General Business

Costco, Nike and FedEx are warning there’s extra inflation set to hit shoppers as holidays method

A worker wearing a protective mask removes David Paul Morris | Bloomberg | Getty Images Delivery bottlenecks, which have led to rising freight costs, are a vacation headache for US retailers. Cost co This week joined the long list of retailers on the alert about rising shipping prices and the associated supply chain problems. The […]

General Business

Trump foe Michael Avenatti sentenced in Nike extortion case

Attorney Michael Avenatti arrives at the U.S. courthouse in the Manhattan neighborhood of New York City (SDNY) in New York, United States, on July 8, 2021 for his hearing on his conviction in an extortion program against Nike. Brendan McDermid | Reuters Michael Avenatti, the cheeky lawyer who had been a major enemy of the […]

General Business

Nike (NKE) reviews This fall 2021 earnings beat

Nike reported fourth quarter results and sales on Thursday, beating analysts’ estimates, fueled by record earnings in its largest market, North America. It also offered a better-than-expected sales outlook for the year ahead, fueled by optimism about the women’s category, the apparel store, and the Jordan brand. Nike continues to benefit from consumers looking for […]

General Business

Nike cut up with Neymar after sexual assault investigation, report says

Lionel Bonaventure | Getty Images Nike said it ended its partnership with Neymar da Silva Santos Jr. – better known as Neymar – when the soccer superstar refused to cooperate with an investigation into sexual assault allegations against him. “Nike ended its relationship with the athlete because he refused to cooperate in good faith with […]