NIKE, INC.

(NKE)
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Delayed Nyse  -  04:00 2022-07-01 pm EDT
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Introducing the Nike Re-Creation Program, Turning Locally Collected Nike Products into New Designs

05/27/2022 | 10:37am EDT

The Nike Re-Creation program locally collects vintage and dead stock pieces, using them to create new locally designed and manufactured products.

Nike Re-Creation is another way Nike is creating new solutions to advance a circular vision and chase the ultimate goal of a zero-carbon, zero-waste future.

The first chapter of the Nike Re-Creation program features three iconic fleece hoodie and crew silhouettes inspired by LA sport culture and will drop exclusively at Nike's The Grove store.

Transforming locally collected vintage and dead stock pieces into locally designed and manufactured products, the Nike Re-Creation program initiates a new circular business model close to - and designed for - the local athlete.

The program's initial chapter, launching May 26 at The Grove in Los Angeles, features three iconic Nike fleece hoodie and crew silhouettes. Each silhouette is available in limited quantities, and the individual pieces have been restored to a wearable condition through a manual process of cleaning, dyeing, stitching and patching. Each piece is unique and features patches, as well as decorative stitching to enhance durability, and a range of Nike heritage and LA-inspired screen-printed graphics.

As an expression of Nike's circular vision, the Re-Creation program helps reimagine waste streams as resources and creates new value by reusing its own materials and products. 'Nike Re-Creation highlights an exciting moment of experimentation and progression,' says John Hoke, Chief Design Officer, NIKE, Inc. 'The program exemplifies Nike's collaborative spirit, bringing together experts in design, retail, supply chain and sustainability to strategize and learn.'

The Nike Re-Creation program follows the Nike Grind (established in 1992), Nike Refurbished and Nike Recycling & Donation initiatives, furthering Nike's innovative work toward creating a more circular future.

(C) 2022 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2022 46 726 M - -
Net income 2022 5 933 M - -
Net cash 2022 4 259 M - -
P/E ratio 2022 27,4x
Yield 2022 1,15%
Capitalization 159 B 159 B -
EV / Sales 2022 3,32x
EV / Sales 2023 3,11x
Nbr of Employees 73 300
Free-Float 79,5%
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Mean consensus BUY
Number of Analysts 33
Last Close Price 101,18 $
Average target price 140,37 $
Spread / Average Target 38,7%
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Managers and Directors
John J. Donahoe President, Chief Executive Officer & Director
Matthew Friend Chief Financial Officer & Executive Vice President
Mark G. Parker Executive Chairman
Andrew Campion Chief Operating Officer & Executive Vice President
Alan B. Graf Independent Director
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