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...by Africa....
...Those results were better than the net income of $1.1bn on revenues of $12.3bn expected by analysts polled by S&P Capital IQ....
...Nike was still widely known as a running shoe company when it first signed with W+K in 1982, the same year the firm was founded by Wieden and David Kennedy....
...Both athletes had previously been outfitted by Nike. Federer’s effect on On Running could be a template for Woods, who left Nike this week after 27 years....
...By outfitting Woods in his signature red polo, Nike transcended its reputation as a maker of running and basketball shoes....
...The company planned to provide details in its earnings call, but three months ago forecast full-year revenue to grow by “mid-single digits”....
...US sportswear maker Nike has swooped in to break up a partnership that has defined German football since 1950. The deal was so important that Nike chief John Donahoe was in Germany for the pitch....
...Athleisure retailer Lululemon and sneaker maker Nike, reporting last week, both fell short of the mark....
...Combined, they beat Nike’s 23 per cent. Li Ning’s operating margins exceeded 22 per cent too — a feat that has eluded most local apparel companies....
...Savvy marketplace experts are very familiar by now with the company’s “consumer direct” programme, which through various phases has aimed to improve Nike’s sales directly to consumers rather than through...
...The DFB said on Thursday that Nike had made “by far the best financial offer” and also committed to support “amateur and grassroots sport” as well as women’s football in Germany....
...Market leader Nike itself announced a new restructuring programme last week, blaming it in part on weak demand in China....
...Reckitt Benckiser’s chief financial officer Jeff Carr will step down early next year and will be succeeded at the consumer goods company by Shannon Eisenhardt....
...Polish supermarket chain Dino and UK sportswear retailer JD Sports: Phoenix Group: Shares in the UK pensions and savings provider rose 9 per cent after it forecast an almost 50 per cent increase in profits by...
...Back then, the company was in growth mode, buoyed by basketball sensation Michael Jordan....
...The move by Britain’s largest sportswear retailer is part of an effort to become a “global sports-fashion powerhouse” set out by chief executive Régis Schultz after he joined in 2022....
...But also like Nike, the German company has realised that the high margins offered by cutting out the middle man do not make up for the damage it has been causing to its retail network, where two-thirds of...
...The company reported earnings fell by 24 cents from a year ago to 66 cents a share in the fourth quarter, missing analyst expectations....
...Shares in Deckers have risen by a third so far this year. That compares with a 7 per cent decline for Nike....
...The company’s earnings fell by 24 cents from a year ago to 66 cents a share in the fourth quarter, missing analyst expectations....
...(Nike currently has about 115 different styles of running shoes on nike.com.)...
...The Nike rival said it expects operating profit of €500mn for 2024 — about twice as much as the €268mn it reported for 2023 but more than 60 per cent below consensus forecasts of €1.3bn....
...This tension has worked itself out, by fits and starts, over the decades since. But casualisation may now be reaching an apotheosis, or possibly just a dead end....
...Asics was back as a relentless challenger to Nike and Adidas. The plan had originally envisaged ¥25bn of operating profits by December 2023, but the company in fact made ¥54bn....
...Both companies started with athletic shoes, and Nike has also kept pace better in the jogging and trail-running market, where runners are lured by technology....
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