Reckitt Benckiser Group named Shannon Eisenhardt, currently CFO of Nike consumer, brand & marketplace, as CFO of Lysol’s parent company, replacing current CFO Jeff Carr, who is retiring in March 2024. She joins RBG on October 17, 2023.
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Westcliff University Partners with Nike/BSN Sports
Westcliff University, based in Irvine, CA, entered into a five-year partnership with Nike through BSN Sports.
EXEC: Nike Opening Chain of Boutique Fitness Studios
The first location will open in West Hollywood, CA this year, with additional openings to follow in Los Angles and across the U.S., according to nikestudios.com
EXEC: Nike Declares Dividend; 22 Percent of Proceeds Go to Knight Family, Foundation
The Nike, Inc. Board of Directors, which is 75 percent controlled by the Knight family, has declared a quarterly cash dividend of 34 cents per share on the company’s outstanding Class A and Class B Common Stock.
Nike Partners with USA Gymnastics
For the first time, Nike will serve as the official apparel and footwear partner of USA Gymnastics and the USA Gymnastics National Team.
EXEC: Nike Hit by Lawsuit Over Pocket Bras
Nike is facing a lawsuit in Boston Federal Court by an inventor who claims the sportswear giant stole her technology for a line of sports bras with pockets. In court papers, SherryWear, LLC said that its founder, Sherry Goff, first pitched her patented Pocket Bra to Nike in 2015.
Nike Ends Sponsorship of Hockey Canada
Nike ended its sponsorship of Hockey Canada. Last year, Nike was one of several major partners that paused its sponsorship deal with Canada’s governing hockey body amid heavy criticism of the organization’s handling of sexual assault allegations involving members of its 2018 World Junior team and settlement payouts.
Nike Canada Investigated by Canadian Ombudsperson for Responsible Enterprise
Nike Canada Corp. is alleged to have or have had supply chains or operations in the People’s Republic of China identified as using or benefitting from the use of Uyghur forced labor.
Nike Extends Contract with Inter Milan
Inter Milan announced it extended its contract with kit supplier Nike. The collaboration started in 1998. Nike will continue designing match and training kits for Inter Milan’s men’s, women’s and youth teams, including lifestyle collections.
Nike’s Ultrafly Trail Shoe Incorporates Vibram Technology/Sole Design
Nike partnered with Vibram to include the brand’s technology and sole design in the upcoming release of its Ultrafly Trail shoe which offers a carbon flyplate between the shoe’s ZoomX foam and a fabric-wrapped midsole. The outsole of Nike’s Ultrafly Trail shoe debuts Vibram’s Litebase technology with a proprietary lightweight outsole design, Vibram’s traction lug […]
Nike’s Ultrafly Trail Shoe Incorporates Vibram Technology/Sole Design
Nike partnered with Vibram to include the brand’s technology and sole design in the upcoming release of its Ultrafly Trail shoe which offers a carbon flyplate between the shoe’s ZoomX foam and a fabric-wrapped midsole. The outsole of Nike’s Ultrafly Trail shoe debuts Vibram’s Litebase technology with a proprietary lightweight outsole design, Vibram’s traction lug […]
Adams State University Extends Partners with Nike and BSN
Adams State University Athletics announced that it entered into a five-year partnership with Nike and BSN Sports. BSN Sports will be the official apparel and equipment provider while outfitting ASU student-athletes and coaches in Nike gear.
Nike Extends Contract with University of Pittsburgh
The University of Pittsburgh has extended its long-standing relationship with Nike to continue to provide Nike gear for each of the Panthers’ 19 varsity programs through 2026.
EXEC: Jordan Brand Shines For Nike In FY23
On Nike’s fourth-quarter analyst call, John Donahoe, president and CEO, Nike, Inc. talked up progress and untapped opportunities for Nike Brand around global football (soccer), basketball and running categories, but Jordan Brand was by far the star performer for Nike’s fiscal year ended May 31.
EXEC: Nike Delivers Rare Quarterly EPS Miss, Cloudy Outlook
Nike missed on earnings for the first time in three years as compressed margins weighed on profits during its fiscal fourth quarter ended May 31. The sportswear giant also forecast first-quarter revenue below Wall Street targets as North America softness overshadowed China’s recovery. On the positive side, Nike indicated demand remains healthy across regions and inventories have been rebalanced to position the company for profitable growth going forward.
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