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.
Tuesday, 22 December 2020
Friday, 18 December 2020
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 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
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 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%.