Though Nike dropped a spot in this year’s ranking, the sportswear powerhouse grew its revenue and profit and maintained its status as the world’s largest supplier of athletic apparel. A sales partnership with Amazon and Instagram also expanded Nike’s digital reach, much to the chagrin of its brick-and-mortar retail partners. Still, Nike has room for concern. Competition with Adidas, Under Armour and Puma remains fierce, and it looks highly unlikely Nike will hit its ambitious target of $50 billion in sales by 2020. Plus, questions over the company’s leadership have emerged in recent months. Allegations of harassment and discrimination against Nike’s female employees resulted in the departures of 11 top level executives, including company president Trevor Edwards, once seen as a potential successor to CEO Mark Edwards–who is nearing 65 years of age.
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The lawsuit, filed Thursday in federal court in Portland, Oregon, seeks class-action status.
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Skeptics say the policy, as devised, wouldn't be effective.
But no mention of the scandals that toppled 11 executives.