Nike Archives - CFO

Digital Sales Surge Fuels Nike Earnings Beat

Financial Performance

Digital Sales Surge Fuels Nike Earnings Beat

“We know that digital is the new normal. The consumer today is digitally grounded and simply will not revert back."

By Matthew Heller | September 23, 2020

Nike to Cut Jobs As Part of Digital Sales Push

Nike to Cut Jobs As Part of Digital Sales Push

The footwear giant says the “strategic alignment” of its operating model will “create even greater focus and agility."

By Matthew Heller | July 22, 2020

CFOs On the Move: Week Ending February 21

CFOs On the Move: Week Ending February 21

Vox, Volkswagen, Nike, Groupon, DuPont, House of Saka, Yelp, Mondi, Russel Metals, Endo International, TriNet

By Lauren Muskett | February 21, 2020

Nike Beats Estimates as Digital Sales Rise 38%

Financial Performance

Nike Beats Estimates as Digital Sales Rise 38%

“Nike delivered another strong quarter of accelerating, high-quality growth, driven by strategic and targeted investment in our digital transformation."

By Matthew Heller | December 20, 2019

Nike Gets Blockchain Patent To Let Users ‘Breed’ Own Shoes

Nike Gets Blockchain Patent To Let Users ‘Breed’ Own Shoes

The registration of the product on blockchain would allow users to "securely sell or trade" the tangible form of the shoes, Nike said.

By Vincent Ryan | December 11, 2019

Fanatics Hires Nike Exec Mich Chandlee as CFO

Fanatics Hires Nike Exec Mich Chandlee as CFO

Chandlee "understands the economics of the sports apparel industry and the power of product, brand, technology, and channel innovation."

By Matthew Heller | September 18, 2019

Nike Buys Predictive Demand Company Celect

Nike Buys Predictive Demand Company Celect

The deal is part of the company’s push to emphasize direct-to-consumer sales.

By Lauren Muskett | August 7, 2019

EU Fines Nike Over Restrictions On Cross-Border Sales

Risk & Compliance

EU Fines Nike Over Restrictions On Cross-Border Sales

The case involved "geo-blocking" of the merchandise of top European football sports franchises.

By Vincent Ryan | March 25, 2019

Nike Shares Fall 4% Despite Q3 Earnings Beat

Financial Performance

Nike Shares Fall 4% Despite Q3 Earnings Beat

The company reported weaker-than-expected revenue growth in North America but online sales topped $1 billion for the first time.

By Matthew Heller | March 22, 2019

Nike Likely to Win with Bold Kaepernick Move

Risk Management

Nike Likely to Win with Bold Kaepernick Move

Short-term hits to Nike's stock price and sales should give way to a more passionate customer base over the longer term, a top marketer says.

By David McCann | September 6, 2018

Foot Locker Beats Estimates, Stock Climbs 26%

Financial Performance

Foot Locker Beats Estimates, Stock Climbs 26%

The struggling retailer's key metrics all declined in Q3 but Wall Street was expecting a "much more severe fall from grace."

By Matthew Heller | November 17, 2017

Foot Locker Shares Dive on Big Earnings Miss

Financial Performance

Foot Locker Shares Dive on Big Earnings Miss

The company's CEO faults its suppliers for its Q2 results, saying there was "limited availability of innovative new products in the market."

By Matthew Heller | August 21, 2017

Nike to Cut 2% of Workforce

Nike to Cut 2% of Workforce

The company plans to focus on custom products in key international cities.

By William Sprouse | June 15, 2017

Nike Sales Just Didn’t Do It in Third Quarter

Nike Sales Just Didn’t Do It in Third Quarter

Revenue missed analysts' estimates but CEO Mark Parker believes the shift to online shopping "represents a tremendous opportunity for Nike."

By Matthew Heller | March 23, 2017

S&P Strips Under Armour of Investment-Grade Rating

Global Business

S&P Strips Under Armour of Investment-Grade Rating

The sports apparel company's credit rating is cut to 'junk' level on weakening margins and 'intense competition.'

By Vincent Ryan | February 1, 2017