Nike is gearing up to make its biggest spending commitment yet for the upcoming Olympics. Nike is gearing up to make its biggest spending commitment yet for the upcoming Olympics, as the renowned sportswear brand aims to rejuvenate sales and contend with emerging competitors, according to a report by Reuters.
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Nike CEO John Donahoe blames the recent decline in innovation to the challenges posed by remote work and acknowledges that there has been an excessive focus on direct sales, which may have hindered progress.
Sales of Western-style boots saw a significant increase of over 20% in the week following the release of Beyoncé's 'Cowboy Carter' last month.
Nike's CEO acknowledges the overemphasis on online stores and vows a return to wholesale partnerships. The shift aims at market expansion amidst profit concerns and competition.
Analysts explained that Elon Musk does not need the Tesla robotaxi. What does the billionaire need to solve his EV problems?
NHTSA is investigating the Ford Bronco and Escape recalls due to a fuel leak risk from cracked injectors. Safety concerns persist despite remedies offered; no injuries were reported.
Chinese EV giant BYD secures $3.7B government funding, solidifying global dominance. Concerns rise over unfair competition, prompting EU investigation.
AI bots could soon replace Wall Street analysts. Sources within major banks revealed the details. Wall Street analysts are at risk of getting replaced by AI bots.
LinkedIn, in a bid to rival TikTok and Instagram in influencer marketing, has launched "Thought Leader ads," allowing advertisers to promote posts from independent creators.
Samsung Next is leaving Israel as the war rages on. The firm decided to take its business operations abroad instead.
