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Adidas may boost more sales than its rival Nike. Drake's Nike line faces challenges due to the Kendrick Lamar feud, although it could gain attention from public interest.

Nike is set to introduce a new line of sneakers priced at $100 or less globally to revive its sales amid declining shares.

The Supreme Court upheld lawyer Michael Avenatti's conviction and two 1/2-year prison sentence for attempting to extort up to $25 million from Nike, rejecting his appeal that claimed the sentence was based on an unconstitutionally vague statute and that he was engaged in legitimate settlement negotiations.

Famous brands changed their names, showing how even big companies evolve to stay relevant in the market.

Federal authorities convicted a former diversity manager at Facebook and Nike to five years and three months for stealing more than $5 million in DEI funds.

Nike designed the uniforms, which made their widespread appearance this season, and Fanatics manufactured them.

Nike said in February that it will slash 2% of its global staff as part of a restructuring, but did not specify how many cutbacks would be made locally.

Nike is gearing up to make its biggest spending commitment yet for the upcoming Olympics.

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.

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.

Nike announced on Thursday a reduction in its workforce by 2% that will result in the layoff of more than 1,500 jobs.

Tiger Woods has entered a new partnership with TaylorMade Golf following his recent separation with Nike.

After 27 years, golf legend Tiger Woods has officially ended his partnership with Nike.

Sportswear giant Nike has unveiled plans to slash costs by approximately $2 billion over the next three years.

Some sports merchandise sector shows potential in growth level