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Nike intends to raise product prices sharply in 2012 said bullish on the Chinese market
Nike's "fans" attention, because of rising cost pressure damage profitability, Nike planned to raise product prices sharply in 2012.

According to foreign media reported recently, Air Shoes in 17 report, by production cost, quarterly profits rise damage below expectations. Therefore, Nike plan dramatically increase in 2012 the shoe and clothing product price, in response to rising petroleum, cotton and transportation costs.

Arcane grams holding Nike stock investment company portfolio managers brook, says jiri obvious, the rising costs of Nike is weakening profits. Running Shoes profit margins will in 2011, the rest of the time continuous pressure.

In order to deal with the matter, Nike executives say, this company will increase and to expand its efforts commodity prices rise. Nike's chief financial GuanBu Lyle in a conference call, will in the broader confirmation on the commodity more style greatly increase in fuel prices.

Blair said judge Japan for the company crisis may impact of Japanese business taking-off, the Japanese market level still account for its third quarter in the proportion of sales for 3.8%.
Prices first take shoes and clothing operation

Nike American headquarters spokesman Marie rem this this morning said when accepting a reporter to interview, Nike the increases will spring in 2012, first officially began to footwear and apparels product widespread to raise prices, and the increases in the global scope may want.

Mary says, Nike will be in the next few quarters in prices within the product style, price and the market price products involved were evaluated. Judge these areas after prices increase of short-term financial status whether long-term growth and market competitiveness, and influence.

Mary said, Chaussures Sports continued bullish on the Chinese market, the expected future will provide double-digit growth rate. The third quarter of the year, Nike sneakers, running shoes, men's training and extreme sports products sales into double-digit growth, revenues rise 18%, profit is as high as 21%.

Mary said, in this quarter, Nike will open logistics center in China, is the largest and most complex, one of the most sustainable logistics center.

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