Showing posts with label Nike. Show all posts
Showing posts with label Nike. Show all posts

Tuesday, 22 December 2020

Nike raises full-year sales forecast, posts surprise earnings growth

Nike Inc said on Friday that full-year revenue will likely be better than previously expected after COVID-wary shoppers demanding outdoor sportswear drove its third consecutive surge in online sales. Shares in Beaverton, Oregon-based Nike were up about 5% in trading after the bell. They have gained about 37% this year.

Friday, 18 December 2020

Nike's free workout apps are key to its high-end pricing strategy

With consumers under lockdown logging into Nike's workout apps and a digital store, the Beaverton, Oregon-based company has been able to gather additional data on purchasing habits, personal information, and exercise routines of tens of millions of people. Between January and November this year, the Nike Run Club app was downloaded 15.4 million times around the world, up 45.3% versus the same period in 2019, according to data firm Sensor Tower. The Nike SNKRS online store app was downloaded 59.5% times more than last year.

Thursday, 1 October 2020

Nike is top brand for young Britons, but luxury is strong - survey

Nike remains the most loved brand for young consumers in the UK, beating Gucci and Supreme, a new survey shows. A nationwide study of 16-to-25-year-old Britons on behalf of buy now, pay later (BNPL) specialist Laybuy saw Nike scoring 64%.

Wednesday, 23 September 2020

Nike expected to return to profit as online sales, demand from China pick up

Strong online sales and demand from Chinese shoppers and students heading back to school are expected to have helped Nike swing back to a profit in the first quarter, a sequential improvement from the surprise loss it posted in July, according to Refinitiv.

Tuesday, 4 February 2020

Nike predicts financial impact from coronavirus, half China stores to close short-term

Nike Inc said on Tuesday the coronavirus outbreak in China would have a financial impact on its operations in the country, its biggest growth market, sending the footwear maker's shares down 3%.