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☆ Hyper-luxury golf carts that you can drive on the road
▼ + stars: | 2024-05-13 | by ( Jack Bantock | ) edition.cnn.com time to read: +7 min

But one Danish company is on a mission to put the art in golf cart. “When it came to the golf cart 18 years ago, they all looked the same – there weren’t any serious high-end products out there,” Lynge told CNN. You want something that’s sort of Lamborghini-shaped – very low and wide – but the golf cart is the exact opposite.”Tiger Woods rides a conventional golf cart at a tournament in 2005. Lynge took the prize ceremony event as an opportunity to pitch a dream that would be realized in 2016 – a Garia golf car inspired by Mercedes-Benz Style. “Really expensive … super exclusive, but also the coolest golf car you’ll ever see,” Lynge said.

Persons: Anders Lynge, Soren Bak Hansen, ” Lynge, Garia, Lynge, –, “, Woods, Jeff Gross, Mercedes, Lars Larsen, Lynges, ”, we’ve Organizations: CNN, Augusta National, Garia, Bentley, Lamborghini, Kussmaul, Mercedes, Benz, US, Lars Larsen Group Locations: Turnberry, Scotland, Copenhagen, German, Europe, €, London

☆ MLB plans to modify uniforms ahead of 2025 season following complaints, per report
▼ + stars: | 2024-04-29 | by ( Jacob Lev | ) edition.cnn.com time to read: +2 min

CNN —Major League Baseball (MLB) plans to modify its uniforms ahead of the 2025 season following complaints from players and fans, according to ESPN. “A lot of the rhetoric is confirmation that the pants are see-through,” said Clark, according to ESPN back in February. “Universal concern,” Clark added, “is the pant.”The MLBPA declined to comment, and MLB deferred comment to the players association. The union did place blame on Nike and its debut of the new Nike Vapor Premier uniform this season. “We cautioned Nike against various changes when they previewed them in 2022, particularly regarding pants,” the memo added.

Persons: Tony Clark, ”, Clark, “ It’s, ” Clark, Paul Lukas, “ Organizations: CNN — Major League Baseball, ESPN, MLB Players, Nike, MLB, Uni Watch, CNN, “

☆ Caitlin Clark will reportedly sign a sneaker deal with Nike
▼ + stars: | 2024-04-22 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

New York CNN —Caitlin Clark is reportedly set to wear her own signature Nike sneaker in the WNBA. Now she’s set to sign an eight-year deal worth up to $28 million with Nike, according to the Wall Street Journal. The Athletic has reported that Clark’s deal includes a signature Nike shoe. CNN has not independently confirmed a deal between Clark and Nike. Nearly all major stars in the NBA have sneaker deals, including James, Kevin Durant and Luka Doncic with Nike and Stephen Curry with Under Armour.

Persons: Caitlin Clark, Clark, LeBron James, Serena Williams, Derek Jeter, James, Kevin Durant, Luka Doncic, Stephen Curry, Brian Nagel, Sabrina Ionescu, ” Brian Nagel Organizations: New, New York CNN, Nike, WNBA, Wall Street, CNN, State Farm, Gatorade, Panini, NBA, Oppenheimer, New York Liberty Locations: New York

☆ Opinion: Skimpy Olympic uniforms for women are an outrage
▼ + stars: | 2024-04-16 | by ( Opinion Danielle Campoamor | ) edition.cnn.com time to read: +6 min

Nike’s new Olympic outfit designs for the US women and men were revealed last week, and the track and field uniforms have rightly been met with intense criticism. Just look at what Caitlin Clark, Dawn Staley and this year’s women collegiate basketball players did for the NCAA. For the uninitiated, prior to the settlement the women were earning as little as 40% of what the men were paid, despite winning four World Cup championships. A woman, Simone Biles, is the most decorated gymnast of all time, winning an astounding 37 World and Olympic medals… and she’s not done competing. Instead, while male athletes are simply referred to as “athletes,” we are “women athletes” who must shave and trim, wax and pluck our way into the hearts and minds of… men.

Persons: Danielle Campoamor, CNN —, Danielle Campoamor Ashley Batz, Leslie Jones, Katie Moon, ” Katelyn Hutchison, ” Jaleen Roberts, ” Lauren Fleshman, “, Fleshman, Caitlin Clark, Dawn Staley, Simone Biles, —, I’m, ” Organizations: NBC, CNN, Olympics, Paris Games, NPR, Nike, Air, University of Kentucky, NCAA, US Soccer, Team USA, Go Locations: Paris

☆ Why Nike wants to make Air Force 1 sneakers harder to find
▼ + stars: | 2024-03-25 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +4 min

New York CNN —Nike Air Force 1 and Nike Pegasus sneakers are everywhere. The Air Force 1 and Pegasus are staples of Nike’s sneaker lineup, and some of Nike’s oldest sneaker lines. The Air Force 1’s are known for their all-white design, while the Pegasus have large Nike swooshes on their mid-sole. “We are pulling back supply of classics such as the Air Force 1, and we’re reducing supply of Pegasus.”Nike’s moves could also make it harder for consumers to find traditional white Air Force 1 sneakers and Pegasus versions at shoe stores. Sneaker collectors focus on limited-edition and special collaboration lines — not mass market lines like Air Force 1, he said.

Persons: Matthew Friend, “, ”, Christopher Burns, Burns, Nike, Randal Konik, Joe Biden, Locker Organizations: New, New York CNN, Nike Air Force, Nike Pegasus, Nike, Air Force, Pegasus, Arch USA, Jefferies, Consumer, White, Dick’s Sporting Goods Locations: New York, French

☆ Australia women’s goalkeeper jerseys finally go on sale – six months after the World Cup
▼ + stars: | 2024-02-26 | by ( George Ramsay | ) edition.cnn.com time to read: +2 min

CNN —From this week, soccer fans will be able to buy Australian goalkeeper Mackenzie Arnold’s Nike jersey, more than six months after she wore the purple top at the Women’s World Cup. Arnold kept a tournament-high four clean sheets during the Matildas’ run to the semifinals of last year’s Women’s World Cup, which was co-hosted by Australia and New Zealand. That prompted England shot-stopper Mary Earps to campaign vociferously for the sportswear company to release the women’s goalkeeper jerseys ahead of the tournament. CNN has contacted Nike for comment regarding the release of the Australian goalkeeper jersey. Arnold kept four clean sheets at the Women's World Cup last year.

Persons: Mackenzie Arnold’s Nike, Arnold, ” Arnold, England, Mary Earps, vociferously, Brendon Thorne, Ashley Reade, ’ Organizations: CNN, Football Australia, France, Australia, Nike, Reuters, Nike’s Pacific, Australian, Uzbekistan Locations: Australia, New Zealand, England, US, France, Netherlands, Melbourne, Paris

☆ Why the new Major League Baseball jerseys have players and fans furious
▼ + stars: | 2024-02-21 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +6 min

New York CNN —Major League Baseball players will be wearing new jerseys this season. Some players have complained that there are fewer tailored options available for pants, and the players’ union has reportedly raised criticism of the jerseys to Nike and MLB. (The Major League Baseball Players’ Association did not respond to CNN’s request for comment.) Teams retire their most important players’ jersey numbers. “This is joining that narrative.”Some NHL fans, like baseball fans, are worried about Fanatics’ deal with the NHL to produce authentic jerseys players wear in games because of concerns about quality, limited selection and prices.

Persons: Sam Navarro, ”, cringe, Stephen Andon, ” Andon, “, Nike, ” Jason Heyward, Rob Manfred, They’re, what’s, Paul Lukas, Billie Weiss, ” Lukas, ’, Andon Organizations: New, New York CNN — Major League Baseball, Nike, MLB, Louis Cardinals, Philadelphia Phillies, Mariners, USA, Reuters, Baltimore Orioles, Major League Baseball Players ’, Montclair State University, Los Angeles Dodgers, NFL, NBA, NHL, Topps, Mitchell, Sports, Uni Watch, Boston Red Sox, Adidas, Reebok, CNN Locations: New York, New St

☆ REDs: These young athletes were bound for stardom until a mysterious condition derailed their running careers
▼ + stars: | 2024-02-15 | by ( Issy Ronald | ) edition.cnn.com time to read: +14 min

CNN —They were two exceptionally promising athletes, seemingly bound for track and field stardom, when their careers were derailed by a condition that doctors and researchers say they are only now beginning to understand. ‘Instituional buy-in’REDs’ symptoms can affect anyone, particularly athletes training in a culture that celebrates overtraining and undereating – or that has an unhealthy relationship with weight. Eventually, her blog morphed into Project RED-S – a site filled with resources for athletes, coaches and supporters. Access to “dietician input … and appropriate psychological support if it’s needed,” can also help prevent and treat REDs, Dr. Jawad says. Woolven’s Project RED-S aims to provide that support she lacked and initiatives like this allow Cain to envision a future that “looks really bright.”“I’m hopeful,” Cain says.

Persons: CNN —, Mary Cain, Pippa Woolven, Martin Rickett, ” Dr, Farrah Jawad, wouldn’t, Dr, Kathryn Ackerman, Cain, Woolven, you’re, ”, “, Eric Draper, marathoner Alberto Salazar, “ It’s, you’re undereating, Salazar, Women’s, ” Salazar, Jessica Rinaldi, ” Cain’s, Dave Thompson, ” accidently, ‘ Instituional, Ackerman, ‘, Nobody, Jawad, Matt Dunham, “ it’s, ” Cain Organizations: CNN, Championships, Florida State University, REDs, British Universities, Colleges Sports, Pure Sports, CNN Sport, IOC, Harvard Medical School, Sports Medicine Division, Boston Children’s Hospital, Nike Oregon Project, Reuters, The New York Times, Nike, Oregonian, Oregon Project, Sports, Doping Agency, New York Times, Florida State, ’ REDs, Health, New, National Trust, Atalanta NYC Locations: London, British, Tallahassee, “, America, ”

☆ Kelvin Kiptum was targeting even more marathon history before his death aged 24
▼ + stars: | 2024-02-13 | by ( George Ramsay | ) edition.cnn.com time to read: +6 min

CNN —Before his life was cut short at the age of 24 in a road accident, Kelvin Kiptum had been intent on achieving even more history in his brief but extraordinary marathon running career. Of the seven fastest marathon times in history, Kiptum owns three of them. “I offer my deepest condolences to his young family.”Kiptum stands next to a timer displaying his marathon world record in Chicago. He raced his first marathon in Valencia two days after his 23rd birthday and within the space of a year had become the world record holder. “I will get close to the sub-two barrier, so why not aim to break it?” Kiptum had said in November.

Persons: Kelvin Kiptum, Kiptum’s, ” Kiptum, Gervais Hakizimana, Sebastian Coe, John Walton, Kiptum, Eliud Kipchoge’s, Kipchoge, “, ” Kipchoge, Michael Reaves, Getty, Kiptum –, Hakizimana, ” Hakizimana, I’m Organizations: CNN, Rotterdam Marathon, Kiptum, London Marathon, World Athletics, AFP, Chicago Marathon, Toyota, Kenyan Locations: Valencia, London, Chicago, Kenya, Austrian, Vienna, Chepsamo, Chepkorio, Eldoret, West, Europe, Rwanda, Rotterdam

PORTLAND, Ore. (AP) — A federal judge has ordered an Oregon newspaper not to publish documents that it obtained regarding a sex discrimination lawsuit against sports behemoth Nike. When the news outlet declined, the attorney filed a court motion requesting they be returned. U.S. Magistrate Judge Jolie Russo approved the motion on Friday and ordered the news outlet to return the documents. Russo said the documents fall under the case’s protective order, which withholds some content from public view. The news outlet said it was working on a separate article based on independent reporting when it received the documents.

Persons: Judge Jolie Russo, ” Russo, Russo, OregonLive, “, ”, Content Therese Bottomly Organizations: —, behemoth Nike, Oregonian, U.S, Content, Nike, Associated Press Locations: PORTLAND, Oregon

☆ Tiger Woods and Nike’s ‘seismic’ partnership is over. Where do they go from here?
▼ + stars: | 2024-01-10 | by ( Jack Bantock | ) edition.cnn.com time to read: +10 min

After 27 years, 15 major championships, 82 PGA Tour wins and hundreds of millions of dollars in endorsement contracts, Tiger Woods and Nike announced the end of their collaboration on Monday. With Woods marking the sportswear company’s “significant entry” into golf, the partnership – and its impact – was “seismic,” explained Ben Peppi, sports commercial expert at JMW Solicitors. “For a long time post-Michael Jordan’s retirement, pre-Cristiano Ronaldo, Tiger Woods was Nike,” Peppi told CNN Sport. He transcends his sport – he wasn’t just a golf ambassador, he was a Nike icon.”As Woods became synonymous with golf, Nike became synonymous with Woods. Woods and Knight at the Tiger Woods Foundation's 20th Anniversary Celebration, held at the New York Public Library in 2016.

Persons: Tiger Woods, Woods, –, J.D, ”, Ben Peppi, Michael Jordan’s, Cristiano Ronaldo, ” Peppi, “, Tiger, Tiger …, David Cannon, Arnold Palmer, Bob Dorfman, ” Nike, Phil Knight, Knight, Gustavo Caballero, Peppi, “ There’s, Jason Day, Roger Federer, Federer, Yoshikazu, Michael Jordan, David Beckham, Usain Bolt, Puma, “ They’re, that’s, ’, it’s Organizations: CNN, Nike, Stanford University, Pumpkin, JMW Solicitors, “, CNN Sport, Augusta National, Gatorade, Accenture, Arnold Palmer Invitational, Baker, New York Public Library, Adidas, PGA, & $ Locations: golf’s, Cornelius , Oregon, Woods, ’, Japan

☆ The Best Black Friday Deals on Clothing and Shoes
▼ + stars: | 2023-11-17 | by ( Madeline Diamond | ) www.wsj.com time to read: +7 min

By Madeline DiamondBlack Friday deals are already in full swing, and many of those markdowns are on clothing, shoes and accessories that we’ve tested and can recommend. Shop these items and a variety of active and loungewear made from recycled materials on sale now through Black Friday. NikeSave up to 60% on select clothing, shoes and accessories during Nike’s Black Friday sale. Black Friday handbag and accessories dealsCoachTake 25% off select full-price styles at Coach right now, and save even more on other sale items. Lo & SonsWe’ve recommended Lo & Sons’ travel bags in our stories on the best travel wallets and the best travel backpacks.

Persons: Madeline Diamond, Lo, Earth’s, loungewear, J.Crew J.Crew’s, Madewell, Nordstrom, REI, Cole Haan, Stuart Weitzman Stuart Weitzman, Zappos, it’s, We’ve Organizations: SCORE, Nike, Nordstrom, Vince, Black Locations: REI, men’s

☆ How Nike Fell Behind in the Innovation Race
▼ + stars: | 2023-10-21 | by ( Inti Pacheco | ) www.wsj.com time to read: 1 min

Nike said sales of footwear in North America—its largest market—fell 2% in the latest quarter. Photo: Benjamin Girette/Bloomberg NewsNike made a swift comeback earlier this month in the super-shoe fight when marathon runner Kelvin Kiptum set a world record while wearing a new iteration of the company’s Alphafly 3. But the sneaker maker is losing steam in other races. Competitors such as Hoka and On are gaining a foothold among runners and with people who are looking for something comfortable to wear to work or school. Adidas and New Balance are also making headway in the market for streetwear by bringing back old models in dozens of colorways, moves similar to those from Nike’s own playbook.

Persons: Benjamin Girette, Kelvin Kiptum Organizations: Nike, Bloomberg News Nike, Adidas, streetwear Locations: North America

NEW YORK, Oct 9 (Reuters) - Nike released a replica jersey for England goalkeeper Mary Earps on Monday, after facing widespread criticism for not selling the popular Women's World Cup finalist's shirt. Earps was one of the standout stars of the Women's World Cup in Australia and New Zealand this year, earning FIFA's Golden Glove award. She was voted England Women's Player of the Year last month . More than 170,000 people signed a Change.org petition calling on Nike to sell jerseys for Earps and other women goalkeepers. The England men's goalkeeper jersey is available to buy on Nike’s website.

Persons: Mary Earps, Earps, ” Earps, “, Katherine Masters, Amy Tennery, Lincoln Organizations: Nike, England, England Football Association’s, Reuters, Federation, U.S ., Sports, Thomson Locations: Australia, New Zealand, Spain, U.S, France, Netherlands, England

☆ Stock Market Today: Dow Futures Rise; Nike Shares Jump
▼ + stars: | 2023-09-29 | by ( ) www.wsj.com time to read: +1 min

Stock futures and Treasury bonds recovered some ground, but major indexes were still on track for the worst quarterly performance in a year. Stocks have come under pressure from the bond selloff, which propelled the 10-year Treasury yield to the highest level since 2007 earlier this week. The S&P 500 is down 3.3% this quarter and the Dow has lost over 2%. Treasury notes recovered some ground. The benchmark 10-year Treasury yield extended its retreat into a second day, as did the U.S. dollar.

Persons: Stocks, Dow, ”, John Roe Organizations: Legal, General Investment Management, Nasdaq, Dow, Treasury, ., bund Locations: Europe

☆ Podcast: The Biden administration's strategy is contributing to the increase of sexual violence on the border, experts say
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +1 min

Experts say the Biden administration’s new border strategy is contributing to the increase. Nike’s Air Jordans are losing their resale value. Is sneaker culture moving on? Further ReadingSuicide blast in southwest Pakistan kills at least 52, more than 50 injuredNike Air Jordans are losing resale value. Is sneaker culture moving on?

Persons: Taylor, Wagner, Putin, Troshev Organizations: Apple, Google, Reuters, Biden, NFL, Putin, Thomson, Nike Air Jordans Locations: Mexico, Pakistan, Ukraine

☆ Nike investors reject pay equity, human rights proposals
▼ + stars: | 2023-09-12 | by ( Katherine Masters | ) www.reuters.com time to read: +1 min

[1/2] The Nike swoosh logo is pictured on a store in New York City, New York, U.S., September 4, 2018. REUTERS/Carlo Allegri/File Photo Acquire Licensing RightsNEW YORK, Sept 12 (Reuters) - Nike investors voted against two shareholder-led proposals during the sportswear giant’s annual meeting on Tuesday, according to a preliminary tally by the company. One of the resolutions, filed by Massachusetts-based investment adviser Arjuna Capital, called on Nike to provide more data on pay equity for female and minority employees. The company will disclose the final vote tally in a future U.S. Securities and Exchange Commission filing. Arjuna’s resolution on pay equity reporting failed for the second time since 2021 despite backing from proxy advisory firm Institutional Shareholder Services, which in August recommended that investors vote for the proposal.

Persons: Carlo Allegri, Arjuna Capital, John Donahoe, Katherine Masters, Josie Kao Organizations: Nike, REUTERS, U.S . Securities, Exchange Commission, Services, Reuters, Thomson Locations: New York City , New York, U.S, Massachusetts, Cambodia, Thailand

☆ Nike urged to backpay garment workers ahead of annual meeting
▼ + stars: | 2023-09-11 | by ( Katherine Masters | ) www.reuters.com time to read: +3 min

The investors want Nike to provide $2.2 million in allegedly unpaid wages to more than 4,000 workers at two suppliers in Cambodia and Thailand. The investor request could add more pressure to sportswear giant Nike (NKE.N), which is set to hold its annual shareholder meeting on Tuesday. Before the factory's closure in July 2020, Violet Apparel was owned by global textile manufacturer and Nike supplier Ramatex, according to WRC. WRC alleges that Violet Apparel made clothing for Nike as a subcontractor until 2020, citing what it said was testimony from factory workers and photographs taken inside the factory. Nike said it found "no evidence to support the claims" that Violet Apparel made Nike items after 2006.

Persons: John Donahoe, Kees Gootjes, Violet Apparel, Violet, Katherine Masters, Josie Kao Organizations: Nike, Reuters, Canadian, ABN AMRO, Washington, D.C, Workers Rights Consortium, Violet, Violet Apparel, Ramatex, WRC, Apparel, Hong Seng, Thomson Locations: Cambodia, Thailand

That's down from 13% of Nike's women's team products which sold out during the same tournament in 2019, the data shows. For that reason, marketers must bear in mind the risk that the growing fanbase could see their support for women's soccer as disingenuous. To recognize the impact grassroots teams have in creating excitement about women's soccer, Adobe's ad also featured London-based community women's soccer clubs Peaches FC and Baesianz FC, said Sabina Strasser, Senior Director, Brand Experience EMEA at Adobe. Sporting goods retailer Fanatics has more than 475 U.S. women's team products for sale this year, up from about 175 in 2019, the company told Reuters. As of Monday, the generic Adidas Women's World Cup soccer ball was among its top sellers in FIFA World Cup Gear.

Persons: Sam Kerr, Carl Recine, Megan Rapinoe, Alex Morgan, Grace Geyoro, Martine Rose, Nike's, Jan Runau, Yvonne Henderson, Bob Dorfman, England's Lionesses, Mary Earps, Bjorn Gulden, Sabina Strasser, Amy Tennery, Sheila Dang, Kate Masters, Shri Navaratnam Organizations: Soccer, Nike FC, REUTERS, Adidas, misstep, U.S, Nike, FIFA, Sporting Goods, Women's, Asisat, United States Women’s, Pricing, In, Pinnacle Advertising, Germany's Bayern Munich women's, Peaches FC, Baesianz FC, Brand, EMEA, Adobe, Sporting, Reuters, U.S ., Thomson Locations: Sydney, Australia, AUCKLAND, New Zealand, DICK's, U.S, French, Barcelona, England, Sweden, Spain, Tuesday's, Germany, London, Auckland, Dallas , Texas, New York

☆ As drinkers shift to spirits, Molson Coors acquires a bourbon maker
▼ + stars: | 2023-08-08 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

Molson Coors, best known for brewing Coors Light and Miller Lite, is acquiring Blue Run Spirits, a cult favorite high-end bourbon and rye whiskey brand, for an undisclosed price, exclusively told to CNN. It’s part of the company’s pivot to becoming a broader beverage company focusing on drinks beyond beer, especially since US spirit sales surpassed beer sales last year for the first time ever. Blue Run is a Kentucky-based startup that makes premium bourbon whiskeys with prices ranging from $100 to $250 for a bottle. Molson Coors is buying buzzy bourbon brand Blue Run for an undisclosed price. Molson Coors' whiskey and bourbon portfolio now consists of three brands.

Persons: Mike Montgomery, Molson, Devon McKinney, ” Montgomery, “, ”, it’s, Molson’s, Michelle St, Jacques, David Coors, Molson Coors, Blue, Lisa Hawkins Organizations: New, New York CNN, Molson Coors, Coors, CNN, Blue, Nike’s Air Force, Molson, Topo, Co, bourbons, Molson Coors Montgomery, Coors Spirits Co, “ Beer Locations: New York, Kentucky, Topo Chico, Montgomery, United States

☆ How Aimé Leon Dore Took New York
▼ + stars: | 2023-07-27 | by ( Jon Caramanica | More About Jon Caramanica | ) www.nytimes.com time to read: +2 min

He met Anthony Bigio, now vice president for design, when Mr. Bigio was designing custom Air Force 1s for clients at Nike’s Mercer Street location. Joe Bavasso, now ALD’s vice president for product, had a job at Todd Snyder but sought out Mr. Santis in hopes that ALD would sponsor his summer basketball team in the Rockaways. A few years ago, Mr. Santis discovered the New Balance 550, a low-top lifestyle sneaker, in an old New Balance catalog and revived it as a collaborative release with ALD. Since then, the 550 has become in “a staple iconic franchise for New Balance,” said Chris Davis, the New Balance chief marketing officer and senior vice president for global merchandising. “It was one of those phenomenons in sneaker culture that only comes around once every few years.”

Persons: David Z, Michael K, ravenously, Santis, Anthony Bigio, Bigio, Joe Bavasso, Todd Snyder, ”, Chris Davis Organizations: Air Force, Nike’s, Yankees, Mets, New, New Balance

☆ A former Nike runner says the company stopped paying her while she was pregnant and portrayed her as 'Miss America in a crop top'
▼ + stars: | 2023-04-10 | by ( Matthew Kish | ) www.businessinsider.com time to read: +7 min

Nike "takes great pride as a leader in supporting female athletes," the company said. Goucher's book also describes a persistently sexist culture at the Nike Oregon Project and says that Alberto Salazar, a celebrated distance runner and former Nike coach, sexually assaulted her. "My story helped sell shoes, shorts, T-shirts, and bras," Goucher wrote of her time as a Nike-backed runner. "In 2018 we standardized our approach across all sports to support all of our female athletes during pregnancy," Nike said in the statement. We know that Nike can continue to play an elevated role in supporting female athletes and improving their experience in sports."

☆ Nike faces shareholder proposal on human rights
▼ + stars: | 2023-03-31 | by ( Katherine Masters | ) www.reuters.com time to read: +3 min

NEW YORK, March 30 (Reuters) - Activist shareholder platform Tulipshare is calling on Nike (NKE.N) to offer more transparency on working conditions in its supply chain. In a shareholder proposal released Thursday, London-based Tulipshare requested a report from Nike on whether its policies effectively address its stated equity goals and human rights commitments. The company’s most recently available impact report from fiscal 2021 cites forced labor, supply chain transparency and labor rights as some of its essential priorities. “Nike did not engage with garment worker unions representing Nike supply chain workers about those impacts, despite the OECD Guidelines’ expectation that multinational enterprises do so and despite unions’ requests for dialogue,” the complaint states. In a fiscal 2022 statement on forced labor, Nike said it is growing its business "through long-term relationships with suppliers that are committed to our strict standards of sustainability and human rights, product excellence and compliance with local laws."

☆ Nike outruns its competitors
▼ + stars: | 2023-03-22 | by ( ) www.reuters.com time to read: +2 min

Its challenges include unsold goods it has to shift, an 8% drop in year-on-year sales in China, and falling gross profit margins. Nike is nonetheless in a relatively enviable position. Nike is also sporting a five-year total shareholder return of 105%, where Adidas and Under Armour’s are both negative. Even with blips, that shows it has been a better long-term run for investors. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Kanye West blunder puts Adidas in play
▼ + stars: | 2023-03-15 | by ( Aimee Donnellan | ) www.reuters.com time to read: +4 min

After a disastrous breakup with the musician formerly known as Kanye West, the $28 billion sneaker maker is slashing dividends and heading for the first loss in decades. Last year, Adidas spent 12.3% of its 22.5 billion euros of revenue on marketing and similar expenses. If it were to return to the 13.9% it allocated in 2015, it would add 2 billion euros of extra costs over the next five years, Breakingviews calculations show. Swooping on Adidas would allow the U.S. athleisure giant to dominate sportswear by servicing women and men across a wide spectrum of categories. Shares in Adidas were down 2.4% at 144.50 euros by 0859 GMT on March 15.

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