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Nike posts Q1 profit jump on higher revenue

25 September 2019 | Hannah Abdulla

US sportswear retailer Nike Inc has reported a 25% jump in first-quarter profits to US$1.4bn driven by strong revenue growth.... read more


Nike launches first footwear subscription box for kids

13 August 2019 | Beth Wright

US sporting goods giant Nike has launched its first footwear subscription service for children in a move it says will make shopping for youngster's shoes as convenient as possible – but which also builds a direct-to-consumer connection with the next generation of customers.... read more


New Converse Renew Initiative rethinks waste

27 June 2019 | Beth Wright

Nike Inc's Converse business is to use post-consumer and post-industrial waste in new sustainable versions of its Chuck Taylor All Star and Chuck 70 shoes.... read more


Digital focus helps drive Nike's Q3 growth

22 March 2019 | Leonie Barrie

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.... read more


Former Coca-Cola exec to lead Converse brand

2 January 2019 | Leonie Barrie

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


Nike in Q1 hike, continues North America momentum

26 September 2018 | Beth Wright

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.... read more


Nike in Q4 hike amid North America sales gain

29 June 2018 | Beth Wright

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.... read more


Global revenue growth boosts Nike Q4

30 June 2017 | Beth Wright

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.... read more


Demand in all regions drives Nike Q3 earnings growth

22 March 2017 | Beth Wright

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.... read more


Nike Q2 profit grows on US and China demand

21 December 2016 | Michelle Russell

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.... read more


Converse breaks away from sneakers with new apparel line

27 September 2016 | Beth Wright

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.... read more


Skechers wins latest round in Converse lawsuit

30 June 2016 | Leonie Barrie

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.... read more


Nike promotes Spillane to product and merchandising role 

25 April 2016 | Katie Smith

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.... read more


Nike grows future orders as Q2 earnings climb

23 December 2015 | Michelle Russell

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. ... read more


New Balance hits back in Converse trademark row

14 January 2015 | Richard Woodard

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.... read more


VIDEO: Shop Direct backs Black Friday as sales rise

14 January 2015 | Richard Woodard

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.... read more


Nike shares slide on future orders in Q2

19 December 2014 | Michelle Russell

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.... read more


Investigation into Converse trademark complaint

14 November 2014 | Katie Smith

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.... read more


Converse trademark suit targets 31 rivals

15 October 2014 | Richard Woodard

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


Future Group and Amazon collaborate in India

13 October 2014 | Michelle Russell

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.... read more


Nike books "flawless" first-quarter performance

26 September 2014 | Katie Smith

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.... read more


IN THE MONEY: No shortage of growth opportunities for Nike

27 June 2014 | Michelle Russell

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.... read more


CHINA: Brands urged to uphold responsibility at Yue Yuen

24 April 2014 | Michelle Russell

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.... read more


US: Higher sales and margins boost Nike Q3

21 March 2014 | Michelle Russell

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


US: Nike backs online retail analytics platform

5 March 2014 | Leonie Barrie

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.... read more


US: Nike Q2 profit jumps 40% on sales growth

20 December 2013 | Katie Smith

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


US: Nike targets US$36bn revenues by 2017

10 October 2013 | Richard Woodard

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.... read more


In the money: Nike Q1 surge driven by innovation

27 September 2013 | Richard Woodard

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 gone right for the sporting goods colossus.... read more


US: Europe and Converse send Nike Q1 profit up 33%

27 September 2013 | Richard Woodard

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


WORLD: Footwear market to reach $211.5bn in 2018

2 September 2013 | Katie Smith

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.... read more


AUSTRALIA: Billabong reaches refinancing deal, sells DaKine

16 July 2013 | Petah Marian

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. ... read more


US: Nike shuffles management as Denson plans to retire

21 June 2013 | Petah Marian

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


US: Nike promotes Spillane to head China operations

2 May 2013 | Katie Smith

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


US: Nike Q3 profit up 16% as margins rise

22 March 2013 | Richard Woodard

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


CHINA: Belle International shares fall on FY profit warning

21 February 2013 | Katie Smith

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.... read more


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