×
462
Fashion Jobs
MOLEDRO
Operation Manager
Permanent · NEW DELHI
MOLEDRO
HR &Admin
Permanent · NEW DELHI
MOLEDRO
Brand Manager
Permanent · NEW DELHI
MOLEDRO
sr Fashion Designer / Production Manager
Permanent · NEW DELHI
ADIDAS
Manager Information Security
Permanent · GURUGRAM
ADIDAS
sr. Manager Sales Excellence
Permanent · GURUGRAM
CL GUPTA RETAIL PRIVATE LIMITED
Production Manager Cum Quality Control Manager
Permanent · Noida
UGRAYA FOODS
Production Manager || Agartala (Tripura) || Poultry Feed Industry
Permanent · Agartala
GOVIND KRIPA INFRATECH PVT. LTD.
HR/Telecalling/Sales Manager/Sales Executives/Asst. Sales Manager
Permanent · Jaipur
JUMBO BAGS
Manager- Production (Fibc / Woven Polypropylene Industry)
Permanent · Chennai
ADIDAS
Manager, Masterdata And Product Launch (.Com & Digital Partners), Apac
Permanent · GURUGRAM
ADIDAS
Manager, Digital Backend Operations, Apac
Permanent · GURUGRAM
THE HOUSE OF DEEPTHI LIMITED
Production Manager
Permanent · MUMBAI
MANPOWERGROUP SERVICES INDIA PRIVATE LIMITED
Hiring-Field Sales Manager
Permanent · Chennai
YUTIKA NATURAL
Area Sales Manager (Guwahati)
Permanent · Katihar
LENSKART
Area Operations Manager
Permanent · Chennai
ELECTRONICA FINANCE
Area Sales Manager - Mumbai- Vasai
Permanent · Mumbai
ADIDAS
Manager Learning & Development & Knowledge Management (M/F/D)
Permanent · CHENNAI
D.LIGHT
Hiring For Area Sales Manager | Bihar | d.Light Energy
Permanent · Patna
CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED
Loan Against Securities - Area Sales Manager
Permanent · Chennai
ANAND RATHI GLOBAL FINANCE
Hiring For Area Sales Manager Sme- Lap
Permanent · Mumbai
CURLYFE BIOSCIENCES
Senior Area Sales Manager
Permanent · Ghaziabad
By
Reuters
Published
Jun 27, 2014
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Nike gets leg-up from strong sales in North America, Europe

By
Reuters
Published
Jun 27, 2014

Nike reported better-than-expected quarterly results, as demand for its apparel and footwear rose in North America and Western Europe after the company spent heavily on marketing ahead of the 2014 football World Cup.

Source: Nike


Shares of the world's largest sports wear maker rose about 3 percent to $79.23 (£46.53) in extended trading.

Nike, known for its characteristic 'swoosh' or tick logo, gets more than half of its total revenue from North America and Western Europe.

The company has been giving tough competition to Germany's Adidas AG on the hotly-contested European turf.

Nike maintained its share of the Western Europe sportswear market at about 12 percent in 2013, while Adidas's share shrank to 12.6 percent in the year from 13.2 percent in 2012, according to Euromonitor International data.

Nike's spending on marketing rose 36 percent in the fourth quarter ended May 31 as it signed up soccer legends Cristiano Ronaldo and Wayne Rooney for commercials to promote its merchandise ahead of the World Cup.

The event, hosted by Brazil, marks the first time that Nike is sponsoring more national teams than Adidas.

Orders for Nike-branded shoes and clothing scheduled for delivery between June and November, a gauge of demand the company calls "futures orders," rose 12 percent globally in the quarter, excluding the impact of currency fluctuations.

The rise in orders was driven by Western Europe, where futures orders jumped 25 percent.

Nike's net income from continuing operations rose to $698 million, or 78 cents per share, in the quarter from $690 million, or 76 cents per share, a year earlier.

Revenue from continuing operations rose 13 percent to $7.43 billion, excluding currency fluctuations.

Analysts on average had expected a profit of 75 cents per share and revenue of $7.34 billion, according to Thomson Reuters I/B/E/S.

© Thomson Reuters 2022 All rights reserved.