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Nike

🌎 nike.com

NIKE, Inc. is a purpose-driven organization based in Beaverton, Oregon, focused on designing, marketing, and distributing athletic footwear, apparel, equipment, and accessories. The company is committed to inspiring athletes and promoting diversity, innovation, and teamwork. Nike is recognized as the leading sports brand globally, empowering individuals through innovative products and services.

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Updates as of Oct 08, 2024

• Nike's stock is plummeting despite high demand for sneakers that resellers profit from significantly.
• Wichita State University announced a new partnership with Nike and BSN SPORTS, making Nike the official outfitter for its athletic department starting July 1, 2025.
• Nike CEO suspends Caitlin Clark's contract after WNBA elimination.
• Liverpool's new Nike third kit features an upside-down swoosh logo as part of the 'Together We Rise' collection, celebrating women's sports and the city's culture.
• Nike signed an eight-year, $28 million contract with basketball star Caitlin Clark but has not effectively marketed her despite her immense popularity.

• Nike plans to release the Air Foamposite Pro in 'Wolf Grey' during Holiday 2024, referencing the original 1997 'Silver' colorway.
• LeBron James debuted the new Nike LeBron 22 'Blacklight' at the Lakers Training Camp on October 4, 2024.
• In 2024, Nike's Kobe sneaker sales nearly quadrupled after re-launching the line and increasing releases to a monthly basis.
• Nike will release the Nike Air Diamond Turf 'Ravens' sneaker in summer 2025, featuring an all-black suede upper with gold mesh and purple accents.
• Suzanne Arentsen, Vice President of Human Resources at Nike, announced a job opportunity on October 8.
• Nike's DSG Marketplace Supply Chain team won 'The Best Game' award in the MPU Quarterly Awards for their work with the new SAP S/4 system.
• Nike is currently hiring for the position of Principal Software Engineer - Android Mobile Platform in the United States.
• Nike is currently hiring for the position of Lead, Motion Capture Studio Innovation in the United States.
• Nike is currently seeking a Director, Global Audit and Risk Management in the United States.
• Nike is currently hiring for the position of Lead Yarn Quality in the United States.
• Matt Jones is leaving Nike as Senior Director of Engineering in the United States to join Ally as Senior Director of Engineering.
• Nike is currently hiring for the position of Lead Technical Developer, Global Apparel GSA in the United States.
• Nike is currently hiring for the position of Principal, Advanced Manufacturing Engineer in Sri Lanka.
• Nike is currently hiring for the position of Lead, Art Direction, ICON Studios in the United States.
• Nike is currently hiring for the position of Director, People Solutions Consulting EMEA in the United Kingdom.
• Nike is currently seeking a Footwear Materials Sourcing Lead - Chemicals in the United States.
• Nike's revenue fell 10% in fiscal Q1 2025, with a 13% decline in its direct-to-consumer segment, and earnings per share dropped 26% to $0.70, marking the lowest first-quarter EPS since 2019.
• Nike's earnings are growing at double-digit rates as the company reduces costs by $2 billion over three years and prepares to launch new footwear products priced below $100.
• Nike is hosting the 2024 Nike XC Town Twilight Invitational on October 4-5 at the LaVern Gibson Championship XC Course in Terre Haute, Indiana.
• Brandis Russell, VP/GM of North America at Converse, shared insights from her 20-year career with Nike at the Black Footwear Forum, emphasizing collaboration and empowering women.

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