#Nike sends Foot Locker stock plummeting

#Nike sends Foot Locker stock plummeting

“#Nike sends Foot Locker stock plummeting” Shares of Foot Locker fell by as much as 35% during trading on Wall Street on Friday as the company said it expects profits to take a hit thanks to Nike’s new strategy of selling direct to consumers. The apparel store released its earnings report on Friday, predicting that…

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#Nike sues Lululemon over Mirror Home Gym

#Nike sues Lululemon over Mirror Home Gym

“#Nike sues Lululemon over Mirror Home Gym” Nike on Wednesday filed a lawsuit accusing Lululemon of patent infringement for making and selling the Mirror Home Gym and related mobile apps without authorization. In a complaint filed in US District Court in Manhattan, Nike accused its smaller rival of infringing six patents, including through technology that enables users to…

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#Nike postpones release of Travis Scott sneaker collaboration

#Nike postpones release of Travis Scott sneaker collaboration

“#Nike postpones release of Travis Scott sneaker collaboration” Nike has postponed the launch of a sneaker collaboration with Travis Scott in the wake of the Astroworld music festival tragedy, the company announced Monday. “Out of respect for everyone impacted by the tragic events at the Astroworld Festival, we are postponing the launch of the Air…

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