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The birth cycle of a Nike product line, from conception to store shelf, is about 18 months, so Hill’s fingerprints on the shoe lineup won’t really begin to emerge until 2026.
Nike, Inc. [note 1] (stylized as NIKE) is an American athletic footwear and apparel corporation headquartered near Beaverton, Oregon. [6] It is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of US$46 billion in its fiscal year 2022.
Converse (/ ˈ k ɒ n v ər s /) is an American lifestyle brand that markets, distributes, and licenses footwear, apparel, and accessories.Founded by Marquis Mills Converse in 1908 as the Converse Rubber Shoe Company in Malden, Massachusetts, it has been acquired by several companies before becoming a subsidiary of Nike, Inc. in 2003.
Nike, Inc. has been accused of using sweatshops and worker abuse to produce footwear and apparel in East Asia. After rising prices and the increasing cost of labor in Korean and Taiwanese factories, Nike began contracting in countries elsewhere in Asia, which includes parts of India, Pakistan, and Indonesia.
Roughly 60% of Foot Locker's sales involve Nike shoes and apparel, so many analysts covering Nike see the retailer's performance as a good proxy for the apparel giant's in some ways.
From fiscal 2020 to 2024, Nike Direct's revenue rose at a CAGR of 15% as its wholesale revenue only increased at a CAGR of 5%. Nike generated 42% of its sales from Nike Direct in fiscal 2024 ...