Sports Apparel Makers Face China Exposure Amid Trump Tariff Pause
On Wednesday, the stock market surged after President Donald Trump announced a 90-day pause on the reciprocal tariffs that had gone into effect hours earlier, except for…
Nike
This Stock’s Slide Is an Omen for Sports TeamsÂ
Thursday’s market-wide selloff in the wake of Donald Trump’s tariffs announcement will have wide-ranging impacts for sports teams, their fans and their owners. But…
Nike’s Vietnam Manufacturing Shift Puts It in Trump’s Tariff Crosshairs
For the past two decades, Nike has worked to gradually diversify its manufacturing beyond China, with Vietnam emerging as the company’s most important market for…
Nike, Bulls Quiet as Trump Admin Links Apparel to Gangs
Neither the Chicago Bulls nor Nike have publicly commented on a document, released last week via court filing, that lists their uniforms and sneakers as a way to…
Nike Stock Hits 7-Year Low, Market Cap Falls Below $100 Billion
Nike shares sank 3.8% on Friday and are now down 16.4% for the year, continuing a stunning reversal for the once high-flying brand that has faced layoffs, a CEO switch…
Under Armour Returns to NFL With Shoe and Glove Deal
Under Armour and the NFL signed a long-term partnership to make the Baltimore-based brand an official footwear and glove partner of the world’s richest sports…
Bryant Basketball Snaps 7-Year March Madness Apparel Drought
It’s been seven years since a team took the court in the men’s basketball tournament wearing jerseys that weren’t Nike, Under Armour or Adidas. That streak will end on…
Nike Sales Slump 9%, Execs Leave and New CEO Touts Turnaround Signs
Nike reported third-quarter revenue of $11.27 billion for the three months ending Feb. 28. It marked a 9% decline from the previous year’s quarter, but handily topped…
Adidas Sells Last Yeezy Sneakers as Brand’s 2024 Sales Hit $700M
The once-promising partnership between Adidas and Ye, the rapper previously known as Kanye West, has reached its endgame as the German sportswear giant sold its…
Federer-Backed On Brand Projects 2025 Revenue Up 27% to $3.3B
Swiss-based sportswear firm On Holdings reported fourth-quarter financial results Tuesday morning that beat analyst expectations for both revenue and earnings. The stock…
How SGA Strives to Be a 1-of-1 NBA Superstar and Businessman
Before Shai Gilgeous-Alexander played in Brooklyn on Wednesday night, the Oklahoma City Thunder star made Manhattan’s financial district his runway, sporting Chanel…
Nike Deemed Top Pick by Wall Street Analyst as Stock Rises
Shares of Nike jumped 4.94% on Monday after a Jefferies report highlighted the potential for the stock over the next 12 months with a base case for a 50% gain and an…
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