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Nike Q2 revenues increase by 17 percent

US sportswear giant Nike has reported revenue of 13.3 billion dollars in the second quarter of the year, up 17 percent from a year earlier, or up 27 percent on a currency-neutral basis. Revenue at the Nike brand came in at 12.7 billion dollars, up 18 percent on a reported basis and up 28 percent on a currency-neutral basis, with strong growth...

Dec 21, 2022

ManagementFeatured

Nike's Q1 sales up but net income declines by 22 percent

First Quarter revenues at Nike, Inc. increased 4 percent to 12.7 billion dollars compared to the prior year and were up 10 percent on a currency-neutral basis. However, gross margin decreased 220 basis points to 44.3 percent, while net income was 1.5 billion dollars, down 22 percent and diluted earnings per share were 93 cents, decreasing 20...

Sep 30, 2022

ManagementFeatured

Nike posts flat sales growth, earnings drop

Nike reported fourth quarter revenues were 12.2 billion dollars, down 1 percent compared to prior year and up 3 percent on a currency-neutral basis. Revenues for the Nike brand were 11.7 billion dollars, down 1 percent on a reported basis and up 3 percent on a currency-neutral basis, led by 20 percent growth in EMEA. Revenues for Converse were...

Jun 28, 2022

Fashion |In Pictures

Converse unveils playful collaboration with Peanuts

Comic strip Peanuts is continuing its fashion collaborations with a limited-edition playful footwear Converse collection for adults and kids launching globally on May 24. Converse celebrates humour and positivity with its Peanut collection that includes Converse sneakers, clothing, accessories, and customisable Chucks. The collaboration aims to...

May 24, 2022

ManagementFeatured

Nike's Q3 sales jump, dividend up by 12 percent

Nike has reported a 5 percent year-over-year increase in revenues to 10.9 billion dollars in the third quarter, or an 8 percent increase on a currency-neutral basis. Revenues for the Nike brand were 10.3 billion dollars, up 8 percent compared to prior year on a currency-neutral basis, led by 13 percent growth in EMEA. Revenues for Converse were...

Mar 22, 2022

ManagementFeatured

Nike's Q2 earnings grow 6 percent

For its second quarter, Nike, Inc. said, reported revenues were 11.4 billion dollars, up 1 percent compared to prior year and flat on a currency-neutral basis due to the ongoing impact of supply chain challenges across the marketplace. The company said in a release that Gross margin increased 280 basis points to 45.9 percent, while diluted...

Dec 21, 2021

Fashion |In Pictures

Converse teams up with Pokémon for its 25th anniversary

Converse has joined the 25th anniversary celebration of Pokémon with a collection of footwear, apparel, and accessories inspired by the nostalgic game featuring Pikachu and Jigglypuff. The Converse x Pokémon collection for adults and children launches on December 10 and brings to life the original class of Pokémon, including Bulbasaur,...

Nov 24, 2021

ManagementFeatured

Nike's Q1 revenues increase 16 percent

Revenues for Nike, Inc. increased 16 percent to 12.2 billion dollars compared to the prior year, up 12 percent on a currency-neutral basis. “Nike’s strong results this quarter are continued proof of our deep consumer connections, unrelenting innovation pipeline and a digital advantage that fuels our brand momentum,” said John Donahoe, president...

Sep 24, 2021

Fashion

Sotheby's to auction rare Olympics collection

With the Tokyo Olympics approaching, auction house Sotheby’s has debuted The Olympic Collection, an assemblage of memorabilia, sneakers, and collectibles related to Olympic athletes. The sale will encompass over 50 items, many without reserve, and launch the same day as the Summer Olympic Games on July 23rd. Rare items include a “Prototype Logo”...

Jul 9, 2021

Management

Nike posts surge in Q4 sales and profit

Nike, Inc. said fourth quarter reported revenues were 12.3 billion dollars, up 96 percent compared to prior year and increasing 21 percent compared to the fourth quarter of 2019. Full year reported revenues increased 19 percent to 44.5 billion dollars. Gross margin for the quarter increased 850 basis points to 45.8 percent, while diluted...

Jun 25, 2021

Fashion |In depth Featured

A Plus Market for a New Generation of Retailing

As the body positivity movement continues to gain momentum, brands are embracing size inclusivity to offer products and styles that fully fit the needs of their customers. Concerns with lack of assortment, improper fit, and body shaming that have been voiced by customers over the years are finally being met with innovations and systematic...

Apr 15, 2021

Fashion

Designer Kim Jones launches collection with Converse

Debuting his first collection for Converse, fashion designer Kim Jones explores the brand’s DNA through his nostalgic designs while delivering a contemporary spin on the American sneaker. Jones stated he updated the Converse Chuck 70 sneaker with streetwear in mind by reinforcing foot stability and enhancing grip to increase traction on city...

Apr 1, 2021