Strategy

Nike Inc. and Foot Locker Inc. expect to open up to 50 "House of Hoops by Foot Locker" retail stores in the United States over the next three years, creating a new brand and community-oriented retail experience that celebrates the culture of the game for basketball consumers.

The Procter & Gamble Company announces that beginning in September it will convert its entire portfolio of liquid laundry detergents to a "2X" concentrated formulation.

Kenneth Cole hires Marty Nealon as the divisional president of the retail stores and e-commerce business.

The Board of Directors of The Procter & Gamble Company (P&G) announce some business unit realignments and associated changes to its executive management structure effective July 1, 2007.

Mars Incorporated plans to unify its regional corporate brands under the single corporate brand name, Mars.

Crocs Inc. enters into a licensing agreement with Marvel Entertainment Inc. to produce Crocs footwear and Jibbitz charms featuring characters ripped from the pages of Marvel's comic books, including Captain America, The Fantastic Four, The Incredible Hulk, Spider-Man and The X-Men.

In yet another acquisition move, Oracle makes a definitive agreement to buy Agile Software Corporation, a provider of product lifecycle management solutions (PLM), through a cash merger for $8.10 per share, or approximately $495 million.

Unilever names its long-standing partner SAP as the global premium IT solution provider to enable and support Unilever's global business transformation strategy.