Business
Nike Q2 earnings set to reflect COVID-era supply strains, impact from Asia
December 20, 2021
February 18, 2025
By Evans Momodu
2 minute digest
Published 16:38 UK(GMT), 18 Feb,2025
While gaint brands compete for the position of best active brands in 2025, Nike is facing a decline, with sales down and its stock losing over 25% in the past year.
To revitalise its brand, the sportswear giant has announced a new partnership with Kim Kardashian to launch NikeSkims, a fitness and activewear brand inspired by her popular Skims shapewear line.
Nike aims to regain relevance in the activewear space, where brands like Lululemon and Alo have gained traction. Retail expert Neil Saunders believes Nike has struggled to innovate and engage consumers, while Skims brings strong storytelling and cultural influence.
Meanwhile, Skims is expanding beyond shapewear, having already entered menswear and secured sponsorships with the NBA, WNBA, and Team USA. The brand was valued at $4 billion in 2023.
Nike is betting on Kardashian’s cultural influence and business acumen to reignite its brand—but whether NikeSkims will reshape the activewear industry remains to be seen.
Source: CNN