The timing could be right for sportswear giant Nike to consider an acquisition, according to a report in the Wall Street Journal yesterday (17 January).

Citing Nike's good balance sheet and expansion within the niche brands market, the Journal echoed other reports which stemmed from CEO Mark Parker's recent admission that the company is actively looking to buy.

Parker has said there are no specific targets as yet, but many industry commentators have suggested that the expansionist Puma 'sportslifestyle' firm would be an ideal purchase for Nike, which is likely to be looking to up its game after arch rival Adidas Group bought Reebok last year.