Company
Nike Inc
NYSE:NKE
Nike Inc is engaged in the designing, marketing and distributing of athletic footwear, apparel, equipment and accessories and services for sports and fitness activities. The company's operating segments include North America; Europe, Middle East & Africa (EMEA); Greater China; and Asia Pacific & Latin America (APLA). It sells a line of equipment and accessories under the NIKE Brand name, including bags, socks, sport balls, eyewear, timepieces, digital devices, bats, gloves, protective equipment and other equipment designed for sports activities.
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Nike reiterates digital sales commitment as tech boss departs
Nike is still set on its digital transformation, despite tech boss Ratnakar Lavu’s departure, says the department's vice president
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Dow leads rally as stocks rebound on strong earnings, consumer confidence
At 4pm, the Dow was 1.6% higher at 33,376, while the Nasdaq and the S&P 500 both posted gains of 1.5% to close att 10,709 and 3,878 points respectively
US stocks start the quarter with a bang
At the close the Dow Jones Industrial Index was up 765 points at 29,490, the S&P 500 soared 93 points to 3,678 while the Nasdaq Composite advanced 240 points to 10,815.
Nike Q1 revenues top forecasts but rising costs dent margins
The sportswear retailer posted 4% growth in first quarter revenues on a reported basis to US$12.7 billion, above the market consensus expectations
Nike beats expectations despite Russia exit and China rout
It is the first time since 2020 first quarter the athletic giant's quarterly revenue has fallen, though it still beat analyst expectations
StockX slams Nike for 'a lack of understanding of the modern marketplace'
Nike has accused online marketplace StockX of allowing sales of counterfeit Nike sneakers
Nike results spells good news for JD Sports
"We categorically do no expect JD’s allocations of exclusive product from the big brands to fall, and we see the recent share price weakness as a very good buying opportunity," Peel Hunt says
Nike becomes latest to halt Russian-related operations
It joined a long list of Western companies to suspend their operations in Russia, including Apple, BP, Shell, and Ford
Nike’s North American market drives strong second quarter results
The company’s Direct sales contributed heavily to the better-than-expected performance
Nike just does it and enters metaverse with RTFKT deal
The clothing brand confirmed the acquisition of a virtual sneaker creator
Nike takes a leap into the metaverse
The filings, along with two recent job postings for virtual material designers, suggest that the company is laying the foundations for Nike-branded products in the metaverse
Nike cuts sales guidance over knots in supply chain
Nike said it had lost 10 weeks of production in Vietnam so far
On Holding listing makes Roger Federer king of trainers as well as Wimbledon
On Holding soared in value by 47% to US$11bn in first dealings yesterday.
Nike gives extra week off to HQ office staff as UK unions call for more bank holidays
The holiday was granted only to head office employees, so all Nike staff in shops and other offices will have to carry on working as normal
Nike to make like Air Jordan after sales hit quarterly record
This comes amid sky-high demand for trainers and a $3.7bn valuation for Goat Group, operator of an online marketplace for rare or popular sporting footwe
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US stocks close higher after President Biden declares infrastructure deal
The bipartisan agreement includes $579 billion in new spending, much less than Biden and the Democrats first proposed