Nike Guides to a High-Single-Digit Revenue Drop and Rations the Jordan Retros
Friday, October 2, 2026 · 8 min
Nike's first quarter shows running recovering while Sportswear, Jordan and Greater China drag, and a new restructuring called Pace is on the way. Also: Galliano's Zara collection lands, Oxy Capital bids €115 million for Aeffe's businesses, and Neiman Marcus closes its downtown Dallas flagship.
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Nike's first quarter shows running recovering while Sportswear, Jordan and Greater China drag, and a new restructuring called Pace is on the way. Also: Galliano's Zara collection lands, Oxy Capital bids €115 million for Aeffe's businesses, and Neiman Marcus closes its downtown Dallas flagship.
In this episode
- Running was a bright spot for Nike in an otherwise gloomy quarter — Modern Retail
Nike’s turnaround is still a work in progress, but the company is seeing signs of promise in one of its core categories. On Thursday, Nike reported that during its fiscal first quarter, revenue decreased 4% on a reported basis, coming in at $11.2 billion. Net income was $0.7 billion, down 2% year over year. Sales in Greater China, which were down 26% year over year, were one of the biggest drags…
- John Galliano’s Next Move: Remaking the Zara Archives Into Something “Almost Haute Couture” | Vogue Arabia — Shayeza Walid, Mimosa Spencer
John Galliano’s Next Move: Remaking the Zara Archives Into Something “Almost Haute Couture” | Vogue Arabia # John Galliano’s Next Move: Turning Zara Archives Into “Almost Haute Couture” The renowned designer is partnering with the retail giant on a new collection: Re{form} Zara Authored by the Couturier John Galliano By Alexander Fury Photography by Rafael Pavarotti September 30, 2026 VIVE…
- Aeffe Group (Alberta Ferretti) confirms bidding offer of €115 million from Oxy Capital – CPP-LUXURY — CPP-LUXURY
Aeffe Group (Alberta Ferretti) confirms bidding offer of €115 million from Oxy Capital – CPP-LUXURY # Aeffe Group (Alberta Ferretti) confirms bidding offer of €115 million from Oxy Capital Posted On October 1, 2026 CPP-LUXURY 0 Aeffe receives bidding offer from Oxy Capital as part of the ongoing restructuring and the negotiated settlement procedure for the business crisis – expiring Oct. 4th…
- The final day: Downtown Dallas says goodbye to Neiman Marcus — The Dallas Morning News
The final day: Downtown Dallas says goodbye to Neiman Marcus ## The store has held its iconic place downtown for over a century, drawing in celebrities, and many others. By Brian Womack, Staff Writer Sep 30, 2026 There Neiman Marcus’ flagship store in downtown Dallas was relatively quiet on the last business day, September 30, 2026. It was the last business day for the upscale store. Tom…