Posts tagged as nike

  • nike_HO15_NSW_SNEAKERBOOT_GROUP_MENS_01_native_600

    Thursday, October 15th 2015

    Nike lays out ambitious plans through 2020

    by Markus Huber

    Nike has presented its mid-term plans for future growth to investors. The group intends to increase total sales by 63 percent from now through the 2020 financial year. This goal will be achieved by an annual growth rate in the high single-figures or low double-figures, while earnings per share should increase to the mid-teens. The overall target […]

  • hurley_phantom-history-01

    Wednesday, October 7th 2015

    Bob Hurley to leave Hurley brand

    by Markus Huber

    Bob Hurley, founder of the board sports brand of the same name, will step down from his role as chief executive after 16 years in office. He will be replaced by Bob Coombes, so far vice president and general manager at Hurley, who will report to Jayme Martin who acts as vice president and general […]

  • Wednesday, October 7th 2015

    Adidas confirms leadership in the Indian market

    by Markus Huber

    Adidas surpassed its competitors Puma and Nike in the Indian market in 2014. Excluding Reebok, the Three Stripes reached total sales of 805 Indian rupees crore (€109.6 million) in the period between April 2014 and March 2015. Sales were up from INR 737 crore (€100.0 million) in the previous period. Its major rival Puma reached, […]

  • nike_investors1

    Friday, September 25th 2015

    Nike not concerned about China’s slowdown

    by Markus Huber

    Nike has presented its figures for the first quarter ended Aug. 31 which included a gain in overall sales by 5.4 percent in reported dollars to $8.41 billion topping  expectations of analysts at $8.22 billion. Net profit soared by 23 percent to $1.18 billion. Gross margin improved by 0.9 percentage points to 47.5 percent. By […]

  • Nike_FuelBand_SE_Volt_4Band_iPhone_large

    Monday, July 27th 2015

    Nike and Apple pay millions to settle class action against Fuelband

    by Markus Huber

    According to media reports, Apple and Nike, the two partners behind the Fuelband wearable device, have reached a settlement with unhappy customers. It was said that the class suit was with regards to wrongful advertising of the Fuelband by suggesting that the item could count calories or steps. The settlement concerns products purchased between January 2012 and June this year. […]

  • jordan_pwp_sheet2

    Monday, July 27th 2015

    Nike cashes out with ongoing endorsement for Michael Jordan

    by Markus Huber

    The business website fool.com has put together a highly interesting story on the value of basketball legend Michael Jordan for the Swoosh brand: According to Forbes, Jordan is now worth upwards of $1 billion. Among other sources of income, the retired athlete still receives an annual payment of some $100 million for the Jordan brand alone. Last […]

  • Nike_Women_Presents_Carli_Lloyd_3_native_1600

    Tuesday, July 7th 2015

    Women’s soccer viewing peaks as the U.S. secures the cup

    by Markus Huber

    The women’s soccer World Cup enjoyed an all-time high in the U.S. on Sunday, when their team defeated the incumbent champion of Japan in the finals by a hefty 5-2. According to media reports, more than 20 million Americans watched their team triumph. That corresponds to a more than a 100 percent increase in viewing […]

  • Monday, July 6th 2015

    Phil Knight working on succession plans at Nike

    by Markus Huber

    Phil Knight, co-founder of Nike, has revealed plans to prepare the company for a new generation at the helm of the Swoosh corporation. It was said that the 77-year-old aims to hand over his own shares to a limited liability company. The current chief executive, Mark Parker, is said to succeed Knight as chairman of […]

  • Friday, June 26th 2015

    Nike continues double-digit growth

    by Markus Huber

    The global leader in sporting goods increased its sales by approximately ten percent during its fiscal year 2014-15 ended May 31, compared with the previous financial year. Overall turnover reached $30.6 billion. On constant currencies, sales improved by 14 percent. In the fourth quarter sales were up by 5 percent (13 percent currency-neutral) and reached […]

  • Thursday, June 11th 2015

    Nike signs mega-deal with NBA

    by Markus Huber

    Nike has signed an eight-year sponsorship deal with the National Basketball Association (NBA) to design and manufacture jerseys, uniforms and warm-up outfits. A new aspect of the agreement is that the garments will be co-branded and will display, for the first time, the supplier’s logo along with the NBA logo. The Swoosh brand will take […]