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No shortage of growth opportunities for Nike

Sporting goods giant Nike says there are no shortage of growth opportunities for the group, and that it will continue to elevate the same le...

Nike Q1 surge driven by innovation

Basking in the glow of an impressive set of first quarter figures, Nike CEO Mark Parker took the chance to set out exactly where things had...

In the money: Nike running into headwinds

Leonie Barrie | 29 Jun 2012

Sportswear giant Nike made a rare stumble in its fourth quarter as higher product and marketing costs took their toll on margins and offset the largely positive effects of higher sales, price increases and cost reduction initiatives.

Nike shrugs off industry woes

Joe Ayling | 22 Dec 2010

Shareholders of US sportswear group Nike can be rest assured this Christmas that current and future growth is ahead of the field, despite a note of caution from the company's boss.

ANALYSIS: Nike finds growth beyond the tick

Joe Ayling | 24 Sep 2010

Sporting goods giant Nike has joined the chorus of retailers and brands warning of rising input costs in the supply chain, even though its stable of portfolio brands has returned strong revenue growth during the first quarter of its current financial year.

More of the same in Nike growth targets

Richard Woodard | 6 May 2010

Nike’s long-term growth plans constitute, to paraphrase the words of one rather underwhelmed analyst, more of an evolution than a revolution. The headline revenue target of US$27bn looks impressively bullish, but much of what lies behind it is little more than a development of past strategies.

Latest News

Shop Direct backs Black Friday as sales rise

Richard Woodard | 14 Jan 2015

Online retail group Shop Direct has backed Black Friday after group sales rose 4% in the Christmas period against “extremely strong” comparatives from last year.

New Balance hits back in Converse trademark row

Richard Woodard | 14 Jan 2015

Footwear business New Balance has hit back at rival Converse in a continuing row about the design of the latter’s Chuck Taylor All-Star sneakers.

Nike shares slide on future orders in Q2

Michelle Russell | 19 Dec 2014

Sporting goods giant Nike has revealed second-quarter earnings that rose faster than revenue thanks to gross margin expansion - but weak growth in future orders hit its share price.

Investigation into Converse trademark complaint

Katie Smith | 14 Nov 2014

The US International Trade Commission (USITC) is to launch an investigation into trademark infringement claims against 31 footwear retailers and manufacturers following a complaint by Converse.

Converse trademark suit targets 31 rivals

Richard Woodard | 15 Oct 2014

Nike-owned footwear business Converse is suing 31 rivals over claims they infringed the trademark of its Chuck Taylor All-Stars shoes.

Future Group and Amazon collaborate in India

Michelle Russell | 13 Oct 2014

Indian retail giant Future Group has formed an alliance with global online behemoth Amazon India in a bid to extend the reach of its apparel line in the country.

Nike books "flawless" first-quarter performance

Katie Smith | 26 Sep 2014

Sporting goods giant Nike delivered a "flawless" performance in the first quarter of its new fiscal year, with strong double-digit jumps in both profit and revenues.

Brands urged to uphold responsibility at Yue Yuen

Michelle Russell | 24 Apr 2014

Hong Kong-based advocacy group Globalization Monitor has issued an open letter to brands sourcing from the striking Yue Yuen factory in China - Adidas, Nike, and Timberland - demanding they uphold their corporate social responsibility.

Higher sales and margins boost Nike Q3

Michelle Russell | 21 Mar 2014

Higher revenues, margin expansion and a lower tax rate helped boost earnings for sporting goods giant Nike Inc in its third-quarter.

Nike backs online retail analytics platform

Leonie Barrie | 5 Mar 2014

Sporting goods giant Nike Inc has invested in a new online predictive analytics platform for retailers and brands, which is being piloted by the company's Converse unit as well as beach clothing specialist O'Neill.

Nike Q2 profit jumps 40% on sales growth

Katie Smith | 20 Dec 2013

Sporting goods giant Nike has reported a 40% hike in second-quarter net profit, bolstered by higher revenues and continued margin improvement.

Nike targets US$36bn revenues by 2017

Richard Woodard | 10 Oct 2013

Sporting goods colossus Nike has set a new revenue target of US$36bn by the end of fiscal 2017, and expects to break $30bn by fiscal 2015, it said at an investor meeting.

Europe and Converse send Nike Q1 profit up 33%

Richard Woodard | 27 Sep 2013

Sporting goods giant Nike posted a 33% surge in first quarter net profit, buoyed by near-ubiquitous growth and improving margins.

World footwear market to reach $211.5bn in 2018

Katie Smith | 2 Sep 2013

The global footwear market is expected to be worth US$211.5bn in 2018, with growth driven by Asia Pacific and Europe, according to new research.

Billabong reaches refinancing deal, sells DaKine

Petah Marian | 16 Jul 2013

Australian surfwear brand Billabong will sell its DaKine clothing and accessories brand and let go of chief executive Launa Inman as part of a refinancing deal.

Nike shuffles management as Denson plans to retire

Petah Marian | 21 Jun 2013

Nike has announced a series of strategic leadership changes following brand president Charlie Denson's decision to retire in January 2014.

Nike promotes Spillane to head China operations

Katie Smith | 2 May 2013

Oregon-based sportswear giant Nike has promoted Michael Spillane to the position of vice president and general manager of Greater China.

Nike Q3 profit up 16% as margins rise

Richard Woodard | 22 Mar 2013

Sporting goods colossus Nike grew earnings ahead of revenues in the third quarter of fiscal 2013 thanks to a substantial increase in gross margins.

Belle International shares fall on profit warning

Katie Smith | 21 Feb 2013

Chinese footwear and sportswear business Belle International has seen its share price fall today (21 February) after admitting its 2012 profit will be at the lower end of analyst expectations.

Nike completes sale of Cole Haan to Apax Partners

Petah Marian | 4 Feb 2013

Sportswear giant Nike has completed the sale of footwear brand Cole Haan to private equity firm Apax Partners, after the US$570m deal was revealed in November.

Columbia inks global sock license with Delta Galil

Leonie Barrie | 11 Jan 2013

Delta Galil Industries is to be the exclusive licensee of Columbia Sportswear's global sock business beginning with the autumn 2013 season.

Converse sets sights on Boston HQ

Katie Smith | 9 Jan 2013

The Converse athletic footwear and apparel brand, a subsidiary of sportswear giant Nike, is to relocate its corporate headquarters from North Andover to Boston, Massachusetts in April 2015.

Nike names Wyett to lead action sports

Leonie Barrie | 18 Dec 2012

Sportswear giant Nike Inc is reshuffling some of its senior executives, putting Roger Wyett in charge of its action sports business.

Iconix Brand Group completes Umbro acquisition

Katie Smith | 3 Dec 2012

Iconix Brand Group, which licenses fashion and footwear labels like Candie's, Bongo, London Fog and Joe Boxer, has completed the acquisition of UK football brand Umbro from Nike for US$225m.

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