
US sportswear firm Nike Inc. said in a regulatory filing it is relying a bit more on Vietnam as a manufacturing base. Nike said 41 percent of its footwear is now made in Vietnam, with 32 percent made in China and 25 percent in Indonesia. For its 2012 fiscal year, Nike moved its manufacturing slightly toward Vietnam and Indonesia, while pulling back slightly in China. Smaller percentages of the firm's footwear are made in Argentina, Brazil, India and Mexico, The (Portland) Oregonian reported Tuesday. Although its shoes are made elsewhere, 42 percent of the company's revenue comes from U.S. sales. The company said North American revenue jumped 17 percent in fiscal 2012. Sales also grew 18 percent in Greater China and 26 percent in emerging markets, the filing said. The company employs about 7,000 workers at its Beaverton, Ore., headquarters. Last year, its workforce rose from 38,000 to 44,000, the filing revealed.
GMT 22:53 2018 Thursday ,13 December
Indian Minister of Trade meets with UAE Ambassador, Chairman of Emaar PropertiesGMT 13:41 2018 Thursday ,06 December
Tyre maker Continental opens lab to extract rubber from dandelionsGMT 15:23 2018 Friday ,30 November
Paper industry around famous Chinese lake to be shut down by 2019GMT 11:13 2018 Sunday ,18 November
Electricx 2018 kicks off with participation of over 20 countriesGMT 16:34 2018 Tuesday ,13 November
Amazon announces new headquarters in New York and WashingtonGMT 16:51 2018 Monday ,12 November
Egypt's exports to Nile basin countries reached EGP 19.9 bln in 2017: CAPMASGMT 08:11 2018 Friday ,09 November
Kaspersky Lab CEO suggests replacing cybersecurity with 'cyber-immunity'GMT 14:00 2018 Thursday ,08 November
Namibian enterprise endeavours to seize opportunities at China import expoMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor