Nike "overtook" the leading manufacturers in the world
28.09.2011 2106

Nike "overtook" the leading manufacturers in the world

The American company Nike, a world famous manufacturer of sports shoes and clothing, reported for the first quarter of the current fiscal year. Against the backdrop of global financial instability, the sports company is reporting an increase in sales volumes, the profit of which on 31 of August 2011 of the year increased by 15%.

The first quarter of 2011 - 2012 of the fiscal year turned out to be difficult for many manufacturers, especially American and Japanese, but not for Nike. The sports manufacturer has increased its profit margin to $ 645 million, which is a percentage equivalent to 15% growth. This development exceeded all expectations of Wall Street analysts and 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 35% profit.

Among the "profitable" were the American, Chinese and Indian sales markets, where, unlike the West European, there is a steady increase in demand for Nike products. So, after recalculation 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 clothing, reported for the first quarter of the current fiscal year. Amid global financial instability ...

Latest News

The main model of the Prada Spring-Summer 2021 collection is the cat-heel shoes

On Thursday, the show of the new collection of the Italian luxury brand Prada took place, which was held as part of the Milan Fashion Week in the online format. In addition to the new format, the show was also intriguing by the fact that the first collection was shown on it ...
25.09.2020 39

Сrocs releases Jibbitz calendar for brand fans

The American brand of clogs Crocs is able to attract and retain the attention of consumers. The brand's famous marketing campaign is the Crocs month celebration in October. This year, fans of the brand are invited to celebrate the so-called crocktyabr ...
24.09.2020 39

Adidas Originals adds shine to three of its iconic sneakers

Following the collaboration between Timberland and Jimmy Choo, shoes with glittering Swarovski crystals have appeared in the Adidas Originals collection. The German brand decided to adorn three of its iconic Superstar sneakers with crystals, ...
24.09.2020 96

Hermes to open a new leather goods factory in France

The new Hermes factory will open in France in the Auvergne region and will be the seventh leather hub for the French luxury brand. By 2025, 250 new jobs will be created in Auvergne.
24.09.2020 166

Infoline: The audience of active Internet buyers in Russia has grown by 12 million people.

Infoline analytical agency has counted the audience of active Internet buyers in Russia. According to Ivan Fedyakov, General Director of Infoline, it is 63 million people, which corresponds to the number of economically active ...
24.09.2020 155
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning