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.
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.
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.
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...