Footwear

Updates

Nike Settles Racial Discrimination Lawsuit

Nike 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)

Thule’s Q2 Revenues Climb 7 Percent

Thule reported earnings rose 8.9 percent in the second quarter on a 7.3 percent revenue gain. Magnus Welander, CEO and president, said in a statement, "After a strong April and stable May, growth in the month of June was a disappointment in the US as store owners became more cautious as a result of the additional 15 percent tariff on Chinese goods announced in May." (Read More)

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