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In November 2023, Nike announced a 9% dividend increase -- marking the 22nd consecutive year the company raised the dividend. Nike now yields a respectable 1.8% -- which is higher than the yield ...
On March 3, 2023, Nordstrom announced that it would close all of its Canadian full-line and Nordstrom Rack stores by June 13, 2023. [232] Olympia Sports announced the closure of all of its remaining stores in late July 2022. It had 35 stores at the time of the announcement, down from 225 at its peak. [233]
Data source: Nike. Chart by author. Nike expects that slowdown to deepen, with a mid-single-digit drop in its reported revenue in fiscal 2025. Analysts are bracing for a 5% decline.
Store closures in the U.S. last year hit the highest level since the pandemic — and even more locations are expected to shutter this year, as shoppers’ dollars increasingly go to a few ...
Nike and Off-White: "The Ten" was a sneakers collaboration between Nike and Off-White in 2017. It initially involved the deconstruction of ten iconic Nike silhouettes, designed by Founder and CEO of Off-White, Virgil Abloh. The ten shoes were individually broken down by Abloh, and then rebuilt with a different design and rearranged components.
The new guy, Elliott Hill, is only a couple of weeks in but already secured a 12-season extension of Nike’s partnership with the NBA and WNBA, ensuring the swoosh will stay on pro-basketball’s ...
A crowd of WGA and SAG-AFTRA members strike in Los Angeles on June 21, 2023.. The 2023 Writers Guild of America strike had a significant impact on the film and television industries of the United States, causing many film and television projects to shut down or postpone production.
Nike on Sunday said it will close stores in Canada, Western Europe, Australia and New Zealand from March 16 to 27. The virus, which began in China at the end of last year, has led to school ...