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Nike Asia Growth Outpacing Nike US Growth

Nike in Asia Outpacing US Growth, who actually wins this race... For those of you keeping your eye on the international growth of fashion... Here are some numbers to crunch. I just thought it was interesting to see a 2 percent growth in US and 22 percent in Asia Pacific.

U.S. During the first quarter, U.S. revenues increased 2 percent to $1,638.4 million versus $1,601.9 million for the first quarter of fiscal 2007. U.S. athletic footwear revenues increased 4 percent to $1,119.9 million. Apparel revenues decreased 1 percent to $428.0 million. Equipment revenues declined 1 percent to $90.5 million. U.S. pre-tax income declined 2 percent to $347.3 million.

Europe

First quarter revenues for the European region grew 16 percent to $1,477.7 million from $1,270.9 million for the same period last year. Changes in currency exchange rates increased revenue growth by 7 percentage points. Footwear revenues increased 17 percent to $791.9 million. Apparel revenues grew by 16 percent to $567.0 million and equipment revenues increased 14 percent to $118.8 million. Pre-tax income increased 21 percent to $375.5 million.

Asia Pacific

In the first quarter, revenues in the Asia Pacific region grew 22 percent to $630.8 million compared to $518.4 million a year ago. Changes in currency exchange rates increased revenue growth by 2 percentage points. Footwear revenues were up 25 percent to $332.1 million, apparel revenues increased 20 percent to $240.5 million and equipment revenues grew 13 percent to $58.2 million. Pre-tax income increased 52 percent to $159.5 million.

The above is based on first quarter ending August 31sth, 2007. I have grabbed above from a Nike press release. Above is obviously only portion of the story. For full details, please visit their site to read the news...

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