Clothing & Shoes

Nike FY revenues inch up 1% to $51.4bn

Converse revenues reached $480m (£379.8m), which was an 18% drop on a reported basis, primarily due to ‘declines in North America and Western Europe’

Nike has reported that revenues inched up 1% to $51.4bn (£40.6bn) in the year ended 31 May from $51.2bn (£40.5bn) in the prior year, as fourth quarter revenues were down 2% to $12.6bn (£9.9bn). 

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