Nike, the global sportswear giant, has initiated layoffs within its technology division as part of a larger strategic overhaul. The move comes under new CEO Elliott Hill and […]
Nike Faces $5 Million Lawsuit Over Shutdown of RTFKT NFTs
A lawsuit has been filed against Nike, alleging that the company’s sudden shutdown of the RTFKT NFT platform resulted in significant financial losses for users. The plaintiffs claim […]
Nike Lawsuit Alleges Rug Pull in RTFKT NFT Project
A class-action lawsuit has been filed against Nike, alleging the company orchestrated a $5 million “rug pull” following the shutdown of its RTFKT NFT project. The plaintiffs, represented […]
Nike Faces Lawsuit Over NFT Shutdown, Buyers Claim Losses
Nike is embroiled in a lawsuit from NFT buyers who lost significant money following the abrupt shutdown of its digital asset division, RTFKT. The class-action lawsuit, filed by […]
Nike Shuts Down RTFKT NFT Division, Faces Lawsuit: What’s the Impact?
Nike has closed its RTFKT NFT division, facing a $5 million lawsuit and signaling a shift away from digital assets. The move follows declining NFT values, sparking concerns […]
Nike Faces Lawsuit Over Sudden Shutdown of RTFKT NFT Unit
A class-action lawsuit has been filed against sportswear giant Nike, alleging they unfairly wiped out the value of NFTs purchased from their RTFKT digital collectibles arm. The suit, […]
Nike Under Strain as US Tariffs Threaten Vietnam-Based Supply Chain
Nike’s global supply chain is facing significant disruptions due to planned tariffs imposed by the United States on goods from Vietnam, a key manufacturing hub for the sportswear […]
Nike’s Fate Uncertain: Trade Wars Leave Iconic Brand Strained
The U.S. retail sector is grappling with the aftershocks of President Trump’s tariffs on Vietnamese goods, and Nike faces severe challenges. With a hefty 46% tariff imposed on […]
Nike Stock Plummets Amidst 46% Tariff Impact on Vietnam-Based Production
Recent U.S. tariff hikes targeting Vietnamese imports have triggered widespread disruption within the footwear and apparel industry, significantly impacting major brands like Nike (NYSE: NKE) and Adidas. These […]