Converse layoffs are the latest casualties of Nike’s $2 billion do-or-die plan to get back on its feetBy Press Room15 May 2024 Sneaker brand Converse is the latest subsidiary of parent company Nike to feel the heat from the sneaker giant’s $2…
Adidas predicts profit boost due to strong demand for the classic Samba – whilst continuing to shed Yeezy stockBy Press Room17 April 2024 Adidas AG raised its profit target for the year amid strong demand for classic sneakers like the Samba and a…
Nike’s boss says remote work was hurting innovation, so the company realigned and is ‘ruthlessly’ focused on building a disruptive pipelineBy Press Room14 April 2024 Nike CEO John Donahoe is the latest corporate boss to weigh in on working from home or working in person,…
Michael Jordan sneaker collection sells for record $8 million at auction, Sotheby’s saysBy Press Room4 February 2024 A collection of sneakers that superstar Michael Jordan wore as he and the Chicago Bulls won six NBA championships has fetched $8…