Nike said last week that it plans to make its entire line of running shoes compatible with Apple Inc’s iPod nano line by the end of this year.
The comment was made Nike president and chief executive Mark Parker on Thursday as the shoe maker released its third-quarter results, saying it had a soft year with some specialty mall retailers.
The segment overall was down, according to Boston.com, with some companies like Foot Locker Inc. and Finish Line Inc. suffering from slumping sales. Nike, however, said it is poised to make major changes in retail this year with the help of leading retail partners that will build strength. [full story]
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