Nike "overtook" the leading manufacturers in the world
28.09.2011 4286

Nike "overtook" the leading manufacturers in the world

The American company Nike, a world famous manufacturer of sports shoes and apparel, has reported for the first quarter of the current fiscal year. Against the backdrop of global financial instability, the sports company reports on the growth of sales, the profit from which as of August 31, 2011 grew 15%.

The first quarter of the 2011-2012 fiscal year was not easy for many manufacturers, especially American and Japanese, but not for Nike. The sportswear company increased its profits to $ 645 million, which is equivalent in percentage terms to a 15% increase. This development has surpassed all expectations of analysts and Wall Street experts. In the North American market alone, the company's revenue amounted to about $ 2,2 billion (+ 16%). In less developed markets, Nike earned $ 799 million, increasing profits by 35%.

Among the "profitable" were the American, Chinese and Indian sales markets, where, in contrast to Western Europe, there is a stable growth in demand for Nike products. So, after recalculating in accordance with the current exchange rate, the company's revenue from this region did not match the previously announced 14% increase.

Assessing Nike's financial performance globally, it is worth noting the total profit increase to $ 6,08 billion (+ 18%). This year was more than successful for the sports manufacturer: under the four-year share buyback program, the company managed to “assign” 7,7 million shares for a total of $ 649 million. 2012 year promises to strengthen the company’s “strong” position, hopes Nike CEO Mark Parker . About it writes IA "AMITEL".

The American company Nike, a world famous manufacturer of sports shoes and apparel, has reported for the first quarter of the current fiscal year. Against the backdrop of global financial instability ...
5
1
Rating

Latest News

The US and India have reached an agreement to reduce tariffs by up to 18%.

US President Donald Trump announced a trade agreement with India, under which tariffs on Indian goods will be reduced from 50% to 18%. Trump linked this move to India's halting purchases of Russian oil and a decline in trade…
06.02.2026 247

Sneakers have appeared in the Tamaris collection.

This Spring/Summer 26 season, the German brand Tamaris collection features the year's trendiest model: ultra-thin sneakers.
06.02.2026 251

Wales Bonner has released its own sneaker model based on its collaborations with Adidas.

The Wales Bonner collection now includes the Paris Trainer sneaker, essentially a continuation of British fashion designer Grace Wales Bonner's collaboration with Adidas. However, the silhouette and design of the sneakers are reminiscent of the six-year-old's hits…
06.02.2026 265

Zegna sales showed sharp growth in Q4 2025

Italian luxury menswear and footwear brand Zegna reports sales growth in Q4 2025. The Ermenegildo Zegna group, which includes the Zegna, Tom Brown, and Tom Ford Fashion brands, is expected to generate revenue in 2025…
05.02.2026 387

The number of clothing and shoe stores is declining

Shopping centers are seeing fewer clothing and shoe stores. By the end of 2025, the number of fashion retail outlets in Russian shopping centers had decreased by 10-15%. This follows from a survey conducted by the Union of Shopping Centers…
04.02.2026 535
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning