Nike said will rise in price considerably from the year 2012

The world's largest sneakers and sportswear maker Nike Lunar said yesterday, from the year 2012 will rises in price considerably, to reflect the petroleum, cotton, wages and transportation cost the company's profit climbed erosion.
Cheap Nike Lunar cfo Blair held a few days ago in a conference call to analysts say: we anticipated adverse factors may continue, from the year beginning in 2012, we will increase the price of a series of products. Nike expectations, the production cost increase on profits in this season of pressure even bigger.
Oak brook robust investment company fund managers snow say: this proof repository production costs have hurt the profits, auspicious resistance of the entire year Nike Lunar Glide margins will suffer heavy pressure.
Nike announced, February in the third quarter of the year unseasonable profit increase 5.2% to 5 billion $23 million, equivalent to $1.08 per share, higher than in the same period of 4 billion past 9700 million dollars or $1.01 per share, but is still less than analysts expected $1.12 per share on average.
JiYing accept increased 7.3% in up to 50 million; $80 million Nike store same-stores sales is increased 13%.
The decline in the third quarter gross margin to 1.1 percent, main 45.8% adding outside, except the production cost increased to meet consumer product air also make lower earnings. Nike expected gross margin this quarter than last year by 3 percentage points, falling margins after prices but started to the pressure decreases.
In the third quarter sales growth Nike spread does not mean, North America and China's sales increased 9% and 21%, respectively, but in Western Europe in Japan, reduce 2% reduced 8%.