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What business nike is in? sneakers - athletic footwear sportswear trainers maker We enjoyed growth across footwear, apparel and equipment in each of our international regions," said chief executive Philip Knight. Athletic shoe and clothing company. Spors and fitness company A simple sneaker company is transforming into an international consumer products company. Nike experienced continued growth. From 1989 to 1990 revenues climbed fom over $1.7 billion to about $2.2 billion, a 29% increase. In 1991 revenues exceeded $3 billion, a 34% increase. Gross margin rose by 1.6 percentage points from a year ago on leaner inventory, supply chain upgrade and better product mix, such as retro athletic jerseys and classic footwear Opp - Philips has announced it has struck an alliance with Nike to develop high-tech digital devices for sports enthusiasts. The aim is to design communications and entertainment appliances that can be incorporated into clothing and operated intuitively. Later products will include wearable communications devices...

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