursuit Of $50 Billion
SGB ExecutiveAs Nike Inc. pursues its goal of $50 billion in annual revenue by 2022, the company is targeting both organic and acquisition growth. In the past week, the Beaverton, OR-based sports footwear and apparel giant hit milestones along each of those paths. (Read More)
Nike To Launch Sneaker Subscription Service
SGB UpdatesNike Inc. this week will launch a new fee-based subscription service for kids sneakers, the company announced Monday. Nike Adventure Club will feature three tiers of subscription plans and is aimed at 2-year to 10-year olds. It will effectively gives subscribers a new pair of Nike sneakers that cost about $50 or more once a month, once every two months or once every three. (Read More)
Nike Inc. Acquires Data Science And Demand Sensing Firm Celect
SGB UpdatesNike Inc. has acquired Celect, a leading retail predictive analytics and demand sensing firm based in Boston. Celect is Nike’s latest acquisition fueling its Consumer Direct Offense strategy, serving consumers personally at a global scale. Financial terms of the deal weren't disclosed. (Read More)
Nike Signs Deal With The University Of Alaska Fairbanks
SGB UpdatesNike signed a five-year deal to outfit the athletic teams of the University of Alaska Fairbanks. BSN Sports will supply the merchandise as part of the initiative. (Read More)
Nike Extends Deal With National Women’s Soccer League
SGB UpdatesNike and the National Women's Soccer League (NWSL) have agreed to an extended partnership through 2022 in which Nike remains the league's exclusive partner of uniforms, apparel and equipment. (Read More)
Nike And Jordan To Outfit Basketball Africa League
SGB UpdatesThe Basketball Africa League (BAL) announced Nike and Jordan Brand will be the exclusive outfitter of the new professional league featuring 12 club teams from across Africa and scheduled to begin play in March 2020. (Read More)
Report: Nike Exploring Sale Of Hurley
SGB UpdatesNike Inc. is exploring the sale of Hurley International, the surf brand acquired in 2002, according to a report from Reuters. The move follows prolonged weakness in the overall action sports market. (Read More)
UNLV Extends Deal With Nike
SGB UpdatesUNLV agreed to a three-year contract extension with Nike. Nike will remain the exclusive athletic footwear, apparel and accessories sponsor of UNLV Athletics. (Read More)
Puma And Nike In Battle To Sign Zion Williamson
SGB UpdatesPuma and Nike are seen as the two finalists to land a footwear deal with Zion Williamson, seen by many as the most highly-touted prospect to enter the NBA since LeBron James, according to TMZ Sports. (Read More)
Nike Harajuku Store Undergoes Remodel
SGB UpdatesNike Harajuku, one of Nike’s most popular Japanese doors, reopened with an expanded layout and enhanced services similar to June’s refitting of NikeTown London. (Read More)
Nike Countersues Kawhi Leonard Over Logo
SGB UpdatesNike has countersued Kawhi Leonard in a dispute over the NBA star's signature "Klaw" logo. (Read More)
Nike Vision 2019 … Summer Shade
SGB TodayNike Vision—performance, lifestyle optical eyewear and sunwear—offers a streetwear-inspired... (Read More)
Nike Settles Racial Discrimination Lawsuit
SGB UpdatesNike has settled a racial discrimination lawsuit initially filed in 2017 by a 15-year company veteran just before the case was heading for trial. Terms of the settlement were not disclosed. A Nike spokesman told Portland Business Journal that lawsuit was resolved to both parties' satisfaction." (Read More)
Colin Kaepernick ‘Dream Crazy’ Nike Commercial Gets Nominated For Emmy
SGB UpdatesNike’s “Dream Crazy” commercial, supporting Nike's 30th-anniversary “Just Do It” campaign and controversially narrated by Colin Kaepernick, has been nominated for an Emmy award for Outstanding Commercial. (Read More)
Nike Basketball 3ON3 Tournament Returns to L.A. LIVE
SGB UpdatesNike Basketball 3ON3 Tournament, California’s largest street basketball tournament, now in its 11th year, will return to the streets of downtown Los Angeles and L.A. LIVE on Saturday, August 3 - Sunday, August 4. (Read More)
Nike Plows Ahead With Air Manufacturing Innovation Facility In Arizona
SGB UpdatesNike announced Thursday it is investing $184 million in its U.S. innovation footprint by opening a new Nike Air Manufacturing Innovation (Air MI) facility in Goodyear, AZ. The facility was at the center of some controversy last week when Arizona rescinded a $1 million incentive for Nike to build the plant in the state after the footwear giant canceled the launch of its new limited edition USA-themed sneaker. (Read More)