January 24, 2006 |
Nike Inc. Chairman Phil Knight said Monday that he had replaced Chief Executive William D. Perez after only a year on the job because the former S.C. Johnson & Son Inc. leader could not make the transition from the household products industry to head the world's largest athletic-shoe company.
December 21, 2005 |
Nike Inc., the world's largest athletic shoe company, said its fiscal second-quarter profit rose 15% on strong U.S. demand for its high-end athletic footwear, despite a slowing of growth in Europe and Japan. But analysts said the growth in the company's orders was weaker than expected, and the company's shares fell $3.18, or 3.6%, to $85.30 in after-hours trading. Before the earnings were released, Nike rose $1.22 in regular trading to $88.48. The shoe and apparel giant posted a profit of $301.
September 20, 2005 |
Nike Inc. said Monday that fiscal first-quarter profit rose 32%, helped by sales of new lines of Shox sneakers and lower marketing costs. Its shares surged after Nike's global orders rose at the fastest pace in at least 10 years. Net income increased to $432.3 million, or $1.61 a share, in the quarter ended Aug. 31 from $326.8 million, or $1.21, a year earlier. Revenue climbed 8.4% to $3.86 billion, Beaverton, Ore.-based Nike said.
July 30, 2005 |
Nike has introduced an athletic sneaker that gives Kobe Bryant what few athletes ever achieve: his own logo. Though Nike's ubiquitous swoosh is stitched on the sides of the newest Air Huarache 2K5 shoe, the heel is burnished with a small, stylized mark that is supposed to reflect a samurai warrior but does not overtly refer to the Laker star. ESPN.com first reported the marketing move Thursday.
April 13, 2005 |
After years of criticism over its labor practices abroad, Nike Inc. is disclosing for the first time the names and locations of more than 700 factories that produce its sneakers, apparel and other products. Industry experts said the disclosure would make the Beaverton, Ore.-based sneaker giant the first major apparel manufacturer to voluntarily disclose its entire supply chain.
December 29, 2004 |
Thomas Clarke stepped down from the Nike Inc. board of directors but will remain president of new business ventures for the athletic shoe and apparel maker. Clarke's resignation was announced the same day Nike's new president and chief executive, William Perez, formally joined the board. Nike co-founder Phil Knight recently resigned as president and CEO. Clarke, who joined Nike in 1980, served as president and chief operating officer from 1994 to 2000. He was named to the board in 1994.
September 21, 2004 |
Nike Inc., the world's biggest athletic-shoe maker, said first-quarter earnings surged 25% as demand for Shox running shoes and Converse sneakers fueled its fastest U.S. sales gain in more than a year. Net income beat analysts' estimates, rising to $326.8 million, or $1.21 a share, from $261.2 million, or 98 cents, a year earlier, the Beaverton, Ore.-based company said. Sales jumped 18% to $3.56 billion, led by Asia. Shares of Nike rose $1.44 to $78 on the New York Stock Exchange.
March 10, 2004 |
Nike Inc. said fiscal third-quarter profit rose to as much as 74 cents a share from 47 cents a year earlier, bolstered by the introduction of signature shoes of professional basketball player LeBron James and a surge in the euro. Sales in the quarter ended Feb. 29 climbed at least 20% from $2.4 billion a year earlier, Beaverton, Ore.-based Nike said. Shares of Nike rose $2.17 to a new high of $76.66 on the NYSE.