Sponsors
Billabong ▲ +0.010 | PPR ▼ -1.40 | American Apparel ▼ 0.000 | The Buckle ▼ 0.00 | Columbia ▼ 0.00 | Deckers Outdoor ▼ 0.00 | Dicks ▼ 0.00 | Foot Locker ▼ 0.00 | Genesco ▼ 0.00 | Iconix Brand Group ▼ 0.00 | Jarden Corp ▼ 0.00 | Nordstrom ▼ 0.00 | Luxottica ▼ 0.00 | Nike ▼ 0.00 | Pacific Sunwear ▼ 0.00 | Skullcandy ▼ 0.00 | Sport Chalet - 0 | Urban Outfitters ▼ 0.00 | VF Corp ▼ 0.00 | Quiksilver ▼ 0.00 | Zumiez ▼ 0.00 | Macys ▼ 0.00 | Tillys ▼ 0.00 |
Ticker Sponsor
Readers Say
Always a good daily read
Always a good daily read

Shop-Eat-Surf creates a good source of timely information about the industry. The site makes all types and size companies feel part of a community where everyone is stoked to hear about other companies successes and ideas. It is always a good daily read.

- By Ted Li, VP of North America, Oakley
Useful on a daily basis
Useful on a daily basis

It's well balanced information that is useful on a daily basis. I'm very satisfied with the Executive Edition. I start each day with SES and a big cup of coffee!

- By Tom Ruiz, EVP Sales, Volcom
Industry Insight

SDSI: 7 new companies accepted into the Springboard business mentoring program. AGENDA: Registration and travel planning now open for January and February trade shows.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

Converse, Hurley buck economy to deliver strong results, Nike says

By Tiffany Montgomery
June 24, 2009 3:04 PM

Despite the tough economy, Converse and Hurley posted strong revenue and profit results for the year ended May 31, Nike executives said this afternoon during an earnings conference call.

Converse revenue grew 26 percent to $915 million.

Nike CFO Don Blair said Converse continues to be the strongest performer in Nike's "other" category that also includes Hurley, Cole Haan and Nike Golf. Most of Converse's business is through licenses and distributors. Measured on a wholesale basis, Converse has $2 billion of revenue worldwide, he said.

Hurley also posted strong results for the year ended May 31, with revenues increasing 19 percent to more than $200 million. Both Hurley and Converse recorded double-digit growth in pretax income for the year.

"Converse and Hurley continue to outperform the market and are picking up share and building brand strength," Nike CEO Mark Parker said.

Parker also said he recently reviewed Converse product in the pipeline and said it's "incredibly strong and diverse" and "our most commercially-potent product ever created."

Nike brand President Charlie Denson said Nike's action sports category, the company's "newest key category," recorded "significant" double digit growth for the year.

For more insight into Hurley's resurgence, see my interview with Bob Hurley and CEO Roger Wyett that posted Monday.

 


Articles You Might Have Missed