Nike welcomes Dick’s Foot Locker deal as its grip on retailers weakens

Nike welcomes Dick’s Foot Locker deal as its grip on retailers weakens

The $2.4bn takeover continues a trend of M&A as sportswear brand re-embraces retailers it spurned

Nike's Tech Restructuring Signals Deeper Strategic Realignment Under New Leadership

Tech Division Cuts Reflect Broader Operational ShiftsNike has executed what it calls a “limited number” of layoffs within its Global Tech division, according to company statements this week. While the exact headcount remains undisclosed, these departures stem directly from strategic shifts announced recently, including the migration of various systems, applications, and product development work to managed service providers.“While this is the rig…

Struggling Nike Reconnects With Popular Retail Giant They Left Years Ago

Under new CEO Elliot Hill, Nike plans to enhance its e-commerce strategy, partnerships and launch a new retail experience tailored for Gen Z shoppers.

Nike boss welcomes acquisition worth 15 billion kroner. It was a surprise when it emerged earlier this month that Dick’s Sporting Goods was buying competitor Foot Locker for 2.4 billion dollars, equivalent to around