Quote of the Day

"I see this as Nike almost treating Amazon like their outlet mall."
-- CNBC’s Tim Seymour, on Nike starting a program to sell sneakers through Amazon. ("Fast Money," CNBC, 6/29)
Friday June 30, 2017 Vol. 23 — No. 208 Print This Issue

Top Stories

  • Just Doing It

    For its FY '17, Nike earned $4.2B on total revenue of $34.4B

    Nike on Thursday announced "better-than-expected" Q4 and FY '17 earnings after a "bruising time of lost momentum and disappointing North American sales that led to a rare layoff earlier this month ," according to Jeff Manning of the Portland OREGONIAN. Powered by "strong international sales gains," Nike earned $1B on revenue of $8.7B in its Q4. For its FY '17, Nike earned $4.2B on total revenue of $34.4B. Those numbers "handily topped the consensus of Wall Street analysts" ( Portland OREGONIAN, 6/30 ). In Portland, Bell & Siemers noted the close of the quarter "marks the end of a challenging year" for Nike, which has "found itself losing some of its market share to Adidas" ( BIZJOURNALS.com, 6/29 ). Meanwhile, ENGADGET's Richard La ...

  • Silk Road Game

    NFL postpones China game, but could look to start '19 season in Middle Kingdom.

  • Manhattan Melodrama

    David Griffin, John Calipari, Sam Presti among names tossed around for Knicks job.

  • Cash Deposit

    New deal makes KeyBank official private bank of Browns.

  • Captain's Choice

    Derek Jeter closer to getting funds for Marlins bid group.

  • Symbiotic Relationship

    The Pro Football HOF and Akron's WGC event plan a joint-ticket package.

  • Ride The Lightning

    Vinik invests $6M to upgrade team's practice facility.

  • The House Always Wins

    The Golden Knights' T-Mobile Arena retail shop shows a commitment to an in-store merch strategy.

  • Bye Bye Beltway?

    Future of PGA Tour DC event uncertain with Tiger's absence.

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