Nike Q1 revenues up 10 percent

Nike has announced its financial results first fiscal of 2013 ended August 31, 2012. Strong demand for Nike brands propelled first quarter revenues by 10 percent to 6.7 billion dollars, up 15 percent on a currency-neutral basis. Excluding the impacts of changes in foreign currency, Nike brand revenues rose 16 percent, with growth in all […]

Nike to focus on grassroot expansion

American sportswear maker Nike plans to continue with retail expansion and focus on connecting at the grass root level. “We are eager to bring the brand to the masses. There will be a sharp focus on this segment. “The market is still nascent and there is a long way to go to build this market. […]