Wall Street analysts were upbeat about Nike's long-term growth, encouraged by the sportswear maker's robust online sales and strength in China that helped overcome slowing demand in North America, its biggest market.
Nike Inc's quarterly revenue and profit blew past Wall Street expectations on Thursday on strong sales in China, but lower-than-expected growth in North America, its biggest market, overshadowed the beat.
The iconic Brazilian flip-flop brand has entered into a two-year global sponsorship deal with the World Surf League, with plans to activate at six of the organization’s official stages over the next year.
Nike is continuing its strategy of focusing not only on the sporting prowess of its stars, but on the stories behind their rise to success. And its latest campaign sees it turning the spotlight on Raheem Sterling.
The US brand no longer wants to be identified with the Yellow Boots alone, and has worked on a lifestyle range for many years. Its apparel design director introduced FashionNetwork to the brand’s new line segmentation.
The Birmingham, Alabama-based sportswear retailer announced on Monday that Mike Longo, CEO of its recently acquired City Gear brand, will be taking over as president and CEO of the company effective immediately.
Sports Direct had mixed news on Monday with acquisitions boosting sales but plenty of negative numbers when bought-in business are factored out. But HoF is showing 'green shoots' and Flannels is improving.