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 […]

Adidas asks Reebok franchisees to accept new terms

Adidas, the German sports goods manufacturer that acquired Reebok globally in 2005 and merged operations in India in 2011, has strictly directed around 70 franchisees in Delhi-NCR to accept the new terms and conditions or close shops by August 31, 2012. Until now, Adidas operated franchisees under a minimum guarantee (MG) scheme, whereby the company […]

As Reebok falters, Nike ups the ante in India

With market leader Reebok India involved in an alleged Rs 870-crore fraud case and German sports-goods maker Adidas attempting to clean up the mess there, rival Nike, say market experts, is in a position to capitalise on the vacuum that is there in the Indian market. The American sports-goods maker, the largest in the world, […]