Q4 revenue nearly doubled, topping $12 billion for the first time, as Nike forecast full-year sales of more than $50 billion.
This second entry in the series looks at the National Basketball Association (NBA), major sneaker and sports clothes makers and their responses to China’s crackdown on Hong Kong and free speech.
“There’s more we can do to spark change across the retail industry, support the Black community and ensure Black guests feel welcomed and represented when they shop at Target.”
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Nike Inc is the largest athletic footwear and apparel brand in the world. It designs, develops, and markets athletic apparel, footwear, equipment, and accessories in six major categories: running, basketball, soccer, training, sportswear, and Jordan. Footwear generates about two thirds of its sales. Nike's brands include Nike, Jordan, and Converse (casual footwear). Nike sells products worldwide and outsources its production to more than 400 factories in more than 40 countries. Nike was founded in 1964 and is based in Beaverton, Oregon.
| Website: | www.nike.com |
| Main Phone: | +1 503 671-6453 |
| Address: | One Bowerman Drive |
| State: | OR |
| City / Town: | Beaverton |
| Country: | US |
| Postal Code: | 97005-6453 |
| Exchange: | NYE |
| CEO: | John J. Donahoe |
| Employees: | 75400 |
| NAICS: | Footwear Manufacturing(316210) |
Q4 revenue nearly doubled, topping $12 billion for the first time, as Nike forecast full-year sales of more than $50 billion.
This second entry in the series looks at the National Basketball Association (NBA), major sneaker and sports clothes makers and their responses to China’s crackdown on Hong Kong and free speech.
“There’s more we can do to spark change across the retail industry, support the Black community and ensure Black guests feel welcomed and represented when they shop at Target.”
Nike says that MSCHF Product Studio altered its trademarked product without "permission and authorization."
The company unveiled a five-year plan to lift profitability closer to that of rival Nike.
The decision stems from a review of its policies following the deadly storming of the U.S. Capitol earlier this month.
What a year for finance and everything else!
Nike in September said it expects sales in the second half of its fiscal year ending May 2021 to be "up significantly" as it bounces back from a coronavirus-induced slump earlier this year.
Digital sales surged 82% in the first quarter ended Aug. 31, with at least double-digit rises recorded in all regions.
The defeat for European Competition Commissioner Margrethe Vestager could weaken or delay pending cases against Ikea’s and Nike’s deals with the Netherlands, and Huhtamaki's deal with Luxembourg.
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