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US: Nike warns on higher costs as Q3 disappoints | 18 Mar 11

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.

US: Nike reshuffles affiliates, apparel managers | 9 Feb 11

Sporting goods giant Nike Inc has promoted Roger Wyett, the head of its Hurley International unit, to president of its Nike Affiliates portfolio.

US: Nike's 22% hike in Q2 profit offset by future orders | 22 Dec 10

Strong sales and clean inventories have helped sportswear and equipment giant Nike Inc to a 22% hike in second quarter profit, but shares fell nearly 6% after an 11% rise in future orders came in below analysts' expectations.

SWEDEN: New Wave appoints China VP | 18 Oct 10

Magnus Claesson has been appointed as VP China of New Wave Group, which designs, acquires and develops brands including Umbro and Cutter & Buck.

UK: Umbro extends England kit deal | 8 Sep 10

Sporting goods firm Umbro has agreed to extend its partnership with the England football team until 2018.

US: Nike targets US$27bn revenue by 2015 | 6 May 10

World-leading sportswear company Nike is targeting revenues of US$27bn by the end of fiscal 2015, led by growth in emerging markets and hundreds of new Nike stores.

ANALYSIS: Nike gains momentum from the woes of others Richard Woodard | 18 Mar 10

Taking the figures in isolation, it appears that Nike president and CEO Mark Parker is indulging in a little pre-World Cup hype when he calls the company’s third quarter “great”.

US: Nike hails “great quarter” as Q3 profit rises | 18 Mar 10

Sporting goods giant Nike hailed its fiscal third quarter as “great” after underlying net profit edged up 2% to US$496m.

10 industry developments that shaped the decade Joe Ayling | 23 Dec 09

Having delivered apparel and footwear industry news for the past decade, just-style takes a reflective look through its archives to highlight ten key themes that have helped shape the apparel industry over the last 10 years.

INSIGHT: Nike well-placed after solid Q1 Richard Woodard | 30 Sep 09

Sportswear giant Nike held steady with a first quarter net profit of US$513m, fractionally up on last year’s figures, as cost-cutting made up for falling sales.

US: Nike Q1 profit static thanks to cost-cutting | 30 Sep 09

Sportswear giant Nike held steady with a first quarter net profit of US$513m, fractionally up on last year’s figures, as cost-cutting made up for falling sales.

UK: Allaker named as new Umbro CEO | 18 Aug 09

Jim Allaker, vice president/general manager of Nike UK & Ireland, has been appointed as the new CEO and president of football-focused affiliate Umbro.

US: Nike Q4 profit down 30% as future orders fall | 25 Jun 09

Slumping sales in every geographic sector except Asia have coupled with restructuring charges to push sporting goods giant Nike Inc to a 30% drop in fourth quarter profit.

US: Levi's brand inks slipper and sandal deal | 26 Mar 09

The Levi's brand is to launch a range of slippers and sandals after signing a licensing deal with Dearfoam slippers producer RG Barry Corporation.

US: Nike reorganising brand into six regions | 20 Mar 09

Sporting goods giant Nike Inc today (20 March) unveiled plans to reorganise its Nike brand into six regions with less management in a bid to make its operations more efficient and trim costs.

US: Nike Q3 profit tumbles 47% on charges | 19 Mar 09

Higher costs, lower sales in Europe and weakness at its Umbro football brand have almost halved third quarter profit at sporting goods giant Nike Inc.

US: Nike 10% Q1 profit dip beats forecasts | 25 Sep 08

Sportswear giant Nike has posted first quarter profits of US$510.5m, down 10% on last year but still ahead of expectations on Wall Street.

UK: Sports Direct lifts stake in rival JD Sports | 23 Sep 08

Sporting goods chain Sports Direct has increased its stake in rival UK retailer JD Sports, which today (23 September) posted a 54% increase in profits for the first half.

HONG KONG: Labour groups protest at Olympics suppliers | 4 Aug 08

With just five days to go before the start of the Beijing Olympic Games, campaigners in Hong Kong have protested at what they say is the failure of the International Olympic Committee (IOC) to make sure that Olympic-branded products are not be made with sweatshop labour.

BELGIUM: Sports brands push for better working conditions | 15 Jul 08

Leading sporting goods brands including Nike, Adidas, New Balance, Umbro and Speedo are forming a ground-breaking joint working group with trade unions and NGOs to establish better working conditions across the sector.

US: International growth propels Nike Q4 profit up 12% | 26 Jun 08

Strong sales growth in Europe, Asia and the Americas has helped Nike Inc, the world's leading sportswear company, to a 12% jump in fourth quarter profit.

Digital printing in action in Asia | 27 May 08

Despite all the hype about digital printing over the last few years, just 2% of the world’s printed fabric is produced using this method. One of the reasons for this slow uptake is that digital printing is far from straight-forward, as Niki Tait finds out at Digital Print Asia, one of the world’s largest digital print companies.

Top stories on just-style this week... | 7 Mar 08

Here is a roundup of the top five most-read stories on just-style this week. Click on each headline for the full story.

US: Nike facing Brazil balancing act | 4 Mar 08

Nike could face pressure from the Brazilian Soccer Federation (CBF) to renegotiate sponsorship terms after details of its lucrative deal with the French national team were revealed by the French Football Federation (FFF) last month.

UK: Umbro CEO resigns as Nike deal completes | 4 Mar 08

The CEO at football kit maker Umbro is to be replaced by an executive from Nike, the sporting goods giant that is currently completing its acquisition of the UK firm.

US: Nike to sponsor French national football team | 25 Feb 08

Sporting goods giant Nike has been signed up as the next equipment supplier of the French Football Federation (FFF), ousting current sponsor Adidas and reinforcing its focus on the global soccer field.

UK: Sports Direct targets China via £20m retail deal | 6 Feb 08

Sports Direct International is to sell its leasurewear brands in China after inking a GBP20m deal with domestic retailer ITAT Group Limited.

UK: Umbro shareholders accept $565m Nike offer | 31 Jan 08

The shareholders of UK football brand Umbro have voted in favour of a proposed GBP285 (US$565m) takeover offer from sporting goods giant Nike today (31 January).

UK: JJB Sports agrees to Nike's acquisition of Umbro | 29 Jan 08

UK retail group JJB Sports has indicated its support for Nike's US$582m all-cash offer to acquire Umbro.

UK: Office of Fair Trading OKs Nike-Umbro merger | 17 Jan 08

The UK's Office of Fair Trading (OFT) has cleared Nike's anticipated GBP285m (US$565m) acquisition of Umbro.



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