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converse news and archive

Management

Nike posts Q4 loss, sales drop 38 percent

Nike, Inc. has announced that its fourth quarter revenues decreased 38 percent to 6.3 billion dollars, down 36 percent on a currency-neutral basis, primarily due to owned and partner physical store closures across North America, EMEA and APLA due to Covid-19, partially offset by growth in Greater China. The company’s gross margin decreased 820...

Jun 26, 2020

Management

Nike reports 36 percent digital growth amid COVID-19 outbreak

Nike revenues increased to 10.1 billion dollars in the third quarter, up 5 percent on a reported basis and up 7 percent on a currency-neutral basis, driven by 13 percent currency-neutral growth in Nike Direct with digital growth of 36 percent and strong growth across EMEA, APLA and North America, offset by the impact of COVID-19 on the company’s...

Mar 25, 2020

Fashion

Converse to launch first genderless apparel collection, Shapes

Converse is launching its first genderless apparel collection in the summer called Shapes. The first of three collections by the American footwear and apparel brand to debut in 2020, Shapes has been designed “not for gender, but instead for body shape” and has been inspired by the belief that “size is a reference point, not an identity.” The...

Mar 11, 2020

Management

Nike delivers strong revenue and earnings growth in Q2

Nike, Inc. has announced that its revenues for its second quarter ended November 30, 2019 increased to 10.3 billion dollars, up 10 percent on a reported basis and up 13 percent on a currency-neutral basis, driven by strong growth across all geographies. The company said, diluted earnings per share for the quarter were 70 cents, an increase of 35...

Dec 20, 2019

Fashion

Converse links LA-based brand Pleasures for new Pro Leather footwear

Converse has teamed up with LA-based brand Pleasures to launch a new punk-rock version of the Converse Pro Leather. The collection has combined Pleasures’ use of bold and irreverent graphics with Nike-owned Converse’s high-top silhouettes for a punchy adaptation of the old-school shoes. Strong black and white graphics are protected by an outer...

Nov 20, 2019

Report

Nike declares 11 percent increase in quarterly dividend

Nike, Inc. has announced that its board of directors has approved a quarterly cash dividend of 245 cents per share on the company’s outstanding Class A and Class B Common Stock, which represents an increase of 11 percent versus the prior quarterly dividend rate of 22 cents per share. The company added that dividend declared is payable on January...

Nov 15, 2019

Management

Nike's Q1 earnings jump 28 percent

For its first quarter to August 31, 2019, Nike, Inc. said, revenue increased to 10.7 billion dollars, up 7 percent on a reported basis and 10 percent on a currency-neutral basis, driven by growth across all geographies. The company added that diluted earnings per share for the quarter were 86 cents, an increase of 28 percent driven primarily by...

Sep 25, 2019

Fashion

Playfulness is the key for popup gallery by Converse and JW Anderson

The iconic sneaker brand Converse collaborated with JW Anderson to bring together a 4-day pop-up gallery space in London last week. The event showcased the new collection, Chuck 70 Toy. Themed around play and creation, visitors were invited to join workshops and artists’ talks to participate in celebrating this quintessential fashion item.Click...

Jul 30, 2019

Fashion

Converse collaborates with Stranger Things star Millie Bobby Brown

Milly Bobby Brown is trying her hand at footwear design. The 15-year-old star of Netflix hit Stranger Things has collaborated with Converse on a line called 'Millie By You'. The collection gives consumers the opportunity to customize both high and low topped sneakers using a selection of prints, colors and materials curated by Brown. A statement...

Jul 10, 2019

Management

Nike reports strong sales growth in Q4 and FY19

Nike, Inc. has announced that fourth quarter revenue increased to 10.2 billion dollars, up 4 percent on a reported basis and 10 percent on a currency-neutral basis, while full year revenue rose to 39.1 billion dollars, up 7 percent on a reported basis and 11 percent on a currency-neutral basis, as strategic investments in innovation and digital...

Jun 28, 2019

Fashion

Converse to create line of Chuck Taylors made from discarded denim

LikeJ.Crew,Taylor StitchandZappos, Converse is looking for a solution for unwanted jeans. It's answer? A line of Chuck Taylors made from upcycled denim. The American footwear brand will introduce a new line called "Renew Denim" this August, made from worn denim. Converse told Fast Company that its end goal is to create millions of products in...

Jun 26, 2019

Fashion

Footwear brands kick off 50 years of Pride

The LGBTQ communities will have plenty of marching shoe options this month, as sneaker and footwear brands kick-started their rainbow-hued Pride collections and campaigns. The month of June, this year officially and globally recognised as celebrating Gay Pride, commemorates New York's 1969 Stonewall riots, a watershed moment in the modern LGBTQ...

Jun 9, 2019