Nike Proves It Can Run “All Businesses” Profitably

Portfolio.com recently published an article “Beyond Swoosh” in which they highlight the success of Converse, Umbro and Cole Haan – Nike’s “other businesses” as they call them. These “other” brands have posted a 13% sales increase to $365 million while Nike continues to grow 5.7% to $4 billion. The article really speaks to the strength of Nike to apply its own success models to other brands. To check out the article visit...

CCS to Open Brick-and-Mortar Store

Online skate retailer, CCS, is opening a store in California and one in New Jersey down the road. Most of you will recall that CCS was bought by Foot Locker about a year ago. In the first quarter, Foot Locker said CCS sales were weaker than planned. However, Foot Locker expects CSS to generate a double-digit profit margin for the year. In other skate news for Foot Locker, executives said the company is launching a large skate initiative in a “significant” amount of its European stores. Vulcanized shoes are a hot trend that is “developing rapidly” in the global marketplace. Vulcanized styles from Nike, Adidas, Puma and Converse are performing particularly...