Nike
This coverage examines Nike’s strategy and performance within the UK retail and sportswear market, focusing on store operations, product innovation, marketing campaigns, sponsorship deals, and leadership decisions. Reporting provides insight into how Nike drives consumer engagement, addresses sustainability challenges, and navigates competitive pressures — offering valuable context for executives, managers, and professionals in sportswear, retail operations, and brand leadership.
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Sep- 2024 -25 SeptemberNews
Today’s news in brief-25/9/24
Asos, facing significant financial challenges, has initiated consultations to potentially cut over 200 jobs at its head office. The move comes amidst a restructuring aimed at reversing recent heavy losses, including a £120m increase in half-year losses and an 18% decline in sales. Asos plans to streamline operations and focus…
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25 SeptemberClothing & Shoes
ASA bans ‘misleading’ Nike trainers advert
The Advertising Standards Authority has banned a Nike trainers ad for potentially misleading customers. The ad, which featured an image of a pair of trainers with the caption ‘Now just £26 at Nike!’, clicked through to a product listing on the Nike website but was only limited to sizes UK…
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20 SeptemberPeople Moves
Nike names Elliott Hill as CEO and president as Donahoe steps down
Nike has announced that Elliott Hill is set to become its new president and CEO, effective 14 October, 2024. Hill will also become a director and a member of the Executive Committee. The news comes as the sports retail giant revealed its board and current CEO and president John Donahoe…
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Aug- 2024 -7 AugustSport & Leisure
Castore secures 10-year lease at Derbion
Sportswear brand Castore has signed a 10-year lease for a 1,771 sq ft unit at Derbion on the second level of the centre next to Foot Locker. It comes as Derbion’s JD store will be doubling the size of its current unit to a 20,175 sq ft space that will…
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Jul- 2024 -10 JulySport & Leisure
Adidas set to announce highest profit in three years
Adidas could be set to announce its highest profit in three years amid success of its Samba and Gazelle trainers, according to reports from Reuters. Data from the London Stock Exchange Group (LSEG) forecasts that Adidas will see a profit margin of 51.4% for its second quarter, hitting its highest…
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5 JulyNews
The O2 sales increase 10% in H1
The O2 has revealed that it has seen a 10% increase in sales and a 15.5% uplift in footfall during the first half of the year. The destination also saw a 15% increase in sales for Outlet Shopping at The O2, bolstered by the recent openings of Castore and All…
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Jun- 2024 -28 JuneNews
Today’s news in brief-28/6/24
Walgreens Boots Alliance (WBA) has decided to shelve plans for a £7bn sale of Boots for the second time, citing a reduced profit outlook and the closure of 700 US stores. Despite this, Boots reported a 6% sales increase in the third quarter, highlighting growth across all categories. CEO Tim…
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28 JuneClothing & Shoes
Nike FY revenues inch up 1% to $51.4bn
Nike has reported that revenues inched up 1% to $51.4bn (£40.6bn) in the year ended 31 May from $51.2bn (£40.5bn) in the prior year, as fourth quarter revenues were down 2% to $12.6bn (£9.9bn). It comes as the group’s direct revenues for Q4 reached $5.1bn (£4bn), spelling a decline of…
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20 JuneClothing & Shoes
Footasylum to open first Aberdeen store
Footasylum has announced that it will be opening a new store in Aberdeen’s Union Square shopping centre. The new 7,000 sq ft store will open to the public in early September, with an exact date to be confirmed in due course. It will be located on the ground floor of…
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4 JuneClothing & Shoes
WIT Fitness to relaunch with founders amid Frasers partnership
WIT Fitness is set to relaunch with its original founders, having been acquired by Frasers Group in January 2024.Following the acquisition, founders Sam Kitching and Daniel Williams will lead WIT in partnership with Frasers Group. Frasers said the return of the founders will “help restore the WIT brand and reconnect…
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