US: Nike warns on higher costs as Q3 disappoints
By just-style.com | 18 March 2011
Shares in Nike Inc fell nearly 6% in trading yesterday (17 March) after the sportswear giant's third quarter earnings missed expectations and it warned that rising oil, cotton and transport costs are set to continue to affect its near-term profitability.
Join now for increased access
There are various access options to choose from. All provide instant access to the latest news, insight and expert analysis.
If you're already a member, login here.
More articles related to this one
HONG KONG: Esquel signs deal for FastReact planning tool
Global apparel manufacturer Esquel Group, which produces clothing for brands including Hugo Boss, Nike, Polo Ralph Lauren and Lacoste, has signed a deal to use FastReact's planning software as part of ambitious plans for the growth and increased productivity of its business.
Global sourcing pledges for Mexico's shoe sector
Mexico's leading footwear fair Sapica closed last week with more promises from global shoe brands to switch their sourcing to Leon, the nation's manufacturing hub, in coming months.
SWEDEN: H&M ranked world's top user of organic cotton
Swedish fashion retailer H&M was ranked as the world's number one user of organic cotton last year - taking it closer to its goal of only using cotton from more sustainable sources by 2020.