Nike sales soothe brand concerns
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Global sportswear brand Nike has reassured market analysts with quarterly sales above expectations.
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Nike has reported that first quarter revenues increased 18% to $3.6bn (â¬3bn), against $3bn (â¬2.5bn) for the same period last year.
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DANA POINT, California  - Apparel retailers may be facing a doom-and-gloom sales environment in the near future, but many are anxious to prove to a skeptical marketplace they have got what it takes to be recession-proof.
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Nike Inc. said on Tuesday that its  shoes will now be able to talk to Apple Computer Inc.&#039;s iPod  music players about how far anathlete has run with a new  wireless system called Nike+iPod.
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Sales might be down, but the stocks are rising.
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The world's top athletes are paid to peddle Nike gear.
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The footwear retailer looks to expand its business following a strong Q1.
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Discount shoe retailer Payless ShoeSource Inc. has paired up with a subsidiary of Nike Inc. to market a high-performance $34.99 running sneaker for women, a move that both companies hope will take advantage of a highly lucrative market.
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Nike said yesterday that first-quarter earnings were up 25 percent as demand for its athletic shoes fueled the fastest United States sales gain in more than a year.
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Nike Inc. , the world&#039;s top  athletic shoe maker, on Tuesday reported a 5 percent drop in  quarterly net profit due to a one-time charge and said heavy  World Cup marketing spending would weigh on results in the  current quarter.
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Investors usually get nervous when a company relies on the sales of one product. The exception is when that product is an Apple iPod. Just as consumers can't seem to get enough of the iPod, investors are foaming over companies having anything to do with the digital music player.
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Nike Inc. , the world's No.  1 sport shoe and apparel maker, said on Thursday that quarterly  net profit fell 13 percent as stock-based compensation weighed  on results, but the results topped Wall Street estimates.
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Those new Nikes are fresh, but will they rock your retirement like a money market account?
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Nike Inc. Chief Executive  Mark Parker said on Tuesday worldwide revenue could rise 53  percent to $23 billion within five years, as it tries to foster  more loyalty among customers to its iconic brand.
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Nike Inc.  boosted its quarterly dividend by 25 percent on Monday, citing strong cash flow and growth prospects as the world's biggest athletic shoe company has racked up record revenue and soaring profits the past few years.
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Nike Inc  posted on Thursday a 51 percent rise in quarterly net profit, helped by a tax benefit and a weak-dollar boost to revenue, and its shares rose 1.6 percent as the results topped Wall Street targets.
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Can two new ad campaigns save the struggling apparel chain?