VivaTech takes the stage as the world's leading event for tech and startups
19 Jun 2023 18:33
Nike has disclosed their results for their 2018 fiscal year. According to the Beijing newspaper, Beijing Business Today, Nike’s business revenue in Greater China for the financial year is USD5.134bn, which is an 18% year-on-year growth if the currency exchange rate maintains parity. It is also the 16th consecutive season that Nike has achieved double-digit growth in the Greater China area.
For the global market, Nike also achieved an overall increase of 6%, having a total revenue of USD36.397bn.
Last year, Nike opened their largest Nike experience store in the Greater China region in Beijing’s Zhongguancun. It also joined forces with sportswear retailer Pou Sheng International to open the largest Jordan flagship store in Asia at the Beijing Shimao Tianjie. At the same time, Nike has not neglected their Chinese online channels. In August 2017, Nike ranked #1 in terms of sales quantity among all sportswear brands on Alibaba’s Tmall.com.
Source: Beijing Business Today
Proofread by Raymond Fitzpatrick
Related coverage
Nike to provide customized jersey design for Beijing Sinobo Guoan
15 Nov 2018
New Balance rolls out its new platform in China
03 Jul 2015
Shanghai Marathon extend Nike deal
04 Feb 2016
27 Dec 2015
NIKE sign up Chinese top point guard Fang Shuo
08 Apr 2018
More from Yutang Sports
Meet the world-class speakers on SportAccord’s Plenary sessions
23 Feb 2024
Discover the SportAccord Summit sessions!
31 Jan 2024
SportAccord scores Summit touchdown with NFL
18 Jan 2024
SportAccord Welcomes Return of Principal Media Partner Yutang Sports
01 Feb 2024
Interview with Nicolas Maurer: Becoming Mainstream and at the Forefront of French Esports Industry
04 Oct 2023
Yutang Sports
loading...