On Thursday, Nike announced that it planned to eliminate roughly 1,600 jobs, or about 2% of its entire workforce. The sportswear giant is looking to reduce expenses after reporting lower-than-expected…

Earlier this week, Bloomberg reported that global garment and footwear producers are experiencing difficulties in transitioning to supply chains outside of China, according to reports from several apparel makers and…

On Thursday, Gap Inc (GPS.N) said that is would begin a second round of layoffs, cutting roughly 1800 jobs, as the company joined the list of big businesses downsizing in…

After exiting the Russian market, and then canceling its partnership with Kanye “Ye” West, German sportwear maker Adidas more than halved its net profits in the third quarter of 2022…

Sportswear maker Adidas has terminated its partnership with rapper Kanye West, currently using the name Ye, following a string of controversial remarks by the rapper and fashion icon. In a…

When German athleticwear giant Adidas pulled out of Russia in March, the company failed to pay 10 billion rubles ($166 million) in Russian taxes it owed, according to reports from…

Canada Goose CEO Dani Reiss struck a bullish tone at the 29th annual Goldman Sachs retail conference on Wednesday, noting, “I think it’s going to be a strong holiday season,…