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[Chinese shoes network] the world's largest sporting goods manufacturer Nike announced yesterday, adapt to environmental changes in the international market, plans to cut about 5 percent of staff worldwide, the total number of about 1750 people. Nike China's relevant person in charge in an interview with reporters said the cuts in order to maintain the company's competitiveness, plans to cut 1,750 staff, the US headquarters will cut 500, the rest in its overseas factories. At the same time, Nike also and decided to cancel the three in China and one in Vietnam and overseas factories, in order to save money.& nbsp; & nbsp; & nbsp; March 26, Nike announced its financial third quarter ended February 28, 2007 performance. Third-quarter revenue of $ 3.9 billion, $ 3.6 billion compared with the same period last year increased by 9%. Changes in the exc cheap jordan shoes for men hange rate of the third quarter revenue growth of 3 percent. Third-quarter net income rose 8 percent to $ 350.8 million US dollars, compared with $ 325.8 million a year earlier. Diluted earnings per share was $ 1.37, compared with $ 1.24 a year earlier, an increase of 10%. & Nbsp; & nbsp; & nbsp; & nbsp; Nike President and CEO Mark - Parker (MarkParker), said: "Our strong third quarter results with our compelling product portfolio and top. The consumer experience of pre-orders played a beneficial role we will continue to grow, because we are highly innovative, disciplined and maintain close contact with customers "& nbsp;.. & nbsp; & nbsp; & nbsp; pre-orders & nbsp; & nbsp; & nbsp; & nbsp; between March 2007 to July 2007, the global futures orders for a total value of athletic footwear and apparel company plans to deliver 6.0 billion US d Cheap air jordan 12 taxi for sale online free shipping ollars, representing an increase of 9 percent over the same period last year. Changes in currency exchange rates increased by 1 percentage point order. & Nbsp; & nbsp; & nbsp; & nbsp; on a regional basis, futures orders for the US increased 8 percent; Europe (including the Middle East and Africa) grew by 9 percent; Asia Pacific grew 14 percent; The Americas region grew by 2%. Changes in currency exchange rates in Europe and the Asia-Pacific region reported futures orders growth rate increased by two percentage points, while changes in currency exchange rates futures orders growth in the Americas region decreased by 1 percentage point. * & Nbsp; & nbsp; & nbsp; & nbsp; area highlights & nbsp; & nbsp; & nbsp; & nbsp; USA & nbsp; & nbsp; & nbsp; & nbsp; in the third quarter, the US revenue grew 2 percent to $ 1.5 billion US dollars in the cheap jordans for sale third quarter of fiscal 2006 compared to $ 1.4 billion. Sneakers American region revenue increased 2 percent to $ 1 billion US dollars; apparel revenues increased 1 percent to $ 371.3 million; and equipment revenues grew 11 percent to $ 77.8 million. The US $ 286.2 million pre-tax income compared with the same period last year reduced by 2% to $ 280.2 million. & Nbsp; & nbsp; & nbsp; & nbsp; Europe & nbsp; & nbsp; & nbsp; & nbsp; third-quarter revenue in Europe increased 15% to $ 1.1 billion compared with $ 980.1 million dollars, while the same period last year. Changes in exchange rates increased revenue growth by 9 percentage points. Footwear revenues increased 12 percent to $ 630 million; apparel revenues increased 19 percent to $ 413.2 million; and equipment revenues grew 18 percent to $ 81.6 million. Pre-tax income increased 18 percent Retro jordans for sale to $ 246.5 million. & Nbsp; & nbsp; & nbsp; & nbsp; Asia Pacific & nbsp; & nbsp; & nbsp; & nbsp; in the third quarter, Asia Pacific revenue of $ 589.9 million, compared with last year $ 532.3 million over the same period increased by 11%. Changes in exchange rates increased revenue growth by 3 percentage points. Footwear revenues increased 12 percent to $ 319.4 million; apparel revenues increased 9 percent to $ 217.4 million; and equipment revenues grew by 8% to $ 53.1 million. Pre-tax income increased 6 percent to $ 126.4 million. & Nbsp; & nbsp; & nbsp; & nbsp; American region & nbsp; & nbsp; & nbsp; & nbsp; the Americas region revenue of $ 212.5 million, compared with 203.1 million a year earlier US dollars increased by 5%. Where exchange rate fluctuations did not have a significant impact on revenue growth. Footwear revenues increa Cheap air jordans for sale sed 6 percent to $ 152.8 million; apparel revenues declined 5 percent to $ 42.3 million; and equipment revenues grew 16 percent to $ 17.4 million. Pre-tax income was $ 40.7 million, an increase of 6%. & Nbsp; & nbsp; & nbsp; & nbsp; other departments & nbsp; & nbsp; & nbsp; & nbsp; in the third quarter, including those from ColeHaanHoldingsIncorporated, ConverseInc, ExeterBrandsGroupLLC, HurleyInternationalLLC, NIKEBauerHockeyInc. . and other segment revenues NIKEGolf of $ 522.7 million, compared with $ 454.5 million the same period last year increased by 15%. & nbsp; & nbsp; & nbsp; Pre-tax income for the third quarter increased by 53 percent to $ 68.4 million. & Nbsp; & nbsp; & nbsp; & nbsp; earnings report before & nbsp; & nbsp; & nbsp; & nbsp; The company's third-quarter gross margin was 44.2%, while last year compared with 43.6% cheap foamposites over the same period. & Nbsp; & nbsp; & nbsp; & nbsp; sales and administrative expenses in the third quarter, the proportion of revenue was 31.7%, compared to 30.1% a year earlier. Third quarter results included $ 17.8 million related to stock option expenses (excluding taxes), this fee so diluted earnings per share decreased $ 0.07. Excluding stock option expense, then the third-quarter net income grew by 13%, while diluted earnings per share grew 16 percent to $ 1.44 per share. & Nbsp; & nbsp; & nbsp; & nbsp; The effective tax rate for the third quarter fell to 32.3%, mainly attributable to the European tax agreement, which was completed in the second quarter of fiscal 2007, and retrospective reconstruction of US R & D tax credits in December to sign into law. & Nbsp; & nbsp; & nbsp; & nbsp; balance sheet valuation & nbsp; & nbsp; & n cheap jordans for sale mens bsp; & nbsp; at the end of the quarter, the global inventory value of $ 2.2 billion, compared with 2006 On February 28 an increase of 7%. The end of the quarter, cash and short-term investments of $ 2.3 billion, while last year, compared with $ 2 billion over the same period. & Nbsp; & nbsp; & nbsp; & nbsp; share buyback & nbsp; & nbsp; & nbsp; & nbsp; the third quarter, the company repurchased under its four-year $ 3 billion stock repurchase program repurchased 906,700 shares of common stock, valued at approximately $ 91 million. The plan in June 2006 approved by the Board of Directors. & Nbsp; & nbsp; & nbsp; & nbsp; stock splits & nbsp; & nbsp; & nbsp; & nbsp; February 15, 2007, the Board announced that the company Nike Class A and Class B common stock a change two stock split plan, which will be 100% of the ordinary shares in the fo cheap jordans online rm of dividends to achieve. All registered at March 12, 2007 close of business on shareholders per common share on March 12 holdings are a further obtain one ordinary share. The common shares of stock will be segmented April 2, 2007 distribution. Information related to stock and earnings per share does not reflect this split. Information reflecting the stock split will be released after the dividend distribution. & Nbsp; & nbsp; & nbsp; & nbsp; NIKE, Inc. based near Beaverton, Oregon, is the world's leading high-quality athletic footwear, apparel, equipment and accessories designer, marketer and Distributor for all types of sports and fitness activities. Wholly owned Nike subsidiaries include: leading luxury shoes, handbags, accessories and coats design and marketing company ColeHaanHoldingsIncorporated; design, sales and distributes athletic Retro jordans for sale footwear, apparel and accessories for the value retail channel ConverseInc .; designs and markets athletic footwear Classes and clothing ExeterBrandsGroupLLC; design, markets and distributes action sports and youth lifestyle footwear, apparel and accessories HurleyInternationalLLC; and a leading designer and distributor of hockey equipment NIKEBauerHockeyInc ..from New York fashion brand Public School MR PORTER before hand in hand to cooperate, create a new note by the other series. 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Nike trademark footwear and apparel global orders in June 2013 to November shipments rose 8%. This indicator is used to measure future demand for Nike. Nike by far the largest of the North American market in the future orders grew 12 percent, to quell Wall Street may not be maintained in the region in recent quarters the pace of growth concerns. "It had a very worried the North American market will slow down, but that did not happen. North American market continues to show tremendous growth," Edward Jones analyst Brian Yarbrough told Reuters. But in the Chinese market, excluding the impact of exchange rate fluctuations, orders following flat growth in the previous quarter, disappointing; investors had thought the previous quarter, Nike's business in China has finally been improved. Nike brand sales in China accounted for about 11%, but accounted for 22% of company profits. Nike faced with excess inventory and peers to cut prices to grab troubled looking to do business in the Chinese market, is trying to improve the local business. "to revive the business requires discipline and patience. The game in the Chinese market is a marathon, not a sprint," Nike CEO Mark Parker told investors. As the quarter ended May 31, the company profit $ 668 million, earnings per share together (EPS) $ 0.76, a year earlier was $ 549 million and $ 0.6. / B / E / S, EPS than Wall Street analysts had estimated higher than $ 0.02, according to Thomson Reuters I. Nike's gross margin increased by 1.1 percentage points to 43.9 percent, after falling for two years for the second consecutive quarter to rise, thanks to the earlier decline in cotton prices and costs. Overall revenue rose 7.4% to $ 6.7 billion, slightly higher than expected. (Chinese shoes Network - the most authoritative and most professional Footwear News)