Mardi 29 mars 2011

NEW YORK: Nike plans to raise

NEW YORK: Nike plans to raise the prices on its shoes and sports clothing markedly in 2012 to cope with the rising costs of oil, cotton and transportation that are hurting its nike outlet The shares in the world??s largest athletic shoe and clothing maker plunged 7 percent on fears that already stretched margins will come under even greater pressure this year and next. It reported a lower-than-expected quarterly profit on Thursday, hurt by rising production costs. The company expects margin pressures to persist this year, intensifying in the current quarter. ??This is evidence that rising input costs are hurting Nike??s profit,?? said Giri Cherukuri, a portfolio manager with OakBrook Investments, which owns Nike shares. ??Nike??s margins will be under pressure for the rest of the year.?? To contend with that, Nike executives said the company would ramp up and broaden its price increases. Gross margins, which slipped 1.1 percentage points to 45.8 percent during the third quarter, were further hurt by the greater use of air freight to ship products and meet consumer demand. The company said there had been some product shortages and that suppliers would increase their capacity. Nike forecast its gross margin during Air Max Griffey current quarter will be 3 percentage points below year-earlier levels, but that pressure on margins would ease later in the year as price increases kick in. ??Beginning in spring 2012, we??ll take more significant price increases across a broader range of styles,?? Chief Financial Officer Don Blair said on a conference call. Blair said Air Max 360 the call it was too early to know how the crisis in Japan might affect its business in that country, which accounted for 3.8 percent Air Max 180+ third-quarter sales. Net income in the fiscal third quarter rose 5.2 percent to $523 million, or $1.08 a share, compared with $497 million, or Air Max 2011 cents a Air Max LTD in the year-earlier cheap nike shoes was below analysts?? average expectation of $1.12 per share, according to Thomson Reuters I/B/E/S. The company??s shares fell $5.81, or 6.8 percent, to $79.60 following the earnings report, after closing at $85.41 on the New Air Max Light Stock Exchange. Revenue in the quarter ended February 28 rose 7.3 percent to $5.08 billion and comparable sales at Nike stores rose 13 percent. Future orders, excluding currency exchange rates ?? a key measure of sales growth ?? rose 9 percent, in line with the estimates of several Wall Street analysts. UBS analyst Michael Binetti had expected 10 percent growth and added he believed investors were looking for an increase of 8 percent to 9 percent. McAdams Wright Ragen forecast growth of 8 percent to 9 percent, while Barclays Capital was at 7 percent to 9 percent and Citi at about 8 percent. Orders for Nike brand shoes and apparel scheduled for delivery from March through July 2011 totaled $7.9 billion. By region, revenue in Nike??s largest market, North America, increased 9 percent to $1.84 billion, while sales in emerging markets and greater China rose 19 percent and 21 percent, respectively. Japan was the only market where sales fell, sliding 8 percent. Air Max 2009 Air Max 2010 Air Max 2011 Air Max Griffey
Par adjy2010 - 1 commentaire(s)le 29 mars 2011

Nike has a market cap of $29.9 billion

Nike has a market cap of $29.9 billion and is part of the consumer goods nike outlet and consumer non-durables industry. Shares are down 11.7% year to date as of the close of trading on Tuesday. NIKE, Inc. designs, develops, and markets footwear, apparel, equipment, and accessory products for men, women, and children worldwide. The company offers footwear in the categories of running, training, basketball, soccer, sport-inspired casual shoes, and kids' shoes. The company has a P/E ratio of 18.2, equal to the average consumer non-durables industry P/E ratio and above the Air Max 95 500 P/E ratio of 16.1. TheStreet Ratings rates Nike as a buy. The company's strengths can be seen in multiple areas, such as Air Max 97 revenue growth, largely solid financial position with reasonable debt levels by Air Max 2010 measures, solid stock price performance, growth in earnings per share and Air Max 90 Air Max 1 levels. cheap nike shoes the company may harbor some minor weaknesses, we feel they are unlikely to have a Air Max 2009 impact on results. You can view the full Nike Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options. Air Max 2009 Air Max 2010 Air Max 2011 Air Max Griffey
Par adjy2010 - 0 commentaire(s)le 29 mars 2011

Michael Jordan tells UNC air max players to take

During North Carolina's opening weekend at the NCAA tournament, several players were wearing Kobe Bryant's Nike shoes. That didn't sit well with former UNC player Michael Jordan. Michael Jordan jokingly told North Carolina players to take off their Kobe shoes or he'll rip them off. CAPTIONBy Gerry Broome, AP And so he told the players just how he felt upon meeting them outside the Time Warner Cable Arena as the team left to get on a cheap nike shoes following practice on Saturday. "Next time I see you wearing those Kobe Bryants, I'm gonna take it right off," air jordan shoes told a group of Tar Heels that included Tyler Zeller, John Henson, Kendall Marshall and others. "I don't care if your feet kill you, you're gonna wear them Jordans." WRAL in Raleigh captured video of the conversation. Jordan, upon learning that the team wasn't sent the latest Jordan XI Cool Greys, tells the team, "You get to the Final Four you got anything you want." No one hurt in BP robbery A BP convenience store was robbed Friday night, Jackson police said, but no injuries were reported. Two employees were working at the 56 Kenworth Blvd. store when a robber armed with a black handgun ran into the store a little after 10 p.m., according to a Saturday news release. The man demanded money and Newport cigarettes before escaping with the items, which he placed in his backpack, Lt. Tyreece Miller said. Police declined to release the amount of money stolen. The robber was described as a tall, slender, black male with a dark complexion, He wore a green toboggan, camouflage mask, black sweater, khaki pants and black Nike tennis shoes. He also carried a "Ninja Turtle" backpack. Anyone with information is asked to contact the Violent Crimes Unit at the Jackson Police Department at 425-8400 or Crime Stoppers at 424-8477 (TIPS). To submit a cyber tip, visit and click on "Web Tips." NWS: Small hail reported Some small hail was reported in West Tennessee as storms swept through the area Saturday, but no damage was reported. Hail no greater than air max half inch in size fell in the morning and afternoon, said National Weather Service Meteorologist Marlene Mickelson. Less than an inch of rainfall was reported in West Tennessee, Mickelson said. Madison CAN will become madisonAchieves Jackson Mayor Jerry Gist and Madison County Mayor Jimmy Harris have announced plans to merge Madison CAN (College Access Network) with the East Tennessee-based program tnAchieves. Madison CAN was organized in August to provide "last dollar" funding and college access and assistance for seniors in Madison County's public high schools, according to a news release. The program is modeled after nike outlet County's program, knoxAchieves. KnoxAchieves used funds from a $904,000 grant from the Tennessee Higher Education Commission to launch tnAchieves in January, the release said. TnAchieves seeks to assist at least 15 counties by fall 2012 and has already committed to fund programs in Fentress, Hancock and Scott air jordan 2 of 2) Madison CAN will be renamed madisonAchieves but otherwise will continue to follow its commitment to combine "last dollar" funding with community-based advisers to eliminate the barriers students face in going to and succeeding in college. The Jackson Area Chamber of Commerce has committed to fund the scholarships in Madison County through 2012, but tnAchieves is pursuing grants to supplement those scholarships, the release said. Madison CAN's cap per student is currently $2,000 per year, while Knox County's cap is $3,000, and tnAchieves aims to level the field. Applications for madisonAchieves are available in the guidance departments of all five high schools. For more information about madisonAchieves, contact Madison CAN Executive Director Linda Austin at 513-1445 or Roadwork, lane closures begin today on I-240 MEMPHIS ?? Travelers should expect construction and lane closures on Interstate 240 in Shelby County as a widening project gets under way this week. Crews will close one lane on I-240 East from 8 p.m. to 6 a.m. today through Thursday as they begin installing concrete barrier rails, according to the Tennessee Department of Transportation. Future lane closures for the project also will be conducted during the evening hours and on weekends. For more information about TDOT construction project activity, visit, dial 511 from any landline or cell phone, or follow TDOT on Twitter at Donation fund created for Milan accident victim A fund has been established for donations after a Milan man was injured in a car accident earlier this month. Ricky White is in stable but critical condition at the Regional Medical Center in Memphis, according to a news release. A fund has been set up in his name at Regions Bank. Anyone who would like to help White's family may make a deposit at any Regions Bank location. Zumbathon to fund playground improvements The "Feel the Beat!" Zumbathon today will help raise awareness and funds air max shoes playground improvements at West Tennessee School for the Deaf. Instructor Hope Graves will lead the Zumbathon, which will be held from 2:30 to 4:30 p.m. in the gym at West Tennessee School for the Deaf, 100 Berryhill Drive. The fee to participate is $11 per person. For more information about the school or to help with playground improvements, call Principal Kristi Lindsey at 423-5705. Graves also teaches community Zumba classes at the school in the evenings and on weekends. To learn more, visit Air Max 90 Air Max 95 Air Max 97 Air Max 1
Par adjy2010 - 0 commentaire(s)le 29 mars 2011
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