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  • American City Business Journals8 hours ago

    Nike chief Mark Parker's paycheck dwindles

    Nike Inc. paid CEO and Chairman Mark Parker $13.9 million in the fiscal year ended May 31. While Nike remains the industry leader, with a record $34.4 billion in fiscal 2017 sales, its financial performance has come up short of its lofty standards, as well as Wall Street's, in the past year. In June, Nike announced roughly 1,400 layoffs as it adjusts to the rapid shift to online shopping and battles a resurgent Adidas in the U.S.

  • American City Business Journals14 hours ago

    An original Nike designer returns to his Bowerman roots as he explores his own running shoe (Photos)

    Friton, a longtime Nike veteran, is an athletic footwear designer by trade, but a real creative at heart, something that’s immediately obvious upon entering his studio in Southeast Portland. Friton got his start working in Bowerman’s design lab in Eugene during Nike’s early days.

  • Barrons.com21 hours ago

    Under Armour: From Challenger to Challenged

    Once seen as the trendy challenger to the athleticwear giants, Under Armour now risks losing ground to not only Nike and Adidas, but also new brands that are gaining prominence, according to Deutsche Bank Paul Trussell, who downgraded shares of the sporting-goods company to Sell on Tuesday. Trussell thinks Under Armour shares are worth $17, 16% below current levels.