Advertisement
 
YOU ARE HERE: LAT HomeCollectionsNike Inc
IN THE NEWS

Nike Inc

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.
Advertisement
BUSINESS
May 25, 2007 | From Times wire services
Nike Inc. said it would resume soccer-ball production in Pakistan after reaching an agreement with a vendor that was "committed to setting new standards for workers' rights." Silver Star Group must have full-time workers who are paid hourly wages and are eligible for healthcare and other benefits, Beaverton, Ore.-based Nike said. Nike said it halted production in Pakistan in November after its previous vendor, Saga Sports, violated company policy.
BUSINESS
May 23, 2007 | From Times Staff and Wire Reports
Nike Inc. and Foot Locker Inc. said they would open as many as 50 House of Hoops stores in the U.S. in the next three years as they seek to boost flagging sales of basketball shoes. Most of the stores will be converted Foot Locker locations, the companies said. Stores are planned in Los Angeles, Las Vegas, Chicago, Houston and New York. New York-based Foot Locker and Beaverton, Ore.
BUSINESS
December 21, 2006 | From Bloomberg News
Nike Inc. said its fiscal second-quarter net income rose 8.1%, helped by iPod-compatible shoes and a tax gain. Earnings grew to $325.6 million, or $1.28 a share, beating analysts' estimates. Profit was $301.1 million, or $1.14, a year earlier, Nike said. Revenue grew 10% to $3.82 billion. The company boosted sales with the Nike Plus shoe that works with an iPod and signature footwear from basketball star LeBron James. A tax agreement with the Netherlands added 13 cents a share to profit.
BUSINESS
September 22, 2006 | From Bloomberg News
Nike Inc., the world's biggest athletic-shoe maker, said fiscal first-quarter profit fell 13% on stock option expenses and higher marketing costs. Its shares jumped as sales and orders rose more than analysts estimated. Net income declined to $377.2 million, or $1.47 a share, from $432.3 million, or $1.61, a year earlier. Revenue in the three months ended Aug. 31 rose 8.6% to $4.19 billion from $3.86 billion, Beaverton, Ore.-based Nike said. Its shares rose 6% in after-hours trading.
HEALTH
August 21, 2006 | Janet Cromley, Times Staff Writer
I'm jogging through LAX at full tilt -- Burger Kings and Cinnabon stores a blur as I race past. I haven't had time to put away my nano, and Bruce Springsteen's "Badlands" is belting in my ear as I vault over a fallen suitcase. Suddenly a voice interrupts the music piped into the earbuds: "9 minutes, 2 seconds completed; distance, 0.54 miles; current pace, 16.36 per mile." This wasn't how I'd planned to test out the new Nike + iPod shoe gadget. But it'll do.
BUSINESS
June 28, 2006 | From Reuters
Nike Inc. said Tuesday that fiscal fourth-quarter profit fell 5% after a one-time charge, and its shares slipped in late trading as the company posted a decline in its unfilled orders for Latin America. Nike's net income in the quarter ended May 31 fell to $332.8 million, or $1.27 a share, from $349.5 million, or $1.30, a year earlier. Sales rose 8% to $4 billion.
BUSINESS
May 24, 2006 | Michelle Keller, Times Staff Writer
Exercise podcasts and workout music playlists? That's so last season. Fitness fanatics soon will be able to make their shoes talk to their iPods. Call it the AirPod. Or the iNike. Nike Inc. said Tuesday that it was teaming up with Apple Computer Inc. to make a shoe that helps runners keep track of their speed, calories burned, pace and distance using an iPod. The Nike+iPod Sport Kit allows a new line of Nike shoes to communicate with an iPod nano over a radio frequency.
BUSINESS
March 22, 2006 | From Bloomberg News
Nike Inc., the world's largest maker of athletic shoes, said Tuesday that its fiscal third-quarter profit rose 19% as its Air Max 360 running shoe boosted U.S. sales. Net income in the quarter ended Feb. 28 rose to $325.8 million, or $1.24 a share, from $273.4 million, or $1.01, a year earlier. Revenue climbed 9.2% to $3.61 billion, Beaverton, Ore.-based Nike said. Nike introduced the $160 Air Max 360 air-cushioned shoe and a Kobe Bryant signature model last quarter to spur U.S. sales.
Los Angeles Times Articles
|