Nike SB Dunk Low “Roller Derby”

Nike SB is paying tribute to the roller skating days of the 1950′s with their second collaboration with Made For Skates. For a vintage feel, Nike added antique styling cues that includes distressed suede and cracked leather. Wood panel pattern embossed suede on the side panels and special graphics insoles adds a nice touch. These are scheduled to release as a quickstrike in October. via Warped

September 23, 2011. Tags: , . Uncategorized. Leave a comment.

Nike’s Fiscal 2012 First Quarter Details

Here’s the details:

* Revenues up 18 percent to $6.1 billion, up 11 percent excluding currency changes
* Diluted earnings per share up 19 percent to $1.36
* Worldwide futures orders up 16 percent, 13 percent growth excluding currency changes
* Inventories up 41 percent

Today, September 22, 2011, Nike, Inc. reported financial results for its fiscal 2012 first quarter which ended August 31, 2011. Diluted earnings per share and revenue represented new records as a strong demand for NIKE, Inc. brands, SG&A expense leverage, tax efficiencies and a lower average share count offset the impact of a lower gross margin.

“We’re off to a strong start in fiscal year 2012. We have a powerful and diverse portfolio of brands and businesses, and we’re focused on leveraging them to drive growth and create value for our shareholders,” said Mark Parker, President and CEO, NIKE, Inc. “It pays to be prudent in times like these. It’s also essential that we remain on the offense, creating opportunities. We do that by connecting with consumers, designing innovative products and delivering amazing experiences. That’s how we continue to lead this company and the industry into the future.”

First Quarter Income Statement Review

* Revenues for NIKE, Inc. increased 18 percent to $6.1 billion, up 11 percent on a currency-neutral basis. Excluding the impacts of changes in foreign currency, NIKE Brand revenues rose 12 percent with growth in every geography except Western Europe, which was flat due to the negative impact from changes in the timing of shipments and comparisons to last year’s strong World Cup related sales. By category, revenues were up on a currency neutral basis in all key categories except Football (Soccer), which had a challenging prior year comparison given the World Cup last year. Revenues for our Other Businesses increased 10 percent including 2 percentage points of benefit from changes in currency exchange rates, as growth in Converse, Cole Haan and NIKE Golf offset lower revenues at Hurley and Umbro.
* Gross margin declined 270 basis points to 44.3 percent mainly due to higher product costs and a higher mix of off-price revenues sold at a lower margin than the prior year. These factors more than offset the positive impact of growing sales in our Direct to Consumer operations, select pricing actions and the benefits of ongoing product cost reduction initiatives.
* Selling and administrative expenses grew at a slower rate than revenue, up 9 percent to $1.8 billion. Demand creation expenses increased 2 percent to $692 million driven by marketing support for key product initiatives and investments in retail product presentation for wholesale accounts. Operating overhead expenses increased 14 percent to $1.1 billion due to additional investments made in our wholesale and Direct to Consumer businesses.
* Other expense, net was $18 million, comprised largely of foreign exchange losses, primarily from currency hedges. For the quarter, we estimate the year-over-year change in foreign currency related losses included in other expense, net combined with the impact of changes in foreign currency exchange rates on the translation of foreign currency-denominated profits increased pretax income by approximately $32 million.
* The effective tax rate was 24.3 percent compared to 26.0 percent for the same period last year, an improvement due primarily to a reduction in the effective tax rate on operations outside the United States.
* Net income increased 15 percent to $645 million and diluted earnings per share increased 19 percent to $1.36 reflecting a 3 percent decline in the weighted average diluted common shares outstanding.

August 31, 2011 Balance Sheet Review

* Inventories for NIKE, Inc. were $3.1 billion, up 41 percent from August 31, 2010. Inventories were higher compared to a year ago due to higher average unit product cost, growth in total units and changes in currency exchange rates. NIKE Brand unit inventories were higher as a result of strong demand and elevated product deliveries as manufacturing partners have expanded production capacity to more closely align with demand. Also contributing to the growth in NIKE Brand units were strategic pre-builds for key seasonal items with longer production lead times and growth in our Direct to Consumer business. Relative to revenues and futures, current unit inventories are broadly consistent with the levels we reported prior to the 2009 – 2010 economic downturn.
* Cash and short-term investments were $3.7 billion, lower than last year as higher working capital investments reduced free cash flow from operations, while share repurchases, dividend payments and long-term debt payments also increased year-on-year.

Share Repurchases

During the first quarter, we repurchased a total of 7.7 million shares for approximately $649 million as part of our four-year, $5 billion share repurchase program, approved by the Board of Directors in September 2008. As of the end of the first quarter, we have purchased a total of 38.0 million shares for approximately $3.0 billion under this program.

Futures Orders

As of the end of the quarter worldwide futures orders for NIKE Brand athletic footwear and apparel, scheduled for delivery from September 2011 through January 2012, totaled $8.5 billion, 16 percent higher than orders reported for the same period last year. Excluding currency changes, reported orders would have increased 13 percent.

September 23, 2011. Uncategorized. Leave a comment.

Michael Jordan’s Six Rings Golf Bag

His on-court style was unmatched during his career and it looks as if his style has transitioned itself onto the green.

MJ has turned his golf bag into a reminder of what he has accomplished during his tenure in the NBA… just in case you forgot. With its six championship rings displayed proudly above the sneaker he sunk that final shot as a Chicago Bull, this bag would be ridiculously cool to have in ones possession; especially if you play golf.

September 22, 2011. Tags: . Uncategorized. Leave a comment.

Nike LeBron 9 China

LeBron’s footwear relationship with China runs deep. From his Manga style marketing ads for his Chamber of Fear Air Force Ones in 2005, to the most recent white/red colorway we seen on the LeBron VIII (8). With the Year of the Dragon, the Water Dragon to be more specific, for 2012 we have a new conceptual theme for the LeBron 9. An illustrious blue adorns the upper with vivid orange Swoosh and accents with Chinese type printed on the rear pull-tab.

Also seen on the tongue are graphics conducive to the Year of the Dragon theme. 2012 is not for a few months but we may or may not see a release date this year. Stay tuned for solid release information. via NT

September 19, 2011. Tags: , , . Uncategorized. Leave a comment.


Via Nicekicks.

Up to this point, we have seen very subtle, two-toned colorways on the Nike Lunar Hypergamer; however, today’s pair, spotted on eBay, is anything but simple. It features a all-over, camouflage upper comprised of different shades of brown, blue and green. Yet, the most eye-popping attribute on this shoe is contrasting Action Red Lunar outsole. Who else would like to see more vivid color schemes on the Nike Lunar Hypergamer? As stated earlier, this size 9 is now available on eBay.

September 19, 2011. Tags: , , . Uncategorized. Leave a comment.

Bape ‘Brick Sole’ Bapesta

Inspired by the red brick sole shoes that have made their way into our closets in the last couple of seasons, A Bathing Ape presents the ‘Brick Sole’ Bapesta sneaker. It comes in four colorways, featuring suede uppers, white Bapesta branding and a red outer gum outer sole.

September 14, 2011. Tags: , , , . Uncategorized. Leave a comment.

Back To The Future – Nike Air Mag – Marty McFly Charity Auction RELEASE!

After breaking news surfaced about the highly anticipated Nike MAG being the topic of discussion at Nike’s special meeting in LA hosted by Tinker Hatfield, it had Internets saying “GREAT SCOTT!”. Michael J. Fox aka Marty McFly has yet to make his big announcement on Letterman but we’re sure this has something to do with it.

Now we have detailed pics of the official Nike Air MAG. The fabled shoe will carry many of the physical attributes of the original but will not be infused with the Power-lacing technology. 1500 pairs will be auctioned off on eBay with proceeds going to the Michael J. Fox Foundation for Parkinson’s Research. Also, just in time for the McFly hype, a large mysterious crate has shown up at Nike’s Flagship store, 21 Mercer. What’s in the crate you ask? The crate does seem big enough to fit a vehicle. A Deloreon maybe?

September 8, 2011. Tags: , , . Uncategorized. 5 comments.

Reebok Zig Encore 2 “Grown Ass Man” for John Wall’s 21st Birthday

Reebok created a ultra-limited Zig Encore 2 “Grown Ass Man” edition to celebrate John Wall’s 21st birthday. Unlike most shoes made for special occasions like this, Reebok is releasing this sneaker to the public. The “Grown Ass Man” Reebok Zig Encore 2 is set to release this Saturday, September 10th.

Releasing at Foot Locker via Crabtree Valley Mall in Raleigh, North Carolina at 8:00am EST. Limited to 21 pairs (size 8-14) and individually numbered handmade cedar box, with laser etching details. Retail is $210 and proceeds go to charity of John Wall’s choice.

September 8, 2011. Tags: , , , . Uncategorized. Leave a comment.

adidas adiPure Trainer unveiled

Via Nicekicks

While barefoot running shoes have been adopted in weight rooms and athletic clubs across the county, never has there been a 5-toe model designed specially for the training. Until now. The adidas adiPure Trainer channels the natural movement ideology that’s taken off in running to the gym for a minimal sneaker that strengthens the foot while building balance and dexterity. Receiving endorsement from athletes of all sports and sizes, look for men’s and women’s colorways to release this November.

adidas adiPure Trainer
Mens: Red/Black
Womens: Intense Blue/Metallic Silver
November 2011

August 24, 2011. Tags: , , . Uncategorized. Leave a comment.

Nike Sportswear Brasil ” E Possivel ” Air Force 1

Nike to launch Air Force 1 Brasil in September

A basketball and street culture icon, the shoe gets a Brazilian version and a manifesto led by artists and athletes

São Paulo, August 22, 2011 – Brazil is watching a new cultural revolution. Born on the streets, it gathers together promising athletes and artists who do not take “no” for an answer, who push on and earn the right to do what they love. What do they have in common? A manifesto. What do they want? To show the world that IT IS POSSIBLE to dream. What connects their stories? Passion for sport, for culture, and for a symbol that they have helped create – the Air Force 1 Brasil.

Created in the 1980s, the AF-1 revolutionized the basketball courts in the USA on the feet of sensations such as Moses Malone and Rasheed Wallace, and it played a key role in consolidating the sport’s culture in that country. Today, in Brazil, Damiris and Raulzinho, two up and coming Brazilian athletes, embody the spirit and determination of these idols and are helping to leverage and carry on this tradition.

Taking the energy of the courts, MCs Emicida, Pixote and Xará, gifted at bringing together authenticity with Brazilian roots music, and Toddy, an artist who uses city walls as canvasses on which to represent the problems faced by urban communities, have put together a manifesto. The text urges young people to have hope and to not give up when things get rough: “We, as soldiers in an invisible army, march towards tomorrow as heirs of the ash on the streets and the offspring of a reality that is of interest to few.”

They celebrate their independence in hip hop and pay tribute to a product that has transcended its purpose, conquered the world, established a style, given rise to a movement that has taken over the streets.

The manifesto stands for a shoe that promises to become an icon of Brazilian urban culture. The first Air Force 1 made for Brazil. Its eyestays, tongue label and laces are green and yellow, and the names of the idols are graved on the black leather structure.

The story described above will soon be available in select movie theaters in Brazil. The short-film É Possível (It is possible) was written by Victor Navas, who also wrote the films Carandiru and Cazuza – O Tempo Não Para. The film mixes documentary and animation, intertwining urban images, anonymous basketball courts, and famous athletes who have been part of the history of the sport which over here in Brazil is yet to make an impact on the street.

Similarly to what happened in that decade in Philadelphia and New York, the Brazilian scene is getting ready for transformation. This September the Air Force 1 Brasil comes out to Brazilian stores only, ready to keep its story going.

Via SneakersBR

August 22, 2011. Tags: , , , , . Uncategorized. Leave a comment.

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