Nike & Crocs lead growth path for footwearWednesday, 28 March 2012
Apparel footwear companies seem to be doing well despite rising
product costs, highlight analysts from www.shinesrooms.com. Nike Inc. recently outsmarted the market´s estimates with a 15 percent increase in fiscal third quarter revenues, driven by stronger sales.
Revenues in greater China and North America for the athletic shoe maker showed impressive double digit growth of 25 and 17 percent respectively.
The approaching London Olympic Games could provide a boost in coming quarters, as the Olympics is a great stage to showcase and launch new products or inventions, experts from Shine´s Rooms advance in their last note to investors.
Elsewhere, a company which seems focused on expanding its footprint with new designs is Crocs Inc. New lines of wedges, flats and boat shoes helped push last year's sales past the $1 billion mark, with annual sales growing 27 percent.