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Nike Announces Sale Of Hurley To Bluestar Alliance
Nike Says Donahoe's Compensation As CEO Will Consist Of An Annual Base Salary Of $1.5 Mln/Year
Nike Says John Donahoe Will Succeed Mark Parker As President & CEO In 2020
NIKE, Inc. is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company's operating segments include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. Its portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse. As of May 31, 2016, the Company focused its NIKE brand product offerings in nine categories: Running, NIKE Basketball, the Jordan Brand, Football (Soccer), Men's Training, Women's Training, Action Sports, Sportswear (its sports-inspired lifestyle products) and Golf. Men's Training includes its baseball and American football product offerings. It also markets products designed for kids, as well as for other athletic and recreational uses, such as cricket, lacrosse, tennis, volleyball, wrestling, walking and outdoor activities. The Company sells a range of performance equipment and accessories under the NIKE Brand name.
1 SW Bowerman Dr
Mark G. Parker
Chairman of the Board, President, Chief Executive Officer
Andrew M. Campion
Chief Financial Officer, Executive Vice President
President - Consumer and Marketplace
President - Nike Valiant Labs
Eric D. Sprunk
Chief Operating Officer
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Nike Inc sued Skechers USA Inc for the second time in four weeks on Monday, accusing its rival of illegally using its patented technology, including for Nike Air, in its Skech-Air Jumpin' Dots and Mega shoes.
Rumors of layoffs started spreading among workers at a factory here in northeastern Argentina making Nike Inc <NKE.N> shoes the night before Cristian Fredy Aquino's scheduled shift.
U.S. Vice President Mike Pence on Thursday accused China of curtailing "rights and liberties" in Hong Kong and blasted U.S. company Nike and the National Basketball Association for falling in line with Beijing in a disagreement over free speech.
Nike Inc's <NKE.N> long-time chief executive officer, Mark Parker, will step down next year and be replaced by board member and former eBay CEO John Donahoe, who will be tasked with strengthening the sportswear maker's online strategy.
Footwear maker Nike Inc on Tuesday appointed John Donahoe as its chief executive officer, effective Jan. 13 and said its current top boss Mark Parker will take on the role of executive chairman. (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Shailesh Kuber)
Under Armour Inc <UAA.N> founder Kevin Plank will hand the reins of the sportswear maker to operations head Patrik Frisk, hoping a change in leadership will help battle brutal competition from Nike and Adidas in the United States.
The U.S. Anti-Doping Agency (USADA) has praised the decision to shut down the Nike Oregon Project (NOP), saying on Friday it was a necessary step after the elite distance running program's leader, Alberto Salazar, was suspended for doping violations.
Houston Rockets sneakers and other merchandise were pulled from several Nike <NKE.N> stores in major Chinese cities amid the furor surrounding a tweet from the team's general manager in support of anti-government protests in Hong Kong.
Nike Inc shut down its Nike Oregon Project training group on Thursday, following the recent four-year ban of founder and coach Alberto Salazar by the U.S. Anti-Doping Agency (USADA).
* Indexes up: Dow 0.6%, S&P 0.6%, Nasdaq 1.1% (Updates to late afternoon)
* Indexes up: Dow 0.49%, S&P 0.20%, Nasdaq 0.18% (Adds details, updates quote and numbers)
U.S. stocks opened largely flat on Wednesday as a move to launch an impeachment inquiry into President Donald Trump unnerved investors, but losses were limited as Nike and tobacco stocks rose.
Nike Inc's <NKE.N> online sales growth and a bullish outlook in China put it on a firm path for years to come and should help it easily ride out rises in U.S. import tariffs on its Chinese-made sneakers, Wall Street analysts said on Wednesday after a strong set of quarterly...
Nike Inc's <NKE.N> quarterly revenue and profit beat market expectations on Tuesday as a push to sell sneakers and apparels to consumers through its own stores and online retailers gained pace, boosting margins and sending its shares up 5%.
Michael Avenatti on Tuesday withdrew his request to subpoena Nike Inc in connection with the federal criminal case accusing the embattled lawyer of extortion, after the company said prosecutors already possessed all the documents he sought.
Nike Inc reported first-quarter revenue that beat Wall Street estimates on Tuesday, benefiting from its strategy to sell sneakers and apparel directly to its consumers.
* Indexes down: Dow 0.5%, S&P 0.7%, Nasdaq 1.3% (Updates to late afternoon)
Nike Inc and the plaintiffs in a proposed class action accusing the company of paying female employees less than men at its Oregon headquarters have reached an impasse over the workers' requests for various internal documents.
Lawyer Michael Avenatti asked a federal judge to dismiss an indictment accusing him of trying to extort Nike Inc, saying he was targeted in a "vindictive and selective prosecution" because of his feud with U.S. President Donald Trump.
Nike Inc will launch a new subscription service for kids sneakers this week that seeks to woo parents with an offer of fewer nightmarish trips to the shoe store in exchange for a regular fee and consistent brand loyalty.
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