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Why fashion is integral to the Olympic Games

Fashion plays an integral role in the Tokyo Olympics, with the games officially opening today. The pride of national uniforms, especially from countries with globally recognisable brands and designers, are part and parcel of the competition and representation. Armani, Lacoste, Ralph Lauren, Skims, Adidas and Nike are just some of the brands that...

Jul 23, 2021

Fashion

Nike may be running out of sneakers as Covid-hit factories halt production

Nike may be facing severe disruptions to its sneaker supply chain as two of its key manufacturers in Vietnam have halted production due to a new wave of coronavirus infections, reports CNBC. Vietnam has long been instrumental to Nike’s sneaker production, with the footwear giant increasing output throughout the past years. Currently nearly half...

Jul 21, 2021

Fashion

Sotheby's to auction rare Olympics collection

With the Tokyo Olympics approaching, auction house Sotheby’s has debuted The Olympic Collection, an assemblage of memorabilia, sneakers, and collectibles related to Olympic athletes. The sale will encompass over 50 items, many without reserve, and launch the same day as the Summer Olympic Games on July 23rd. Rare items include a “Prototype Logo”...

Jul 9, 2021

Business |ANALYSIS

U.S. market and wholesale drive strong Q4 for Nike

Nike has topped analysts’ estimates for their fourth-quarter with record revenue driven by record revenue in its U.S. market and their wholesale business. Earnings per share (EPS) also surpassed the market’s forecast (93 cents vs. 51 cents expected.) Nike posted Q4 revenue of 12.3 billion dollars, up 96 percent from last year, and noting...

Jun 28, 2021

Management

Nike posts surge in Q4 sales and profit

Nike, Inc. said fourth quarter reported revenues were 12.3 billion dollars, up 96 percent compared to prior year and increasing 21 percent compared to the fourth quarter of 2019. Full year reported revenues increased 19 percent to 44.5 billion dollars. Gross margin for the quarter increased 850 basis points to 45.8 percent, while diluted...

Jun 25, 2021

Fashion

Nike launches sustainable Happy Pineapple collection

Sportswear giant Nike has launched its Happy Pineapple collection, using piñatex instead of leather. Piñatex is a plant-based alternative to leather and is crafted by using pineapple leaves. Nike is one of the first brands to use piñatex in its designs, offering 95 per cent renewable resources and enhanced performance. Ananas Anam The new...

Jun 18, 2021

Retail

Hibbett Sports opens new store in California

US-based sports apparel retailer, Hibbett Sports has announced it’s opening a new store in Richmond, California. The new shop is located at 3500 B. Klose Way in the Hilltop Plaza in Richmond and adds to the company’s already one thousand plus stores. The 5,000 square foot boutique-style space offers an open concept with easy exploration of new...

Jun 15, 2021

Fashion

eBay to authenticate collectible sneakers

Ebay’s authentication scheme for sneakers has now rolled out to the UK. The guarantee is currently available for eligible sneakers sold in new condition for 150 USD or more and pre-owned condition sold for 300 USD or more. Eligible sneakers will display a blue Authenticity Guarantee check mark. With the sneaker resale market set to be a billion...

May 31, 2021

Business

Fashion CEOs set sustainable priorities as gaps between goals and action remain

Leaders from fashion companies including Nike, H&M and Kering outlined priorities for a sustainable industry at this year’s Fashion CEO Agenda, while suppliers urged for the bridging of gaps between words and actions. The 2021 agenda introduced five areas of social and environmental sustainability that industry leaders have to focus on:...

May 25, 2021

Fashion

Lyst Index: Gucci remains hottest brand, Nike jumps up rankings

Gucci has retained its position as the world’s hottest brand according to fashion shopping platform Lyst’s most recent index, while Nike jumped up nine spots to take second place. Italian luxury label Gucci remained popular online in the first quarter of the year, with additional buzz being generated by a picture of Lady Gaga and Adam Driver on...

Apr 28, 2021

Business

Nike launches new content series focused on climate change

Sporting giant Nike has released a new content series featuring conversations between some of the world’s prominent climate experts and young leaders. ‘Talking Trash’ explores the way people can contribute to helping the plant and gives practical solutions through meaningful conversations while inviting audiences to ‘think global, act locally.’...

Apr 23, 2021

Fashion

Nike sets new sustainability goals

After rolling out its new sneaker refurbishing program, Nike also has plans for furthering its sustainability goals. The company is currently exploring new business models to extend the life of their products, and the company has also joined the Science Based Targets initiative, which calls for business to lead the way toward a zero-carbon...

Apr 14, 2021