Nike Inc. will buy back
$8 billion of Nike's class B stock in 4 years after the current $5 billion
buyback program is completed in second quarter of fiscal 2013. Up to September
2012, Nike Inc. has bought back $10 billion of stock.
Nike was made a member
of the Dow Jones Industrial Average in 2013, when it replaced Alcoa.
On December 19, 2013,
Nike Inc.'s quarterly profit rose due to a 13 percent increase in global orders
for merchandise since April of that year. Future orders of shoes or clothes for
delivery between December and April, rose to $10.4 billion. Nike shares (NKE)
rose 0.6 percent to $78.75 in extended trading.
In November 2015, Nike announced
it would initiate a $12 billion share buyback, as well as a two-for-one stock
split, with shares to begin trading at the decreased price on December 24. The
split will be the seventh in company history.
On April 26, 2016, it
was announced that Nike would release the Nike Air Force 180
"Olympic" associated with the dream team of 1992. It will drop on
July 7 at select Nike Sportswear retailers.
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