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Digital focus helps drive Nike's Q3 growth Leonie Barrie | 22 Mar 19

Nike Inc’s focus on driving speed, innovation and digitisation across its business – its so-called Triple Double strategy – has helped the US sporting goods giant to strong growth during the third quarter.

Former Coca-Cola exec to lead Converse brand Leonie Barrie | 2 Jan 19

Former Coca-Cola executive G Scott Uzzell is joining Nike Inc’s Converse trainers business later this month as its new president and CEO.

Nike in Q1 hike, continues North America momentum Beth Wright | 26 Sep 18

Shares in Nike Inc were down by 2.58% in pre-market trading despite the US sporting goods giant reporting double-digit increases in both earnings and revenue during the first quarter as it hailed the success of its Consumer Direct Offense and digital capabilities.

Nike in Q4 hike amid North America sales gain Beth Wright | 29 Jun 18

Shares in Nike Inc were up by 9.34% in pre-market trading as the US sporting goods giant reported double-digit increases in both earnings and revenue during the fourth quarter and booked a return to growth in North America, but full-year profits were knocked by the impact of the Tax Cuts and Jobs Act.

Global revenue growth boosts Nike Q4 Beth Wright | 30 Jun 17

Shares in Nike Inc climbed almost 7% to $56.51 in pre-market trading as the US sporting goods giant reported increases in both earnings and revenue during the fourth quarter, and confirmed a deal with online behemoth Amazon.

Demand in all regions drives Nike Q3 earnings growth Beth Wright | 22 Mar 17

US sporting giant Nike booked what it called a "solid" third-quarter after delivering a double-digit profit hike and witnessing demand for its namesake brand across all geographies.

Nike Q2 profit grows on US and China demand Michelle Russell | 21 Dec 16

US sporting giant Nike has booked higher second-quarter earnings on stronger demand in China and its domestic market, while indicating a potential rebound in its basketball business.

Converse breaks away from sneakers with new apparel line Beth Wright | 27 Sep 16

Nike-owned Converse has revealed it will unveil a new apparel line, complete with a limited-edition collection, later this week in a bid to branch out and away from its mainstay sneaker.

Skechers wins latest round in Converse lawsuit Leonie Barrie | 30 Jun 16

An ongoing trademark spat between Sketchers USA and Nike-owned Converse has seen the US International Trade Commission (ITC) rule that Skechers can continue importing and selling its Twinkle Toes and BOBS shoes in the US.

Nike promotes Spillane to product and merchandising role  Katie Smith | 25 Apr 16

US sporting goods giant Nike has promoted Michael Spillane to the position of president of product and merchandising as one of a number of changes designed to drive further growth.

Nike grows future orders as Q2 earnings climb Michelle Russell | 23 Dec 15

Sporting goods giant Nike reported higher future orders in its second-quarter thanks to strong demand from China and Japan, and saw growth in both earnings and sales. 

New Balance hits back in Converse trademark row Richard Woodard | 14 Jan 15

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.

VIDEO: Shop Direct backs Black Friday as sales rise Richard Woodard | 14 Jan 15

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.

Nike shares slide on future orders in Q2 Michelle Russell | 19 Dec 14

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 14

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 14

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 14

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 14

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.

IN THE MONEY: No shortage of growth opportunities for Nike Michelle Russell | 27 Jun 14

Sporting goods giant Nike says there are no shortage of growth opportunities for the group, and that it will continue to elevate the same level of innovation in its supply chain and product portfolio going forward.

CHINA: Brands urged to uphold responsibility at Yue Yuen Michelle Russell | 24 Apr 14

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.

US: Nike backs online retail analytics platform Leonie Barrie | 5 Mar 14

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.

US: Nike Q2 profit jumps 40% on sales growth Katie Smith | 20 Dec 13

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

US: Nike targets US$36bn revenues by 2017 Richard Woodard | 10 Oct 13

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.

US: Europe and Converse send Nike Q1 profit up 33% Richard Woodard | 27 Sep 13

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 13

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.

AUSTRALIA: Billabong reaches refinancing deal, sells DaKine Petah Marian | 16 Jul 13

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.

US: Nike Q3 profit up 16% as margins rise Richard Woodard | 22 Mar 13

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

CHINA: Belle International shares fall on FY profit warning Katie Smith | 21 Feb 13

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.

US: Nike completes sale of Cole Haan to Apax Partners Petah Marian | 4 Feb 13

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.

UK: Columbia inks global sock license with Delta Galil Leonie Barrie | 11 Jan 13

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




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