Nike will raise wages for its 7,500 employees. About 10 per cent of employees across all levels and geographies will receive pay adjustments. The company has about 74,400 employees worldwide.

The pay adjustment will begin in August and be annualised over the balance of the company’s fiscal year. Its mid-level managers at its Portland headquarters are paid about $40,000 to $1,20,000 dollars a year. Earlier the sportswear maker concluded a probe into workplace behavior that resulted in the departure of a number of top executives.

Fueled by a complete digital transformation of the company end-to-end, this year set the foundation for Nike’s next wave of long-term, sustainable growth and profitability. US-based Nike, is the world’s leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Subsidiary brands include Converse, which designs, markets and distributes athletic lifestyle footwear, apparel and accessories; and Hurley, which designs, markets and distributes surf and youth lifestyle footwear, apparel and accessories.

For the Q4 Nike’s revenue increased 13 per cent. Diluted earnings per share rose 15 per cent. Gross margin increased 60 basis points to 44.7 per cent.