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Reported revenues for the global sportswear manufacturer totalled US $10.6 billion for the its first quarter ended August 31, 2020, down 1% on a reported basis and flat to the prior year on a currency-neutral basis.
One week after it released a powerful video message condemning racism and injustice, Nike Inc. is putting significant investment behind the cause.
Nike has teamed up with nonprofit environmental advocacy group Ocean Conservancy to launch a new campaign against Arctic shipping routes.
As part of its restructuring strategy, the sportswear Group announced it plans to cut 2% of its workforce worldwide in order to gain a competitive edge over its main rivals.
An international strategy and consultancy report on brand strength says Nike has retained its position as the world’s most valuable apparel brand after a 13% rise in brand value to USD32 billion.