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Nike Investigates Alleged Data Breach After Cybercrime Group Claims Access to Company Systems | Retail News USA
2+ hour, 59+ min ago (228+ words) Nike has launched an investigation into a potential cybersecurity incident after the WorldLeaks cybercrime group claimed it had accessed and exfiltrated data from the company's systems. The US-based footwear and apparel major said it was assessing the situation to determine…...
Sneaker Boom Faces Scrutiny as Analysts Warn of Slowing Growth for Brands | Retail News USA
2+ week, 1+ day ago (186+ words) The analysts said that with this structural shift largely complete, future revenue growth prospects for sports footwear brands were now significantly reduced. They accompanied the assessment with a rare double downgrade of Adidas, removing their buy rating and labelling the…...
Nike Agrees for Landmark Payout to Former Garment Workers After Long-Running Dispute
3+ week, 7+ hour ago (303+ words) Nike has agreed to substantial payouts to thousands of former garment workers at a Thai supplier after nearly five years of sustained pressure from labour rights campaigners, marking one of the most significant compensation settlements in the apparel industry. The…...