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Nike stock pops after better-than-expected earnings
Shares of the sportswear giant climbed 15% in morning trading. Some analysts said the company’s slump could soon be over.
Nike announces new turnaround push, hints at layoffs as sales plunge 12%
The sportswear giant on Thursday reported its largest quarterly sales drop in years and a restructuring plan.
Nike-backed runner Faith Kipyegon comes up short in 4-minute mile bid
The Kenyan runner on Thursday ran four laps of the Stade Charléty track in 4.06.42.
Nike enlists sports tech, physics and Faith Kipyegon’s resolve to break women’s 4-minute mile barrier
With the help of “super spikes” and a dimpled track suit, Kipyegon next week will try to become the first woman to run a mile in under four minutes.
Ski resorts scramble after major insurer leaves Oregon
Safehold Special Risk last week told state lawmakers it’s become too expensive to do business here.
Former Nike executive named CEO of Pendleton Woolen Mills
Jennifer Ingraffea most recently worked as chief product and merchandising officer for The North Face.
Nike laying off more technology workers
The number of jobs eliminated is unclear. The company laid off 740 in Oregon last year.
Nike, plaintiffs seek 3rd extension for class settlement in sex discrimination lawsuit
A tentative settlement was reached in February, but the parties want until Aug. 20 to finalize it.
Nike won’t release a corporate responsibility report for first time in 6 years
The company will release information from the report in a different format, but details weren’t immediately available.
Trump cuts to business aid programs alarm entrepreneurs, advocates
Numerous federal government programs that provide loans, grants and consulting are on the chopping block.
Judge temporarily blocks Trump’s effort to eliminate Job Corps, 168 Astoria job cuts on hold
The ruling came the same day that one of the program’s Oregon locations said it would close.
Nike-Lego partnership launches with sneaker Legos and, coming soon, Lego sneakers
The company is readying a string of products and events, including an 1,180-piece Lego set that features a Nike Dunk.
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