Trends - Nike - Business Recorder

Nike

Nike warns its turnaround will be a slog, after results beat expectations

Nike, offered a muted forecast on Thursday, reversing gains in its shares made earlier in the day after the...

Published 20 Dec, 2024 08:14am

Life & Style

As Nike struggles, Adidas must surf Samba wave with caution

LONDON: Nike’s ongoing struggles are giving Adidas a chance to keep taking market share from its larger U.S. rival,...

Published 08 Oct, 2024 02:11pm

Life & Style

Adidas plots to swerve Samba slump

LONDON: As Adidas aims to build on hot demand for its three-striped white and black Samba and multi-coloured Gazelle...

Published 03 May, 2024 01:46pm

Business & Finance

Nike plans to slash over 1,600 jobs in cost-cutting drive

Sportswear giant Nike plans to reduce its workforce by about 2%, or more than 1,600 jobs, in a cost-cutting move,...

Published 16 Feb, 2024 10:24am

Technology

Fit at 40: the revolutionary Apple Mac in numbers

PARIS: Forty years ago Steve Jobs revolutionised personal computing by launching the Apple Macintosh, the first PC...

Published 22 Jan, 2024 02:38pm

Sports

Golf legend Tiger Woods says Nike partnership ending

NEW YORK: Tiger Woods announced Monday that he was ending a longstanding partnership with Nike, thanking the sports...

Published 09 Jan, 2024 03:50pm

Life & Style

Adidas and Puma eye chances in soccer’s fashion moment

LONDON: Sportswear brands like Adidas and Puma are seeking to take advantage of a flirtation with soccer by the...

Published 01 Nov, 2023 03:32pm

Perspectives

In the age of AI, be careful if your employee is losing one of these skills

In a world where HR is hustling to “upskill” employees to keep up with the Artificial Intelligence (AI) hype and...

Published 30 Jun, 2023 02:35pm

Business & Finance

Higher costs dent Nike profits

NEW YORK: Nike reported a drop in quarterly profits Thursday despite higher sales due to the drag from increased...

Published 30 Jun, 2023 12:35pm

Life & Style

Kevin Durant signs ‘lifetime contract’ with Nike

Phoenix Suns’ Kevin Durant has signed a ‘lifetime contract’ with sportswear giant Nike, the NBA star said on Friday,...

Published 29 Apr, 2023 02:06pm

Life & Style

Jordan's 'Last Dance' sneakers sell for record $2.2mn

A pair of signed, game-worn Michael Jordan sneakers from the 1998 NBA Finals fetched a record $2.2 million on...

Published 12 Apr, 2023 03:21pm

Life & Style

What to watch this April: 'Money Back Guarantee', 'Huey Tum Ajnabi', 'Fatal Attraction'

As we begin to get into the summer months, a fresh new batch of series and movies aim to get us through the long ...

Published 28 Mar, 2023 07:29pm

Business & Finance

Nike profits down on higher costs

NEW YORK: Nike reported better than expected earnings on Tuesday in its latest quarter, supported by strong demand...

Published 27 Mar, 2023 07:35am

Life & Style

Formal shoes making comeback after years of sneaker dominance

PARIS: Once the preserve of nerds and stuffy young conservatives, loafers, moccasins and other formal shoes are...

Published 18 Jan, 2023 05:24pm

Business & Finance

Nike says will permanently leave Russian market

MOSCOW: Nike said Thursday it will be permanently leaving the Russian market and will not reopen its stores after...

Published 23 Jun, 2022 07:08pm

Business & Finance

Strong pricing boosts Nike results despite China hit

NEW: Strong product pricing helped Nike offset a hit from lower sales in China, enabling the sporting goods giant to...

Published 28 Mar, 2022 07:31am

Life & Style

Nike, IKEA close Russian stores as sanctions, trade restrictions bite

Sneaker maker Nike and home furnishings firm IKEA shut down stores in Russia on Thursday, as trade restrictions and...

Published 04 Mar, 2022 04:11pm

Markets

Wall Street jumps after sharp selloff as Nike, Micron lead gains

NEW YORK: Wall Street’s main indexes rose on Tuesday, boosted by Nike and Micron following strong earnings, with...

Published 22 Dec, 2021 06:13am

Business & Finance

Nike warns on holiday delays, cuts full-year sales estimate

CHICAGO: Nike Inc on Thursday cut its fiscal 2022 sales expectations and said it expects delays during the holiday...

Published 27 Sep, 2021 05:51am

Sports

Nike says split with Neymar over refusal to cooperate with sex assault probe

But even so "Nike ended its relationship with the athlete because he refused to cooperate in a good faith investigation of credible allegations of wrongdoing by an employee."

Published 28 May, 2021 10:57am

Life & Style

Nike sues company that made 'Satan Shoes' with Lil Nas X

The shoes claim to contain human blood.

Published 30 Mar, 2021 12:26pm

China sanctions US, Canadian individuals over Xinjiang

BEIJING: China announced tit-for-tat sanctions against two Americans, a Canadian and a rights advocacy body late...

Updated 28 Mar, 2021 05:30pm

Opinion

China's corporate loyalty drive ensnares international lawyers

China's push to ensure multinationals toe the line has seeped into the legal sphere after Beijing sanctioned a top...

Published 28 Mar, 2021 04:14am

China squeezes Western brands

BEIJING: China on Thursday launched a PR war on Western brands critical of rights abuses against Uyghurs and other...

Published 26 Mar, 2021 05:22am

Business & Finance

Nike, Adidas join brands feeling Chinese social media heat over Xinjiang

H&M was the first brand to come under fire.
Inditex's Xinjiang statement no longer visible on website.
Chinese sportswear shares rally in Hong Kong.

Published 25 Mar, 2021 08:03pm

World

China squeezes Western brands as Xinjiang backlash builds

Global brands are often consumed by PR crisis' in China after touching politically-sensitive subjects.

Published 25 Mar, 2021 04:40pm

Business & Finance

Nike raises full-year sales forecast, posts surprise earnings growth

Shares in Beaverton, Oregon-based Nike were up about 5% in trading after the bell. They have gained about 37% this year.

Published 19 Dec, 2020 10:14am

Business & Finance

Nike's free workout apps are key to its high-end pricing strategy

At a Morgan Stanley conference in November, Nike Chief Financial Officer Matt Friend said the retailer added about 55 million new customers to its member database this year.

Published 18 Dec, 2020 05:22pm

Business & Finance

Adidas exploring strategic options, including sale, for Reebok

The decision will be announced on March 10, when the company officially presents its new strategy, Adidas said.

Published 15 Dec, 2020 05:33pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 31	278.65
USD PKR Interbank Buying / Dec 31	278.45
USD to Japanese Yen / Dec 31	156.20
USD to Swiss Franc / Dec 31	0.90
Pound Sterling to USD / Dec 31	1.26
Euro to USD / Dec 31	1.04

Stock	Volume
S&P 500 / Dec 30	5,906.94
Tokyo Nikkei / Dec 30	39,894.54
Nasdaq / Dec 30	19,486.79
Dow Jones / Dec 30	42,573.73
Germany DAX 30 / Dec 30	19,909.14
India Sensex / Dec 31	78,017.14
Hang Seng / Dec 31	20,059.95
FTSE 100 / Dec 31	8,125.32

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 30	17,785
Gold 10 Grams PKR / Dec 30	241,430.80
Petrol/Litre / Dec 31	252.10
Crude Oil USD/Barrel / Dec 31	71.59
Gold Spot USD/Ounce / Dec 31	2,605.88
Diesel/Litre / Dec 31	255.38

Gainers
Losers
Leaders

Stock	Price
Hira Textile / Dec 31 Hira Textile Mills Limited(HIRAT)	3.75 ▲ 0.45 (13.64%)
Pace (Pak) Ltd. / Dec 31 Pace (Pakistan) Limited(PACE)	8.33 ▲ 1.00 (13.64%)
Tariq Corp.Pref. / Dec 31 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7.88 ▲ 0.88 (12.57%)
Pak Int.Bulk / Dec 31 Pakistan International Bulk Terminal(PIBTL)	9.38 ▲ 1.00 (11.93%)
Gulshan Sp. / Dec 31 Gulshan Spinning Mills Limited(GSPM)	4.47 ▲ 0.47 (11.75%)
Sec. Inv. Bank / Dec 31 Security Investment Bank Limited(SIBL)	9.99 ▲ 1.00 (11.12%)
LSE Financial Serv. / Dec 31 LSE Financial Services Limited(LSEFSL)	15.70 ▲ 1.43 (10.02%)
Sindh Abadgar / Dec 31 Sindh Abadgar's Sugar Mills Limited(SASML)	39.33 ▲ 3.58 (10.01%)
Ali Asghar / Dec 31 Ali Asghar Textile Mills Limited(AATM)	65.45 ▲ 5.95 (10.00%)

Stock	Price
First Capital Equities / Dec 31 First Capital Equities Limited(FCEL)	5.12 ▼ -0.98 (-16.07%)
Pak Agro Pack. (GEM) / Dec 31 Pak Agro Packaging Limited (GEM)(GEMPAPL)	7.60 ▼ -0.90 (-10.59%)
Nimir Resins / Dec 31 Nimir Resins Limited(NRSL)	30.76 ▼ -3.42 (-10.01%)
Frontier Ceram / Dec 31 Frontier Ceramics Limited(FRCL)	42.91 ▼ -4.77 (-10.00%)
Fateh Sports / Dec 31 Fateh Sports Wear Limited(FSWL)	78.50 ▼ -8.72 (-10.00%)
Khairpur Sug. / Dec 31 Khairpur Sugar Mills Limited(KPUS)	203.81 ▼ -22.65 (-10.00%)
Noon Sugar / Dec 31 Noon Sugar Mills Limited(NONS)	81.31 ▼ -9.03 (-10.00%)
Shahmurad Sugar / Dec 31 Shahmurad Sugar Mills Limited(SHSML)	425.82 ▼ -47.31 (-10.00%)
Gammon Pak / Dec 31 Gammon Pakistan Limited(GAMON)	45.59 ▼ -5.06 (-9.99%)

Stock	Volume
Cnergyico PK / Dec 31 Cnergyico PK Limited(CNERGY)	212,308,919 ▲ 0.42
WorldCall Telecom / Dec 31 Worldcall Telecom Limited(WTL)	111,551,930 ▼ -0.05
B.O.Punjab / Dec 31 The Bank of Punjab(BOP)	84,182,656 ▲ 0.28
Pace (Pak) Ltd. / Dec 31 Pace (Pakistan) Limited(PACE)	66,177,767 ▲ 1.00
Fauji Foods Ltd / Dec 31 Fauji Foods Limited(FFL)	55,597,038 ▲ 0.69
Pak Refinery / Dec 31 Pakistan Refinery Limited(PRL)	50,017,805 ▲ 3.54
Silk Bank Ltd / Dec 31 Silkbank Limited(SILK)	48,777,302 ▼ -0.02
K-Electric Ltd. / Dec 31 K-Electric Limited(KEL)	45,320,218 ▲ 0.24
Pak Elektron / Dec 31 Pak Elektron Limited(PAEL)	36,348,761 ▼ -0.91

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