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Nike tops Wall Street profit forecast in latest quarter
2015-12-23 02:27:30| Footwear - Topix.net
For its fiscal second quarter ended Nov. 30, the Beaverton, Oregon-based company earned $785 million, or 90 cents per share, compared with $655 million, or 74 cents per share, a year ago. The results topped Wall Street expectations.
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The Wall Street Journal: Nike sees $50 billion of annual revenue by 2020
2015-10-14 21:10:27| Footwear - Topix.net
Nike Inc. projects it will hit $50 billion in annual revenue by 2020, with its women's business roughly doubling over the same period, as the world's largest sportswear maker moves to extend its hold on the athletic-gear industry. Nike brand President Trevor Edwards said the company's women's business is expected to rise to $11 billion by 2020 from $5.7 billion this year, and its e-commerce business is expected to jump from about $1 billion this year to $7 billion in five years.
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Apple, Nike, Yahoo! Stocks All on Wall Street Firms' Radar
2015-09-16 18:16:04| Footwear - Topix.net
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Nike MercurialX Proximo Street IC "Multicolor"
2015-07-06 21:24:19| Footwear - Topix.net
Remixed for small-sided soccer, the NikeFootballX take on the Flyknit-constructed Mercurial has received the multicolor treatment for Summer 2015. Following up the original black colorway of the silhouette, the latest drop goes in the completely opposite direction as far as aesthetics go, employing a Flyknit upper of yellow, green, blue, and pink as a black collar, matching laces and a dash of Nike's ubiquitous Volt complete the package.
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Nike Appears Implicated in FIFA Crackdown, The Wall Street Journal Reports
2015-05-28 00:54:45| Footwear - Topix.net
Beaverton-based sportswear giant Nike appears implicated in the U.S. Department of Justice sting of alleged corruption in FIFA , according to reports in The Wall Street Journal and Bloomberg Business. The DOJ indictment of top officials in FIFA, the world soccer governing body, alleges bribery involving "a multinational sportswear company headquartered in the United States" to get a deal to make uniforms for Brazil's national soccer team.
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