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Nike Inc

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.
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BUSINESS
January 24, 2006 | From Associated Press
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.
BUSINESS
December 21, 2005 | From Reuters
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.
BUSINESS
September 20, 2005 | From Times Wire Services
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.
SPORTS
July 30, 2005 | Greg Johnson, Times Staff Writer
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.
BUSINESS
April 13, 2005 | From Associated Press
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.
BUSINESS
December 29, 2004 | From Associated Press
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.
BUSINESS
November 19, 2004 | From Reuters
Nike Inc. co-founder Philip Knight, who helped transform a small start-up into the world's biggest athletic shoe company, will step down as chief executive, the company said Thursday. Beaverton, Ore.-based Nike named William Perez, who ran consumer products company S.C. Johnson & Son Inc., as CEO and president effective Dec. 28. Knight, who will also give up his title of president, plans to remain Nike's chairman of the board.
BUSINESS
September 21, 2004 | From Bloomberg News
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.
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