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Nike heads outdoors in search for new sources of growth

by Riah Marton
in Technology
Nike heads outdoors in search for new sources of growth
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NIKE, on the hunt for new growth avenues following a rocky year, is preparing a global push for its outdoor business, All Conditions Gear, which makes hiking gear such as waterproof boots, ripstop jackets and day packs.

“We are now investing more resources in this incredible growth opportunity,” Nike presidents Heidi O’Neill and Craig Williams told staff in a memo viewed by Bloomberg News. O’Neill, who leads the consumer and product division, and Williams, who is in charge of geographies and marketplace, added they will “continue to drive the new ACG investment across global, geo and city teams throughout the organisation in the coming months”.

Details of the plans for the business, known as ACG, were not shared with employees. The executives said that there’s still work to be done on ACG’s strategy, organisational design and operating model.

The business focuses on trail running and hiking, with products that range from zip-off skirts to day packs and mittens.

As part of the new push, Angela Dong, Nike’s top executive in its Greater China region, will take over ACG, adding to her responsibilities in Shanghai, according to the memo. China will be an immediate focus for the business, the executives said.

Scott LeClair, who previously ran action sports at Nike, has been named vice-president and general manager of the ACG division, working out of headquarters in Oregon.

Nike did not immediately respond to a request for comment.

Outdoor gear is a crowded area, and Nike will be up against brands such as Patagonia, the North Face and Arc’teryx. BLOOMBERG

Tags: GrowthHeadsNikeOutdoorsSearchSources
Riah Marton

Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

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