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BUSINESS
October 26, 1990 | BRUCE HOROVITZ, TIMES STAFF WRITER
Can you say "yanked?" That is what Nike did this week to one of its commercials featuring NBA basketball star David Robinson that parodies "Mr. Rogers' Neighborhood." In the TV spot for the company's Force line of basketball shoes, Robinson ties his shoes, then looks at the camera and asks: "Can you say, 'Kick some butt?' " The commercial premiered on CBS during the World Series.
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SPORTS
December 20, 2009 | Mark Heisler
Now to see just whose age this is . . . As Little Kobe and Little LeBron, the muppets Nike calls its "MVP Puppets," announced in their latest commercial, in which they play "SportsCenter" anchors, the rivalry is back on! And just in time for Christmas! With ESPN and Nike as core NBA sponsors, what are the chances Little Kobe and Little LeBron become the first muppets to anchor a real "SportsCenter" between now and the Lakers' Christmas game against the Cavaliers? Nike debuted the muppets last spring, alongside its "Dream Season 23 & 24" documentary, in which narrator Justin Timberlake mused: "As these friends grow closer to a showdown, you have to wonder, what are they thinking?"
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BUSINESS
October 25, 1996 | Greg Johnson
GT Bicycles and Nike Inc. are joining forces. Nike will be an official sponsor of the Santa Ana-based bike manufacturer's bicycle racing teams in 1997. As part of the deal, GT's racers will be wearing Nike shoes when they pedal. GT's racing stable will include nearly 60 athletes next year, including nine mountain bike racers, 32 BMX racers and 16 freestyle performers. * Greg Johnson covers retail businesses and restaurants for The Times. He can be reached at (714) 966-5950 and at greg.
BUSINESS
January 27, 2009 | Andrea Chang
Quiksilver Inc. caught a monstrous wave Monday as Wall Street bet that the Orange County surf wear company could get snapped up by sportswear giant Nike Inc. Shares of Quiksilver jumped more than 46%. Although a deal would bolster Nike's position as the world's leading athletic brand, for Huntington Beach-based Quiksilver it would be an abrupt shift that probably would have been avoidable in a better economy, analysts said.
BUSINESS
August 28, 1998
* British retailer J. Sainsbury bowed to a threat of legal action from Nike Inc. by withdrawing from sale some unofficially obtained polo shirts that the giant U.S. company said are fakes.
BUSINESS
August 8, 1992 | From Staff and Wire Reports
This year's Summer Olympics may be remembered not only for demonstrations of athletic prowess, but also for the hurdles that Nike and Reebok surmounted as they peddled their sportswear from Barcelona. The footwear giants launched multimillion-dollar marketing campaigns, hoping to win the gold medal with consumers. Yet their quests for global recognition, like that of some Olympic athletes, encountered numerous challenges.
BUSINESS
September 15, 2000
* Nike Inc. said fiscal first-quarter profit rose 5% to $210.2 million, or 77 cents a share, beating analyst forecasts of 74 cents. Revenue was up 5.4% to $2.64 billion, led by big increases in sales in Asia and Latin America. Nike reported its earnings after the markets closed. Its Class B shares closed off 13 cents at $38.50 on the NYSE.
BUSINESS
September 25, 2008 | From Times Staff and Wire Services
Nike Inc. said its fiscal first-quarter profit fell from a year earlier, when it benefited from a one-time tax gain. Excluding that item, profit rose in the quarter on sales growth around the globe. The Beaverton, Ore., company said its net income in the quarter that ended Aug. 31 fell to $510.5 million, or $1.03 a share, from $569.7 million, or $1.12, a year earlier. Last year's first-quarter profit included a special item that increased earnings per share by 20 cents. Without it, net income would have grown 10%. Revenue jumped 17% to $5.43 billion.
BUSINESS
March 20, 2008 | From Times Wire Services
Nike Inc. posted a 32% rise in quarterly profit, well above expectations, on strong international demand, especially in China, sending shares up 5%. The world's largest maker of athletic footwear and apparel said a weak dollar contributed to a 16% gain in third-quarter sales, while fatter margins and lower costs boosted profit. Third-quarter net income rose to $463.8 million, or 92 cents a share, from $350.8 million, or 68 cents, a year earlier. Sales jumped to $4.54 billion from $3.9 billion.
BUSINESS
January 9, 2008 | Sarah Skidmore, The Associated Press
It's gotta be the shoes, right? No other basketball shoe has changed the face of business, athletics and marketing as the Air Jordan has. This month, Nike releases the 23rd edition, and it is expected to be just as venerated as its predecessors. The sleek design and link to Michael Jordan's jersey number make it a touchstone in the line.
BUSINESS
November 18, 2007 | From Times Wire Services
Nike Inc. recalled 235,000 football helmet chin straps after receiving reports of head and face injuries because the straps broke, the Consumer Product Safety Commission said. The recalled chin strap was made in China and was sold at sporting goods stores throughout the U.S. from April 2006 through last month. Nike received 18 reports of the strap breaking and injuries that included two concussions, two facial cuts that required stitches and a broken nose, the safety agency said.
BUSINESS
October 24, 2007 | From the Associated Press
Nike Inc. will buy Britain's Umbro for $582 million as the U.S. apparel and shoemaker seeks a larger presence in the global soccer market ahead of the next World Cup. Nike, through its subsidiary Nike Vapor Ltd., agreed to pay $3.94 in cash for each Umbro share, the companies said Tuesday. Umbro, based in Cheadle, northwest England, designs and markets soccer-related apparel, footwear and equipment sold in more than 90 countries. Nike has long sought a greater presence in the soccer arena.
BUSINESS
July 31, 2007 | From Times Staff and Wire Reports
Nike Inc. has reached a $7.6-million settlement in a class-action race discrimination lawsuit filed on behalf of 400 black employees of the Chicago Niketown store, the company said. The lawsuit, filed in 2003, claimed managers at the retail store used racial slurs to refer to black workers and customers. They also said the store segregated black employees into lower-paying jobs. Beaverton, Ore.-based Nike has denied the allegations.
BUSINESS
December 18, 1992 | From Times Staff and Wire Reports
Nike, Avia Settle Lawsuit: Shoemakers Nike Inc. and Avia Group International have settled a lawsuit in which the companies accused each other of patent infringement. Terms of the settlement were not announced. Avia filed the lawsuit in 1991, alleging that Nike's "Air 180" and "Air Force 180" running and basketball shoes infringed on Avia patents. Nike responded that one of its patents was infringed on by several Avia athletic shoes.
BUSINESS
July 31, 2007 | From Times Staff and Wire Reports
Nike Inc. has reached a $7.6-million settlement in a class-action race discrimination lawsuit filed on behalf of 400 black employees of the Chicago Niketown store, the company said. The lawsuit, filed in 2003, claimed managers at the retail store used racial slurs to refer to black workers and customers. They also said the store segregated black employees into lower-paying jobs. Beaverton, Ore.-based Nike has denied the allegations.
SPORTS
July 28, 2007 | Sam Farmer, Times Staff Writer
Nike just did it. And so did Reebok. Under intense pressure from animal-rights groups, Nike Inc. and Reebok International Ltd. suspended sales of Michael Vick signature shoes and apparel Friday, the latest setback for the Atlanta Falcons quarterback embroiled in a dogfighting scandal. The NFL, which has ordered Vick not to report to training camp, said it has pulled all Vick-related items from NFLShop.com.
SPORTS
July 26, 2007 | Sam Farmer, Times Staff Writer
Animal-rights activists are hoping to send a familiar message to Nike, urging the shoe giant to cut ties with Atlanta Falcons quarterback Michael Vick: Just do it. Calling for a "week of action" in response to the allegations of Vick's involvement in illegal dogfighting, representatives from People for the Ethical Treatment of Animals plan to picket Niketown stores next week.
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