Nike, Inc.

Tiger Woods said on Jan. 8 he was ending his longstanding partnership with Nike, drawing a line under a lucrative near three-decade relationship with the iconic sporting goods brand that helped transform him into golf's first billionaire.

Nike reported a drop in quarterly profits on June 30 despite higher sales due to the drag from increased costs and the liquidation of unwanted merchandise.

The sports giant reported profits $1.0 billion for the quarter ending May 31, down 28 percent from the year-ago period.

Revenues rose 5 percent to $12.8 billion.

Multiple groups of U.S. lawmakers have sought reassurances this week about clothing giant Shein and other brands facing allegations their products use forced Chinese labor or material from regions where such conditions allegedly occur.

On May 2, a group of lawmakers sent letters to the CEOs of Adidas, Nike, Shein and Chinese shopping app Temu with questions about their supply chains.

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Nike reported better than expected earnings on March 21 in its latest quarter, supported by strong demand although higher inventory and logistics costs weighed on its margins.

The company reported profits of $1.2 billion for the three months ending February, down 11 percent from the year-ago period, while revenues picked up 14 percent to $12.4 billion.

While the sportswear trend in shoes, which has come to the fore with the pandemic, continues, Türkiye is becoming a base in the production of sports shoes.

The "Mona Lisa of sneakers" went on display in Melbourne on Friday, with Michael Jordan's old high-tops and around 100 other rare shoes offering a glimpse into a lucrative market driven by die-hard "sneakerheads" and eager investors.

Athletics giant Nike has filed a lawsuit in New York against shopping platform StockX for creating and marketing NFTs -- the tamper-proof digital property certificates -- based on the brand's products without permission.

The company's lawyers accused US-based StockX of "minting" NFTs using Nike trademarks and trading on the brand's "goodwill" to market them.

The New York art collective that brought us "Satan Shoes" with an apparent drop of human blood in the midsole is at it again, this time selling 1,000 copies of an Andy Warhol drawing at the same price, only one of which is the original.

The sneakers are modified Nike Air Max 97s — decorated with a pentagram pendant

The steep contraction of the global economy will be followed by a slow rebound as the coronavirus pandemic starts to subside, Barry Eichengreen, the George C. Pardee and Helen N. Pardee Professor of Economics and Political Science at the University of California, Berkeley, tells Kathimerini.