While Nike stumbles, challenger On soars
The Switzerland-based company, which employs around 300 in Portland, on Tuesday reported a 29% increase in annual sales.
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Nike is battling theft in stores, warehouses, and even trains
Nike didn't immediately respond to an Insider question about retail theft. The sportswear giant last fall closed a celebrated outlet store in its hometown of Portland because of ongoing theft.
On CEO on Portland and differentiating itself from Nike, other rivals
On CEO Marc Maurer says Portland serves as the center of the Americas region that brought On more than 27% growth in 2024.
March Madness: How NCAA Nike, Adidas and Under Armour shoe deals line up
A glimpse at the gear teams will wear indicates that Nike and Adidas are getting a push from their top Maryland competitor.