Latest news with #NikeKobe
Yahoo
04-06-2025
- Business
- Yahoo
Nike Has a New Chief Innovation Officer
Nike Inc. has a new chief innovation officer. Tony Bignell, the vice president for running footwear, has been promoted to chief innovation officer. He will report to Phil McCartney, executive vice president, chief innovation, design and product officer. According to an internal memo obtained by FN, Bignell has started transitioning into his new role, in partnership with John Hoke. More from WWD Every Nike Kobe Sneaker Releasing in 2025 Nike's Most Popular Air Max 95 OG Big Bubble Releases Are Getting Restocked What Nike, Hoka and Other Brands Are Doing to Celebrate Global Running Day Hoke, the departing chief innovation officer, is a 33-year veteran at Nike is retiring. He will stay on through October. Bignell's mandate is to advance the vision of the Advanced Innovation Collective across Nike's portfolio of brands, sports, products and platforms. He has 30 years experience as a product designer, developer, and innovation visionary. Most recently, he led the Footwear Innovation team for nine years, and played a role in creating new footwear platforms such as Next%, VaporMax, React and Joyride. He was also part of the core team leading Breaking2, a project aimed at breaking the two-hour marathon barrier. Bignell also spearheaded a reset of Nike's marketing for running footwear, driving gains in consumer engagement. There have been a number of recent executive changes at Nike following Elliott Hill's appointment as CEO last October. 'Elliott is absolutely the best choice for this position, and I'm so happy to see the brand make the right decision and put him in the job,' Matt Powell, advisor at Spurwink River and senior advisor at BCE Consulting, told FN at the time. 'He has all the qualities that are necessary to help the brand turn around. He has deep experience, both U.S. and global., he understands the culture, he knows of the retailers.' Some of those shifts include last month's promotion of Amy Montagne as Nike brand president and McCartney's promotion to chief innovation, design and product officer. (At the same time, the company disclosed that Heidi O'Neill, president of consumer, product and brand, will be retiring.) And Tom Clarke, who was strategic advisor to the CEO and members of the senior leadership team, took on the new role of chief growth initiatives officer. The company is expected to disclose Bignell's successor 'shortly,' according to one individual familiar with those plans. The flurry of executive moves are believed to be part of Hill's effort to 'accelerate' Nike's progress against it 'Win Now' action plan, which was developed in December. The strategy is based on new priorities centered around five fields of play, three countries and five cities. Best of WWD All the Retailers That Nike Left and Then Went Back Mikey Madison's Elegant Red Carpet Shoe Style [PHOTOS] Julia Fox's Sleekest and Boldest Shoe Looks Over the Years [Photos]
Yahoo
29-05-2025
- Business
- Yahoo
Dick's CEO Lauren Hobart Says Nike Is a ‘Very Important' Strategic Partner Following Q1 Results
As Dick's Sporting Goods wraps up a strong first quarter, analysts are eager to hear more about the retailer's position on Nike Inc. as the company brings Foot Locker into the fold later this year. According to Randal Konik, equity analyst at Jefferies, Nike stands to benefit from Dick's momentum, as the Swoosh focuses even more on its wholesale distribution. More from WWD 'Ensuring a Safe and Secure Shopping Environment Is Key for Retailers,' NRF Says Jalen Brunson Will Get His First Nike Kobe Sneaker Release Later This Year The Best Nike Sneakers Releasing in June 'Dick's management emphasized that its relationship with Nike remains 'strategic,' expressing continued satisfaction with the partnership,' Konik wrote in a research note on Wednesday. 'This signals frequent collaboration and alignment between the two companies, reinforcing Nike's importance within Dick's merchandising strategy.' Konik added that the sporting goods retailer 'remains bullish' on Nike's innovation pipeline, particularly in running and lifestyle categories. Dick's cited strength in Nike's running pipeline, where the Pegasus Premium and Vomero 18 sneaker styles have been selling out online. This momentum supports Nike's product-led recovery strategy, the analyst wrote. This echoes the sentiment shared by Dick's Sporting Goods president and chief executive officer Lauren Hobart, who affirmed on Wednesday's first-quarter earnings call with analysts that Nike is 'a very important' strategic partner for the company. 'Nike continues to perform really, really well for us,' Hobart said. 'As we look to the future, we've heard about some distribution changes. [But] one thing that you can say about Nike time in, and time out, is that they are very good at segmenting their products. So, we expect minimal overlap with some of the new distribution. There's a lot of great stuff going on.' Looking ahead, footwear remains a 'very strong business' for Dick's Sporting Goods, according to its CEO. Konik added that this is a 'positive signal 'for Nike, which is a key brand in Dick's footwear assortment. Moreover, a better-run Foot Locker under Dick's leadership would be a net benefit for Nike by reinforcing its distribution strategy and solidifying its position in athletic retail, Konik said in a note following the announcement earlier this month that Dick's would scoop up Foot Locker in a $2.4 billion deal. Konik said earlier this month that as Nike CEO Elliott Hill strengthens an already robust relationship with Dick's, the consolidation of the two retailers 'could enhance Nike's retail presence and brand consistency.' He noted that Nike leads footwear sales at Dick's, a key growth category that accounts for 28 percent of the sporting goods retailer's business, while the Swoosh represents half of Foot Locker's sales, 'underscoring the strategic importance of both channels to Nike's wholesale strategy.' This comes as Dick's Sporting Goods saw net sales increase 5.2 percent to $3.18 billion in the first quarter of 2025, up from $3.02 billion in the same year-ago period. Net income in the quarter ended May 3 was down 4 percent to $264 million, or $3.24 per diluted share, compared with $275 million, or $3.30 per diluted share, a year earlier. Excluding one-time items related to its acquisition of Foot Locker, Dick's posted earnings per share of $3.37. Looking ahead, the company expects net sales for the full fiscal year 2025 to be between $13.6 billion and $13.9 billion, with earnings per diluted share in the range of $13.80 to $14.40. For now, Dick's outlook doesn't include acquisition-related costs or results from the Foot Locker merger, but does take into account any current tariff-related expenses. Best of WWD All the Retailers That Nike Left and Then Went Back Mikey Madison's Elegant Red Carpet Shoe Style [PHOTOS] Julia Fox's Sleekest and Boldest Shoe Looks Over the Years [Photos] Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Hypebeast
27-05-2025
- Entertainment
- Hypebeast
Jalen Brunson's Nike Kobe 6 Protro 'Statue of Liberty' Releases This Year
Name:Jalen Brunson x Nike Kobe 6 Protro 'Statue of Liberty'Colorway:Hyper Turquoise/Metallic CopperStyle Code:IQ5774-300MSRP:$190 USDRelease Date:Holiday 2025Where to Buy:Nike Jalen Brunsonand the New York Knicks are closer to an NBA Championship this season than the franchise has been since the beginning of the century. However, they currently face a 2-1 deficit to the Indiana Pacers, who will host the Knicks tonight and attempt to preserve home court advantage. Not only has Brunson been a key factor for the Knicks this series, he's also made the most of the limelight by revealing his own Nike Kobe collaboration. ANike Kobe 6 Protro'Statue of Liberty' was worn by Brunson during game two against the Pacers and is scheduled to be releasing later this year. The pair features a bright blue that nods to the statue's oxidized copper finish while 'Metallic Copper' detailing at the branding and heel cage nods to its flame. Brunson joinsCaitlin Clarkin releasing his own Nike Kobe sneaker this year, offering fans a chance to get their hands on a pair that would typically remain a player exclusive. At the time of writing, neither Jalen Brunson nor Nike Basketball have confirmed that this collaborative 'Statue of Liberty' take on the Kobe 6 Protro will be releasing. Stay tuned for updates, including a detailed preview of the sneaker, as we currently expect it to drop this holiday season via Nike SNKRS and select retailers at a starting price of $190 USD.
