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☆ Inti Pacheco — Data reporter at The Wall Street Journal
▼ + stars: | 2023-10-21 | by ( Inti Pacheco | ) www.wsj.com time to read: 1 min

Inti PachecoInti Pacheco is a data reporter for The Wall Street Journal focusing on corporate news. He previously worked as an investigative reporter for Univision News and Columbia University's Graduate School of Journalism.

Persons: Inti, Inti Pacheco Organizations: Wall, Univision News, Columbia University's Graduate School of Journalism

☆ 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

☆ Home Depot Tracked a Crime Ring and Found an Unusual Suspect
▼ + stars: | 2023-10-08 | by ( Inti Pacheco | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/retail/home-depot-tracked-a-crime-ring-and-found-an-unusual-suspect-ed31f6e8

Persons: Dow Jones

☆ America’s Battle With Shoplifting Is Getting Dangerous for Workers
▼ + stars: | 2023-09-14 | by ( Inti Pacheco | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/retail/americas-battle-with-shoplifting-is-getting-dangerous-for-workers-911603a4

Persons: Dow Jones

☆ What Top Executives Are Saying About a Soft Landing
▼ + stars: | 2023-08-13 | by ( Inti Pacheco | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/what-top-executives-are-saying-about-a-soft-landing-4daf9123

Persons: Dow Jones

☆ Nike Broke Up With Retailers. Now It’s Trying to Win Them Back.
▼ + stars: | 2023-06-10 | by ( Inti Pacheco | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/nike-broke-up-with-retailers-now-its-trying-to-win-them-back-6c0b475c

Persons: Dow Jones Organizations: nike

☆ Nike Broke Up With Retailers. Now It’s Trying to Win Them Back
▼ + stars: | 2023-06-10 | by ( Inti Pacheco | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/nike-broke-up-with-retailers-now-its-trying-to-win-them-back-6c0b475c

Persons: Dow Jones Organizations: nike

☆ Nobel Laureate Robert E. Lucas Jr., Who Transformed Macroeconomics, Dies at 85
▼ + stars: | 2023-05-19 | by ( Inti Pacheco | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/nobel-laureate-robert-e-lucas-who-transformed-macroeconomics-dies-at-85-a71590c7

☆ CEO Pay Packages Fell Sharply in 2022 as the Stock Market Sank
▼ + stars: | 2023-05-15 | by ( Inti Pacheco | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/ceo-pay-packages-fell-sharply-in-2022-as-the-stock-market-sank-3d06eb69

☆ CEO Pay Packages Fell Sharply in 2022, the First Decline in a Decade
▼ + stars: | 2023-05-15 | by ( Inti Pacheco | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/ceo-pay-packages-fell-sharply-in-2022-as-the-stock-market-sank-3d06eb69

☆ The Monks Who Make Chartreuse Don’t Care About Your Fancy Cocktails
▼ + stars: | 2023-04-06 | by ( Inti Pacheco | ) www.wsj.com time to read: 1 min

Monks from the 900-year-old Carthusian order in the French Alps have cocktail devotees shaken and stirred. The herbal liqueur Chartreuse, long made by the community, has been in short supply in drinking establishments far and wide. The mystery has been solved, and it is bittersweet. It turns out the secretive monks, who closely guard the recipe for the fluorescent spirit, have chosen to focus more on prayer and solitude over expanding their historic business.

☆ Nike Sales Jump as It Works Through Inventory Glut
▼ + stars: | 2023-03-21 | by ( Inti Pacheco | ) www.wsj.com time to read: 1 min

Nike had started increasing discounting last summer but worked more aggressively to clear out items in the fall quarter. Nike Inc. made progress working through the inventory glut that squeezed the sneaker maker last year, reporting a 14% jump in quarterly sales and raising its revenue growth target. The sportswear company said its inventory increased 16% in the quarter ended Feb. 28 compared with the same period a year ago. Inventories had swelled by more than 40% in each of the prior two quarters.

☆ Clothing Companies Lean on Retailers to Help Ease Inventory Glut
▼ + stars: | 2023-02-10 | by ( Inti Pacheco | ) www.wsj.com time to read: 1 min

Several major apparel and accessory brands this week reported weaker sales, a sign that the industry is still struggling to address last year’s retail inventory glut and the prospect of weaker consumer spending. Companies have been discounting everything from Levi’s skinny jeans to Vans sneakers and reporting squeezed profits as a result. At the same time, department stores have been slower to replenish merchandise or canceled orders as consumer demand remains fragile and they address their own product glut, retail executives said.

☆ A Sneakerhead’s Worst Nightmare: Everyone Is Wearing Your Limited-Edition Nikes
▼ + stars: | 2023-02-07 | by ( Inti Pacheco | ) www.wsj.com time to read: 1 min

Zack Jones, a 26-year-old M.B.A. student from Provo, Utah, loves sneakers and the chase of getting them, especially the Nike Inc. limited-edition versions that can sell out fast. In early 2021, he paid a reseller $280—2½ times the sticker price—to snag a pair of “Panda” Dunks, a white-and-black leather sneaker by Nike, when he wasn’t able to get a pair directly from the sneaker giant. Then Nike did something that sneakerheads didn’t expect. The company, stepping on the thrill, restocked the Panda Dunk several times after the initial release. Suddenly the shoes were everywhere, which can be the kiss of death for collectors and die-hards who are trying to look different.

☆ Nike Sales Jump But Inventory Remains Elevated
▼ + stars: | 2022-12-21 | by ( Inti Pacheco | ) www.wsj.com time to read: 1 min

Nike Inc.’s efforts to step up discounts on sneakers and other products helped lift sales in the latest quarter, but it signaled that progress remains in cutting its inventory levels. The sneaker giant on Tuesday said sales in its second quarter rose 17% from a year ago and profits were roughly flat, a better-than-expected result than analysts estimated that helped send shares up more than 7% in after-hours trading.

☆ Nike Raises Outlook After Making Progress With Inventory Woes
▼ + stars: | 2022-12-20 | by ( Inti Pacheco | ) www.wsj.com time to read: 1 min

Nike Inc. on Tuesday raised its revenue outlook and said that its inventory challenges are abating, signs that the sneaker giant’s efforts to use discounts to clear out excess merchandise are helping the business. The company said revenue in its second quarter rose 17% from a year ago and profits were roughly flat, a better-than-expected result than analysts estimated that helped send shares up more than 11% in after-hours trading.

☆ Nike Parts Ways With Kyrie Irving
▼ + stars: | 2022-12-05 | by ( Inti Pacheco | ) www.wsj.com time to read: 1 min

Basketball star Kyrie Irving returned to the court in late November after missing eight games. Nike Inc. said the company is no longer working with Kyrie Irving. The statement Monday comes a month after the sneaker giant first suspended its endorsement of Mr. Irving as the company moved to distance itself from the basketball star. In November, Nike said it would no longer launch the Kyrie 8, a sneaker that was slated to be released that month.

☆ Nike Severs Ties to Brooklyn Nets Player Kyrie Irving
▼ + stars: | 2022-12-05 | by ( Inti Pacheco | ) www.wsj.com time to read: 1 min

Nike Inc. said Monday that Kyrie Irving is no longer a Nike athlete, ending a more than decadelong relationship with the basketball star that resulted in the creation of a sneaker line that was popular with professional athletes and consumers. The brief statement from the sneaker giant comes after it suspended its endorsement of Mr. Irving in early November and the release of the Kyrie 8, a sneaker model that had been expected to make its debut later that month. Nike decided to take action against Mr. Irving after he promoted a movie containing false conspiracies about Jews and was slow to disavow holding anti-Semitic beliefs. The Brooklyn Nets of the National Basketball Association also suspended Mr. Irving at the time.

☆ Adidas Top Executives Discussed Risk of Staff’s ‘Direct Exposure’ to Kanye West Years Ago
▼ + stars: | 2022-11-28 | by ( Khadeeja Safdar | Inti Pacheco | ) www.wsj.com time to read: 1 min

Adidas AG’s chief executive and senior leaders in Germany discussed as far back as four years ago the risk of continuing a relationship with Kanye West that they feared could blow up at any moment, according to people familiar with the matter and documents reviewed by The Wall Street Journal. A 2018 presentation to members of the Adidas executive board, a group that included CEO Kasper Rorsted and the head of human resources, highlighted the risks for employees interacting with Mr. West and detailed mitigation strategies for the relationship with the Yeezy creator, including cutting ties with the rapper-turned-designer, documents show.

☆ The $300 Million Sneaker King Comes Undone
▼ + stars: | 2022-11-04 | by ( Inti Pacheco | ) www.wsj.com time to read: 1 min

Self-described sneakerheads bidding up prices for limited-edition kicks sold online have created profits for tens of thousands of entrepreneurial kids and adults. In nine years, Michael Malekzadeh outpaced the crowd to become an American sneaker celebrity. He made more than $300 million in the sneaker resale market, where scarcity and cool have driven runaway prices.

☆ Nike Suspends Partnership With Kyrie Irving After He Shared Anti-Semitic Film
▼ + stars: | 2022-11-04 | by ( Inti Pacheco | ) www.wsj.com time to read: 1 min

Kyrie Irving was suspended by the Brooklyn Nets for being slow to disavow anti-Semitism. Nike Inc. suspended its relationship with Kyrie Irving, moving to distance itself from the basketball star after he was suspended by his team for being slow to disavow anti-Semitism. Nike said Friday it was suspending its endorsement deal effective immediately and would no longer launch the Kyrie 8, one of its flagship products. Nike released Mr. Irving’s first signature shoe in 2014. The Kyrie 8 was slated to be released later this month.

☆ Kanye West’s Partners Flee, Putting His Future in Fashion and Business in Doubt
▼ + stars: | 2022-10-26 | by ( Jacob Gallagher | Inti Pacheco | ) www.wsj.com time to read: 1 min

Kanye West publicly aspired to become the Steve Jobs of apparel. His erratic behavior and anti-Semitic comments have cost him key partners, derailed his earnings and jeopardized his future in fashion and entertainment. Adidas on Tuesday became the latest partner to cut ties with Mr. West, who goes by Ye, citing the musician and fashion-brand owner’s recent string of anti-Semitic comments. In a statement, Adidas said it “does not tolerate antisemitism and any other sort of hate speech.”

Adidas said it would end its partnership with Kanye West after a string of controversies including a recent anti-Semitic outburst from the musician and fashion-brand owner. The move, which ends a lucrative arrangement that has produced the popular Yeezy collection of sneakers, comes after weeks of pressure on the German sportswear company from human-rights advocates and after other businesses severed their ties with Mr. West, who goes by Ye. Retail chain Gap film-and-television studio MRC and French fashion house Balenciaga are among companies that have distanced themselves from Mr. West in recent weeks.

Adidas said it would end its partnership with Kanye West and Gap Inc. said it would pull apparel he helped design from its stores, after a string of controversies including a recent anti-Semitic outburst from the musician and fashion-brand owner. Adidas’s decision, which ends a lucrative arrangement that has produced the popular Yeezy collection of sneakers, comes after weeks of pressure on the German sportswear company from human-rights advocates and after other businesses severed their ties with Mr. West, who goes by Ye.

☆ Nike Moves to Crimp Resellers and Might Cancel Orders Made Using Bots
▼ + stars: | 2022-10-11 | by ( Inti Pacheco | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/nike-moves-to-crimp-resellers-and-might-cancel-orders-made-using-bots-11665506775

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