21 November, 2008
Nike Increases Quarterly Dividend Nine Percent To $0.25 Per Share
NIKE, Inc. (NYSE: NKE) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.25 per share on the company’s outstanding Class A and Class B Common Stock. On an annual basis, this is an indicated rate of $1.00. The $0.25 quarterly dividend, which represents a nine percent increase over the previous quarterly rate of $0.23 per share, is payable on January 5, 2009 to shareholders of record at the close of business on December 8, 2008.
14 November, 2008
Jordan Brand Awards $1 Million to America's Unsung Educational Heroes
29 October, 2008
Nike Prepares for Global Launch of Zoom LeBron VI
As LeBron James proved in a Gold Medal campaign this past summer in Beijing, he is a basketball player who can do it all and he requires a performance shoe that can keep up with his demanding game. The Zoom LeBron VI shoe, the most versatile LeBron signature shoe from Nike and James, will be introduced at retail on Friday, October 31, in the U.S. and Asia Pacific. It will be available in Europe and Canada beginning January 2009.
1 October, 2008
Nike Names Kris Aman Vice President and GM of Men's Athletic Training
Aman will lead an integrated consumer-oriented focus across footwear, apparel and equipment for Men’s Athletic Training as part of Nike’s category brand management strategy for core business segments. He will also have responsibility for American football and baseball, two important sports for Nike that are closely aligned with training. Kris, who will report to Trevor Edwards, Nike’s Vice President of Global Brand and Category Management, succeeds Peter Ruppe.
26 September, 2008
Former President Clinton Announces World Bank, Nike Foundation, Denmark and Liberia CGI Commitment to Unleash Economic Opportunity for Adolescent Girls in Liberia.
24 September, 2008
Nike Reports First Quarter Earnings Per Share of $1.03
NIKE, Inc. (NYSE: NKE) today announced financial results for its fiscal 2009 first quarter ended August 31, 2008. Revenue grew 17 percent to $5.4 billion, compared to $4.7 billion for the same period last year. Changes in currency exchange rates increased revenue growth by 7 percentage points for the quarter. First quarter net income decreased 10 percent to $510.5 million, compared to $569.7 million in the prior year. Diluted earnings per share decreased 8 percent to $1.03, versus $1.12 last year. In the prior year’s first quarter, the Company received a one-time tax benefit of $105.4 million, which contributed $0.20 per diluted share. Adjusted for this prior year benefit, net income and earnings per share would have grown 10% and 12%, respectively.
22 September, 2008
NIKE, Inc. Announces New $5 Billion Share Repurchase Program
NIKE, Inc. (NYSE: NKE) today announced that its Board of Directors has approved a new four-year, $5 billion program to repurchase shares of Nike’s Class B Common Stock. The new program will commence upon the completion of the Company’s current $3 billion share repurchase program.
12 September, 2008
Nike Names Cindy Davis President of Nike Golf
In this role, Davis will be responsible for driving market leadership and growth for all aspects of Nike Golf. Davis succeeds 28-year Nike veteran Bob Wood who will be taking on additional responsibilities within the Nike Brand.
20 August, 2008
Nike Sportswear Opens First Store in SoHo In New York City
14 August, 2008
Nike Names Eric Sprunk as Vice President of Product
In this role, Sprunk will be responsible for all Nike brand product across the company’s footwear, equipment and apparel engines from design and development to manufacturing.
11 August, 2009
NIKE, Inc. Declares $0.23 Per Share Dividend
01 August, 2008
NIKE, Inc. Statement Regarding Hytex Contract Factory
Nike has completed its initial investigation into claims of unacceptable living conditions, withholding of worker passports and garnishing of wages at Hytex, a Malaysian contract factory. Our investigation confirms serious breaches of Nike’s Code of Conduct at the Hytex Factory. Nike takes these issues very seriously and is taking immediate action to protect the rights of workers in its Malaysian supply chain. We are committed to comprehensively addressing the issues identified at Hytex and to continued follow-up to help ensure changes are lasting.
25 June, 2008
NIKE, Inc. Reports Fiscal 2008 Earnings Per Share of $3.74
NIKE, Inc. (NYSE:NKE) today reported financial results for the 2008 fiscal year ended May 31, 2008. For the fiscal year, revenues grew 14 percent to $18.6 billion, compared to $16.3 billion last year. Net income increased 26 percent to $1.9 billion, compared to $1.5 billion last year, and diluted earnings per share increased 28 percent to $3.74 versus $2.93 last year. For the fourth quarter, revenues increased 16 percent to $5.1 billion, compared to $4.4 billion for the same period last year. Fourth quarter net income increased 12 percent to $490.5 million, compared to $437.9 million in the prior year, and diluted earnings per share increased 14 percent to $0.98, versus $0.86 last year. Changes in currency exchange rates increased revenue growth by 5 percentage points for the full year and 7 percentage points for the fourth quarter.
27 May, 2008
Nike Foundation and Buffetts Join to Invest $100 Million in Girls
The Nike Foundation and Peter and Jennifer Buffett, co-chairs of the NoVo Foundation, announced today an innovative collaboration to invest in “the girl effect”: the ability of adolescent girls in developing countries to bring unprecedented social and economic change to their families, communities and countries. In impoverished communities, lack of resources drives girls out of school and into early marriage, childbirth, and HIV infection at rates dramatically higher than boys. The results are irreversible for girls, and devastating to communities caught in intergenerational cycles of poverty. Yet when girls gain a different path – supported, educated and empowered – everyone benefits.
14 May, 2008
Nike Names Keith Houlemard to Lead Jordan Brand
12 May, 2008
NIKE, Inc. Declare Dividend
The Board of Directors of NIKE, Inc. (NYSE:NKE) has declared a quarterly cash dividend of twenty three cents ($0.23) per share on the company's outstanding Class A and Class B Common Stock payable July 1, 2008, to NIKE, Inc.'s shareholders of record at the close of business June 9, 2008.
17 April, 2008
Nike Completes Sale of Bauer Hockey
NIKE, Inc. (NYSE:NKE) today announced the completion of its previously disclosed sale of the company’s Bauer Hockey subsidiary to an investor group led by Kohlberg & Company and Canadian businessman W. Graeme Roustan for $200 million in cash. The company also announced that Bauer CEO Mark Duggan, a long-time Nike executive, will remain with Nike following the sale.
10 April, 2008
Nike Extends Sponsorship of U.S. Olympic, Paralympic Teams through 2012
07 April, 2008
Nike Launches the Hyperdunk, its Lightest and Strongest Basketball Shoe Ever
19 March, 2008
NIKE, Inc. Reports Third Quarter Earnings Per Share of $0.92; Up 35 Percent From Prior Year
NIKE, Inc. (NYSE:NKE) today reported financial results for the third quarter ended February 29, 2008. For the quarter, revenue grew 16 percent to $4.5 billion, compared to $3.9 billion for the same period last year. Changes in currency exchange rates increased revenue growth by 6 percentage points for the quarter. Third quarter net income grew 32 percent to $463.8 million, compared to $350.8 million in the prior year and diluted earnings per share increased 35 percent to $0.92, versus $0.68 last year.
10 March, 2008
Nike Tennesse Recognized For Employment Practices
03 March, 2008
Nike and Umbro Announce Management Changes
NIKE, Inc. (NYSE:NKE) and Umbro today announced that Steve Makin, Chief Executive Officer and Board member of Umbro Plc, has decided to leave the company. Effective immediately, Makin will be succeeded as President and CEO by Matthew Cook, who most recently was General Manager of Nike Italy.
26 February, 2008
Jordan Brand Launches First Signature Shoe For Chris Paul
21 February, 2008
2008 Jordan Brand All-American Team Announced.
21 February, 2008
NIKE, Inc. Sells Bauer Hockey Subsidiary to Kohlberg & Company and W. Graeme Roustan for $200 Million
14 February, 2008
Jordan Brand Donates $500,000 to Boys and Girls Club in Louisiana
14 February, 2008
NIKE, Inc. Declares Dividend
The Board of Directors of NIKE, Inc. (NYSE:NKE) has declared a quarterly cash dividend of twenty three cents ($0.23) per share on the company's outstanding Class A and Class B Common Stock payable April 1, 2008, to NIKE, Inc.'s shareholders of record at the close of business March 10, 2008.
11 February, 2008
Nike Names Peter Hudson Vice President of Footwear Design
31 January, 2008
Umbro's Shareholders Accept Nike Offer
Nike Expects Acquistion To Be Completed In March
On October 23, Nike announced that it had reached agreement for an all-cash offer of £285 million (approximately $565 million) to acquire Umbro. The Board of Directors of Umbro plc unanimously recommended that shareholders accept the offer. Umbro is a leading United Kingdom-based global football (soccer) brand with more than 70 years of experience in the world’s No. 1 sport and the world’s biggest football market.
28 January, 2008
Nike's Head of Footwear Design Moves to New Role at Converse
John Hoke to lead global footwear at Converse, strengthening product creation and innovation as the brand drives exceptional growth
24 January, 2008
Consumers Get First Look at Latest Nike Golf Technology
Stan Grissinger, Category Business Director of Club and Balls for Nike Golf: "With the SQ SUMO(2) 5900, we have ensured that square is here to stay. Since our introduction of the first SQ SUMO driver last year, we have added square technology to an entire family of products: drivers, irons, fairway woods and hybrids."
18 January, 2008
Nike Names Executive Gary Cook to Lead Jordan Brand
08 January, 2008
Jordan Brand Launches The Air Jordan XX3: Celebrating 23 Years of a Legacy
3 January, 2005
NIKE, Inc. to Cease Operations at NikeTown Orange County
Today NIKE, Inc. announces its plans to cease operations at NikeTown, Orange County on January 30th, 2005. Opened in 1993, the store at Triangle Square Mall in Orange County was one of the first NikeTowns—the company’s premiere retail space for showcasing innovative products and deepening Nike’s connection to consumers.
