Beaverton, Ore.-based Nike Inc. has completed the sale of its Cole Haan affiliate brand. On May 31, 2012, Nike announced its plans to sell Umbro and Cole Haan in order to focus on driving growth of its Nike, Jordan, Converse and Hurley brands. The company...
Reebok said Tuesday it can prove it wasn't selling merchandise in violation of its expired 10-year licensing deal with the NFL. The ban came after Nike filed a lawsuit last week, days after Tebow was traded from Denver to New York. Nike has NFL licensing rights. The Beaverton, Ore.-based company says it'll lose a one-time opportunity if the ban on Reebok sales is lifted. Reebok says it sold 6,000 Tebow Jets jerseys and 25,000 T-shirts, not enough to impact Nike sales.
New York Knick Jeremy Lin Photo By Chris Trotman for Most Recent Articles On People More Articles By New York Knicks’ Jeremy Lin has fascinated sports fans, and athletic retailers are hoping to capitalize on the “Linsanity.” Ever since the basketball player led his team to an unexpected streak of wins, starting on Feb. 4, Lin’s jersey has been the top seller on NBAstore.com. Sportsonesource reported that sales of all NBA-licensed product were up 19 percent last week, with sales of Knicks-licensed merchandise doubling over last year. Lin’s meteoric rise to fame has also drawn more eyes to
NEW YORK - Nike Inc.'s stock climbed more than 4 percent before the market opened Tuesday as the clothing and footwear company's fiscal fourth-quarter results topped expectations. An analyst said in a client note that the performance was mainly due to accelerating sales of the chain's sneakers. Taposh Bari of Jefferies & Co. said the industry is in one of the best athletic footwear cycles in more than a decade, with Nike set to capitalize because it is the clear leader in the category. "The robust sales trend gives us confidence in Nike's ability to raise price," the analyst