Not a single Indian city features on that list.Nike, which entered India in 2005, has found it a difficult market to crack. TOI had reported earlier that the Oregon-headquartered Nike had closed around 35% of its stores in India.Subsequently, it pulled out of cricket bat sponsorship deals to save costs. Our headquarters in India remain in Bangalore with two other offices in Delhi and Mumbai. "Nike, which entered India in 2005, saw its sales fall to Rs 764 crore in FY16 from Rs 803 crore in FY15, according to data from Registrar of Companies (RoC). Its losses widened too, from Rs 101 crore in 2014-15 to Rs 170 crore in 2015-16.

Source: Economic Times September 02, 2017 01:08 UTC