Nike

Nike reports $13.3bn Q2 revenues, beats street expectations

SportzPower Team

Dec 21, 2022 20:12

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Nike, Inc. has beat profit expectations, reporting Tuesday that fiscal 2023 second quarter revenues were $13.3 billion for the three-month period ended November 30, up 17% compared to the prior-year comparable period and up 27% on a currency-neutral basis.

Overall revenues for the Nike brand were $12.7 billion, up 18% on a reported basis and up 28% on a currency-neutral basis, with strong growth across all geographies and channels.

Jul 23, 2020 18:07

Nike revamps top mngmt; major jobs cull on anvil

BEAVERTON, Ore.: NIKE, Inc. announced a series of senior leadership changes Wednesday supporting the company's Consumer Direct Acceleration (CDA).

Jun 23, 2020 19:06

Nike's India cricket kit sponsor deal up for renewal in Sep

NEW DELHI: A 14-year relationship that US sportswear giant Nike has had going with the BCCI as Team India kit sponsor rights holder is expected to soon be up for bidding as a fresh tender will need to be issued as the current partnership ends in September. As per reports, Nike coughed up around Rs 3.7 billion to renew the kit sponsorship with the Indian team that will finish on September 30.

Jun 02, 2020 17:06

New Balance stays Liverpool kit partner for 2 more months

LONDON: Premier League leaders Liverpool FC confirmed Monday that New Balance will continue as the club's official kit supplier until July 31. "It has been mutually agreed with New Balance, the club and incoming kit supplier Nike that the deal, which was due to come to an end on May 31, will be extended due to the Premier League being suspended as a result of COVID-19," a club statement reads.

Mar 25, 2020 18:03

Fiscal 2020 Q3 results: Nike reports revenues up 5%

BEAVERTON, Ore.: NIKE, Inc. Tuesday reported fiscal 2020 financial results for its third quarter ended February 29. Revenues rose 5% on a reported basis and 7% on a currency-neutral basis while digital sales were up 36% versus the prior year.

Feb 19, 2020 18:02

Nike announces top leadership recast

BEAVERTON, Ore.: NIKE, Inc. Wednesday announced a series of senior leadership changes, elevating experienced leaders who will drive growth for the future.

Jan 27, 2020 12:01

NBA legend Kobe Bryant, teen daughter die in copter crash

NEW YORK: NBA and Los Angeles Lakers legend Kobe Bryant died in a helicopter crash Sunday in Calabasas, California. Bryant's 13-year-old daughter Gianna and seven others on the same flight were also killed. Bryant, 41, leaves behind a wife, Vanessa, and three surviving daughters - Natalia, Bianka and Capri, who was born only last year.

Jan 08, 2020 13:01

Liverpool confirms Nike as new kit partner

LONDON: Liverpool FC has confirmed that Nike will replace New Balance as its new kit manufacturer from the 2020-21 season in a five-year deal worth a reported $39.5 million per year. The announcement was awaited ever since last October when London's High Court ruled in favour of the Premier League leaders' in its legal dispute with New Balance.

Nov 21, 2019 15:11

Nike invests in hands-free footwear tech firm

BEAVERTON, Ore.: Nike Inc. on Wednesday announced a strategic investment in and exclusive intellectual property licensing partnership with Handsfree Labs Inc., a pioneer in hands-free footwear technology. The technology enables consumers to step in and out of shoes more easily without lacing or the use of hands. Financial terms of the investment were not disclosed.

Oct 25, 2019 18:10

Liverpool wins case against New Balance, set for Nike switch

LONDON: London's High Court has ruled in favour of Liverpool FC in the Premier League leaders' legal dispute with current kit partner New Balance, setting the stage for the Reds to switch to Nike next season in a five-year deal, the terms for which have reportedly already been agreed.

Aug 07, 2019 17:08

Nike acquires retail predictive analytics firm

BEAVERTON, Ore.: Nike, Inc. announced Tuesday it has acquired Celect, a leading retail predictive analytics and demand sensing firm based in Boston. Financial terms were not disclosed. Celect is Nike’s latest acquisition fueling its Consumer Direct Offense strategy, serving consumers personally at a global scale.

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