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Nike recover funds 
By chinacheapshoes on Dec 12, 2012 08:27 AM
We first of all concerned about the fate of several fashion sports brand. Europe and the United States the economic downturn, and various consumer goods industries, life is not easy, and even some industry leaders also spared. Like the recent month, the sporting goods giant Nike on a series of sell two brands of its Umbro and Cole Hann.

On November 16, the world-famous sporting goods manufacturer Nike announced its operating shoes, bags, fashion brand Cole Haan sold to a private equity firm Apax sells for $ 570 million. Few weeks ago, wholesale shoes china Nike just a price of $ 250 million brand Umbro soccer equipment sold to Iconix Group. Nike motives eager to sell its brand is it?

Nike Up to August's stock price, earnings per share is $ 1.23, 1.3 a few dollars in the same period last year, a decrease of about 10%, the same period Adidas net profit growth of about 10%, cheap jordan shoes this Nike's board of directors or pressure.

Umbro and Cole Haan after the sale, I think it will be short-term, because its products will be spending a lot of marketing costs, it costs the province, and at the same time because the sale of the business will get a cash flow realized be it short-term ,cheap nike air max 90 this year's financial statements for the formation of a very good upgrade, to ease their pressure.

The last fiscal quarter of the 2012 fiscal year, Nike's net profit year-on-year decline of 7.6%, the seventh consecutive quarter of gross margin decline, a 23% increase in product inventory. In fact, such a pressure on the stock this year also occurred in the majority of the body of the garment enterprises. Read more on: www.topcheapbrands.com


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