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Why Champion's seen success taking footwear one step at a time

10/9/2019

Champion Sportswear, which turned 100 this year, expanded into footwear last year in partnership with licensee BBC International. The deal combined the expertise of both companies, and Champion eventually hopes its sneakers are competitive with global brands like Nike and Adidas, said Clardy Palacios, Champion's senior licensing manager of activewear.

Apple explores integrating health monitors into garments

10/4/2019

Apple is exploring the creation of a health monitoring band that could be woven into garments and measure heart rate, sugar levels and other vital signs, a recent patent filing states. There is no assurance that Apple will develop the technology beyond the exploratory stage, but the company has brought Nike's FlyKnit engineer, Daniel Podhajny, on board.

Nike, American Eagle join size inclusivity movement

10/3/2019

Nike is embracing size inclusivity with ad campaigns and website images featuring models of all sizes and plans to expand its plus-size offerings. Other brands and retailers have also added more sizes into their mainstream collections, including American Eagle Outfitters and Cornerstone Brands, which recently debuted casual fashion brand Ryllace.

Nike opens eco-friendly distribution center

9/30/2019

Nike opened a 1.5-million-square-foot distribution center in Belgium that runs entirely on renewable energy and is located near canals that enable nearly 100% of inbound containers to reach the center by water, eliminating the need for most truck deliveries, according to the retailer. The center is part of the firm's initiative toward achieving carbon-free operations.

Vornado Realty sells D.C. retail building for $83.9M

9/27/2019

An affiliate of Lincoln Property Co. bought a 44,000-square-foot building in Washington, D.C., from Vornado Realty Trust in an $83.9 million deal. Nike has a 31,500-square-foot lease at the property, which is also home to an Amazon Books.

Analysis: Corporate bottom lines benefit from sustainability

9/26/2019

Corporate sustainability efforts are proving good for businesses. Nike, for example, has reduced waste but also reduced costs.

Corporate bottom lines benefit from sustainability efforts

9/26/2019

Corporate sustainability efforts are proving good for businesses. Exxon Mobil, Amazon, Facebook and Google have all benefited from commitments to use renewable energy sources like wind and solar.

Honda, Nike sign new contracts for wind, other renewables

9/25/2019

Honda has arranged a pair of virtual power purchase agreements with a wind farm in Oklahoma and a solar array in Texas that it says will offset 60% of the power used by its North American operations. Separately, Nike is building a distribution facility in Belgium that will be completely powered by wind and other renewables.

China continues to be a growth market for Nike

9/25/2019

Nike reported a 22% jump in revenue in China in the most recent quarter, continuing a pattern of double-digit quarterly growth despite trade tensions between the US and China. Nike's digital business grew 42% as ongoing investments in its e-commerce apps paid off, the company said.

Nike shares hit record as earnings exceed expectations

9/25/2019

Nike's fiscal first-quarter earnings beat analysts' estimates, sending its shares to an all-time high. Nike CEO Mark Parker said product innovation and improved online sales helped boost the company's quarterly results.