Tag: Nike

NIKE announces acquisition of RTFKT

NIKE, Inc. announced the acquisition of RTFKT, a brand that delivers next generation collectibles that merge culture and gaming. Financial terms of the deal were not disclosed. “This acquisition is another step that accelerates Nike’s digital transformation and allows us to serve athletes and creators at the intersection of sport, creativity, gaming and culture,” says John…

Nike to layoff employees; shift focus on online retail

World’s largest footwear maker, Nike recently warned its employees of possible job cuts as the company shifts its focus towards online shopping. The recent development from the company comes just days after it posted a net loss of $790mn, its first in more the two years. The company attributed the loss in part to the…