The Latest Breaking News from NIke

Nike Inc (NYSE:NKE) has not renewed agreements with its largest franchisee in Russia, Reuters reported, quoting Vedomosti daily newspaper. The U.S. sportswear maker suspended its Russia operations temporarily in March due to Russia's invasion of Ukraine. The head of Inventive Retail Group (IRG), which operates Nike-branded stores in Russia, reportedly said Nike…

These shoes are forever fashionable

US sportswear maker Nike has not renewed agreements with its largest franchisee in Russia, the Vedomosti daily reported on Wednesday, marking the latest exit by a major US brand since Russian forces entered Ukraine. Nike said on March 3 it would temporarily suspend operations at all its Nike-owned and -operated…

U.S. sportswear maker Nike has not renewed agreements with its largest franchisee in Russia, the Vedomosti daily reported on Wednesday, marking the latest exit by a major U.S. brand since Russian forces entered Ukraine in February.

Nike (NYSE:NKE) has outperformed the market over the past 15 years by 8.1% on an annualized basis producing an average annual return of 14.5%. Currently, Nike has a market capitalization of $167.20 billion.

The capsule includes a training sneaker and a lifestyle sneaker, each designed for easy on-and-off wear to accommodate the needs of people with disabilities.

Although retail sales surged in April, the inflationary pressures might dampen consumer demand. Consumer spending has been shifting away from discretionary retail toward staples in the face of the soaring inflation. Hence, we think discretionary retail stocks NIKE (NKE), Starbucks (SBUX), Five Below (FIVE), and Williams-Sonoma (WSM) might be avoided…

Even after the tragic events of Astroworld, over one million entries were reportedly submitted for a raffle of Scott’s upcoming Nike kicks.

Corduroy and fleece for all your spring and summer fits.

Anyone with information is being urged to contact the PSNI