Author: Andy Polk

Net sales for the second quarter of Fiscal 2020 increased 5 percent to $9.8 billion. Consolidated comparable store sales increased 2 percent, over last year’s 6 percent increase. Net income for the second quarter was $759 million, and diluted earnings per share were $.62, up...

The deal, made with the city’s Franchise and Concession Review Committee, provides the city’s tourism bureau, NYC & Company, with 5 percent of profits obtained from Nike’s city logo-branded merchandise. The guaranteed minimum is $20,000 over the next two years....

Nike Adventure Club will feature three tiers of subscription plans—$20, $30 or $50 a month—and is aimed at 2-year to 10-year olds. It will effectively gives subscribers a new pair of Nike sneakers that cost about $50 or more once a month, once every two...

“Our second quarter results reflect a transformation currently underway at Sequential. The first phase of that transition included the completion of the divestiture of the Martha Stewart and Emeril Lagasse brands which occurred during the quarter...