Nike expects $1 billion China sales in year
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Nike Inc  sales in China are growing at over 50 percent annually and will reach $1 billion within a year, making the mainland its second largest market globally, Chief Executive Mark Parker said on Thursday.
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Nike Inc.  is committed to  expanding its business in Indonesia, despite a decision to  scrap contracts with two of its suppliers, a company director  said on Tuesday.
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Taiwan slapped a T&#36;1 million (US&#36;30,000) fine on Nike Inc. on Thursday for a 90-second appearance on stage by basketball legend Michael Jordan for what the sports gear giant had said would be a one-hour show.
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China is to strengthen controls on TV advertising to avoid affronts to national dignity after a row over a Nike ad campaign.
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Honeywell, the U.S.  avionics-to-antifreeze conglomerate, will beat its own target  for $1 billion of China sales in 2005 as it expands aerospace  manufacturing there, its country chief said on Thursday.
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Nike Inc. NKE.N, the world's No.   1 sport shoe and apparel maker, said on Thursday that quarterly   net profit fell 13 percent as stock-based compensation weighed   on results, but the results topped Wall Street estimates.
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Nike Inc.  said on Thursday its second quarter earnings rose, boosted by strong demand in the United States and overseas for its namesake athletic shoes and Converse sneakers.
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From soccer to Converse to China, Nike plans to dominate its game.
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Nike Inc. (NKE.N: Quote, Profile, Research) on Monday reported a 25 percent rise in quarterly profit, topping Wall Street estimates, on strong sales of Converse sneakers
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Nike Inc., the world&#39;s largest shoemaker, on Thursday said its profit grew 46 percent in the second quarter as its sales gained traction in the US, Chinese, Russian and Turkish markets.
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The world's top athletes are paid to peddle Nike gear.
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Nike Inc. , the world's No.  1 sport shoe and apparel maker, said on Thursday that quarterly  net profit fell 13 percent as stock-based compensation weighed  on results, but the results topped Wall Street estimates.
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The chairman of German sportswear manufacturer Adidas-Salomon said he was expecting massive growth in the brand's sales in China ahead of the 2008 Beijing Olympics.
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Nike yesterday reported record second-quarter earnings of nearly $262 million as a weak dollar helped overseas sales, while domestic orders rebounded.
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Nike Inc. NKE.N, the world's  largest athletic shoe company, on Monday reported a 25 percent  rise in quarterly profit, beating analysts' estimates, on  growing demand for its namesake products in the United States.
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China has kicked up a stink over a Nike footwear advertisement in which U.S. basketball star LeBron James takes on and subdues a series of traditional Chinese characters ranging from a cartoon kung fu master to a couple of dragons.
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China&#39;s information technology industry is expected to see a sales revenue of $322.3 billion in 2004, up 42.3 per cent year-on-year, becoming the country&#39;s leading driver for economic growth, a report said.