August 10, 2001 |
Nike Inc., the world's top maker of athletic shoes and apparel, cut in half the annual bonus of Chairman Philip Knight as the firm's stock price slipped and rival Reebok International Ltd. picked up market share during the last year. Knight, 63, received a $663,000 bonus for the fiscal year, compared with $1.33 million in 2000, according to a Securities and Exchange Commission filing. The bonuses of other top executives at Nike also were cut, according to the filing. Beaverton, Ore.
June 29, 2001 |
Nike Inc. reported a 29% increase in profit for its fiscal fourth quarter to $163 million, or 69 cents a share, a penny better than forecasts. But it warned that rising expenses, excess inventory and weak foreign currencies would weigh on results in the next two quarters. The world's No. 1 athletic shoe maker said sales rose 8.7% to $2.5 billion. The company said positive results in the U.S. apparel business helped profit growth in the latest quarter.
April 9, 1990 |
Nike Files Trademark Infringement Suit: Nike Inc. filed three federal lawsuits Tuesday, claiming trademark infringement against Los Angeles retailers. The suits brought in U.S. District Court in Los Angeles claim that the defendants manufactured and sold T-shirts and other apparel with Nike's trademarks, including its distinctive "swoosh" design. The action seeks unspecified damages plus $100 million in punitive damages from U.S. Sportswear, Young's Silk Printing, and J.C. Designs.
January 18, 1990 |
Nike Inc. is making some changes in a commercial set to run during the Super Bowl. Company officials said they agreed to remove NBC's Marv Albert and Dick Enberg and Al Michaels of ABC from the commercial "The Announcers" because of pressure from CBS, which doesn't want rival announcers on the air during its telecast. Nike said Monday the shoe company would tape three more announcers for the spot.
March 19, 2004 |
Nike Inc., the world's top maker of athletic shoes, reported a rise in quarterly profit of nearly 60% as strong European and U.S. demand and favorable currency movements pushed sales to almost $3 billion. The Beaverton, Ore.-based company posted profit of $200 million, or 74 cents a share, in its fiscal third quarter, compared with earnings of $125 million, or 47 cents, a year earlier. Revenue rose 21% to $2.9 billion. From Reuters * Barnes & Noble Inc.