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NIKE, Inc. engages in the design, development, marketing, and sale of athletic footwear, apparel, accessories, equipment, and services. It operates through the following segments: North America; Europe, Middle East & Africa; Greater China; and Asia Pacific & Latin America; Global Brand Divisions; Converse; and Corporate. Read More The North America; Europe, Middle East & Africa; Greater China; and Asia Pacific & Latin America segments refers to the design, development, marketing, and selling of athletic footwear, apparel, and equipment. The Global Brand Divisions represents NIKE Brand licensing businesses. The Converse segment designs, markets, licenses, and sells casual sneakers, apparel, and accessories. The Corporate segment consists of unallocated general and administrative expenses. The company was founded by William Jay Bowerman and Philip H. Knight in 1964 and is headquartered in Beaverton, OR.
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Nike fined €12.5M for blocking cross-border sales
Nike (NYSE:NKE) has been hit with a €12.5M fine for blocking cross-border sales - which occurred between 2004 to 2017 - of soccer merchandise of some of Europe's best-known clubs.
Nike shares tumble after conservative outlook, but analysts say ‘don’t be fooled’
Nike Inc. shares fell 5.7% in Friday trading after the global athletic giant gave fiscal fourth-quarter 2019 guidance that spooked investors, but analysts are still bullish thanks to the company’s strong fundamentals. Nike NKE, -6.61% reported a fiscal third-quarter earnings beat, but said fourth quarter revenue would feel an FX pinch of about six percentage points, “which would result in low-single digit reported revenue growth,” Andrew Campion, chief financial officer at Nike said on the earnings call, a...
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