The Moss Adams Apparel Market Monitor shows that public companies, with the exception of the Youth Lifestyle category, continue to outperform the overall stock market. Previews of Agenda WMNS at Long Beach, Agenda NYC and Agenda Vegas. Now on Industry Insight.
Source: NIKE, Inc.
Monday October 12, 2009
BEAVERTON, Ore.--(BUSINESS WIRE)--NIKE, Inc. (NYSE:NKE - News) today announced that Jack Boys will retire as CEO of Converse and company executive Michael Spillane has been named his successor. Boys and Spillane will transition their roles through the end of the year.
"With Jack's leadership, Converse has experienced exceptional brand growth and financial performance. His contribution to Converse's success has helped make the brand what it is today. Under his guidance, Converse just posted its most profitable first quarter to date - demonstrating the power and potential of the Converse brand," said Eunan McLaughlin, President NIKE, Inc. Affiliates.
"We are very excited to have Michael in the CEO role. He has worked closely with Jack for the past two years developing Converse's growth strategy," said McLaughlin. "Their leadership, passion and deep understanding of the Converse consumer has uniquely positioned Converse for continued global growth."
As CEO of Converse, Spillane will report directly to McLaughlin. Spillane brings 25 years of hands-on financial, textile and apparel experience to Converse. He joined Converse in 2007 as President of North American Footwear. In less than a year, he was asked to lead growth around the apparel business, as President, North America and Global Product. Previously Spillane held CEO positions at Polartec and Malden Mills as well as senior positions at Tommy Hilfiger and Jockey.
About NIKE, Inc.
NIKE, Inc. based near Beaverton, Oregon, is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Wholly-owned Nike subsidiaries include Cole Haan, which designs, markets and distributes luxury shoes, handbags, accessories and coats; Converse Inc., which designs, markets and distributes athletic footwear, apparel and accessories; Hurley International LLC, which designs, markets and distributes action sports and youth lifestyle footwear, apparel and accessories; and Umbro Ltd., a leading United Kingdom-based global football (soccer) brand. For more information, visit www.nikebiz.com.
About Converse Inc.
Converse Inc. is a wholly owned subsidiary of NIKE, Inc. Established in 1908, the Converse brand has built a reputation as "America's Original Sports Company"(tm) and has been associated with a rich heritage of legendary shoes such as the Chuck Taylor(r) All Star(r) shoe, the Jack Purcell(r) shoe and the One Star(r) shoe. Today, Converse offers a diverse portfolio including premium lifestyle men's and women's footwear and apparel. Converse product is sold globally by retailers in over 160 countries and over 40 company-owned retail locations in the U.S. For more information, visit Converse on the web at www.converse.com.
For more information, including multi-media materials, please visit: www.nikemedia.com