Nike shares tumble as it cuts costs amid 'softer' outlook
December 22, 2023 | 09:28
Nike promised up to $2 billion in cost savings Thursday involving job cuts and greater use of automation as it eyes "softer" sales in the coming period.
PM applauds Nike’s contributions to Vietnamese economy
December 02, 2022 | 13:20
Prime Minister Pham Minh Chinh received Chief Operating Officer of Nike, Inc., Andy Campion in Hanoi on December 1, speaking highly of the firm’s contributions to Vietnam’s exports and job creation in the recent past.
Nike shares tumble as it reports lower profits
September 30, 2022 | 16:00
Nike reported lower quarterly profits Thursday on increased logistics spending and a hit from product markdowns, as it pivots in a fast-changing consumer market challenged by inflation.
Adidas CEO Rorsted to stand down in 2023
August 23, 2022 | 10:35
Adidas will get a new CEO "during the course of 2023" as it seeks to emerge from the turbulence of Covid-19 lockdowns and other challenges, the German sportswear giant said on Monday.
Nike and Adidas maintain supply chain operations in Vietnam
November 17, 2021 | 13:23
Rumours that Nike and Adidas would move production out of Vietnam in August and September were rebutted by VITAS as the brands do not own plants in the country.
Full steam ahead for reboot of manufacturing businesses
November 12, 2021 | 14:08
Manufacturers are being proactive in recruiting a new labour force, simultaneously building up plans to take their employees back to work to meet their production schemes.
Footwear giants a step ahead in production restart
November 09, 2021 | 08:00
Foreign footwear producers are maintaining their commitment to sourcing products from Vietnam as factories enjoy resumption of production following heavy delays and restrictions.
Nike Vietnam ramp production and carbon commitments back up to pre-pandemic levels
November 03, 2021 | 12:25
All Nike facilities in Vietnam resumed production, reinstating the company's commitment to the Vietnamese market and its carbon emissions reduction path.
Lefaso rejects rumours on Nike’s moving production out of Vietnam
October 06, 2021 | 08:52
Recent rumours spreading on social media on Nike’s moving production out of Vietnam to China and Indonesia are incorrect, stated Phan Thi Thanh Xuan, Vice Chairwoman and General Secretary of the Vietnam Leather and Footwear Association (Lefaso).
Nike could face shortage of "Made in Vietnam" sneakers as COVID-19 accelerates
July 21, 2021 | 09:02
Nike is running out of "Made in Vietnam" sneakers as COVID-19 forces local suppliers to suspend operations, according to S&P Global Market Intelligence.
Nike cheers return of pro sports as earnings top expectations
September 23, 2020 | 10:42
Nike shares rocketed higher Tuesday after the company reported blowout quarterly earnings on strong digital sales and its CEO cheered the return of pro sports.
Neymar, Puma conclude endorsement deal: reports
September 12, 2020 | 11:57
Neymar has finalized an endorsement deal with Puma, media reports in his native Brazil said Friday, two weeks after the most expensive player in football parted ways with long-time sponsors Nike.
Neymar, Nike part ways after 15 years
August 31, 2020 | 10:03
Nike has parted ways with Neymar, ending one of its highest-profile sponsorship deals a decade and a half after signing the star striker as a 13-year-old prodigy.
Tech media groups complicit in smuggling of goods
August 13, 2020 | 15:00
The popularisation of fake and smuggled goods being offered in Vietnam has become a sizable concern, with delivery firms and even social media giants like Facebook being accused of aiding the act.
Fashion rivals continuing to suffer in coronavirus fallout
July 07, 2020 | 09:30
Thousands of dismissed labourers at suppliers in Vietnam has exacerbated the floundering performance of major garment and footwear brands across the globe like Adidas, Nike, and Zara.
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