NIKE to Double Annual Revenue in Greater China by 2015

NIKE, Inc. will have the annual revenue of its operations in greater China double the level for 2010 fiscal year in 2015, according to Craig Cheek, vice president of Nike, Inc. and general manager of Greater China for NIKE, Inc.

Nike's revenue in Greater China for the 2010 fiscal year (between June 1, 2009 and May 31, 2010) exceeded 1.7 billion U.S. dollars.

The world' s leading sport goods supplier has officially opened its largest logistics center in Asia. The center' s business covers garments, footwear, sports gears and golf products. The center will begin to deal with footwear orders in April, sources with the Nike Sports (China) Co., Ltd. said Wednesday.

The new logistics center started dealing with garment orders from the Chinese mainland on a trial term in mid 2010.

Located in Taicang of east China' s Jiangsu Province and covering a floor space of 200,000 square meters, the center is Nike' s seventh logistics center and the second largest one worldwide.