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Nike leans harder on Vietnam for shoes

July 25, 2012 at 3:19 PM   |   Comments

BEAVERTON, Ore., July 25 (UPI) -- U.S. sportswear firm Nike Inc. said in a regulatory filing it is relying a bit more on Vietnam as a manufacturing base.

Nike said 41 percent of its footwear is now made in Vietnam, with 32 percent made in China and 25 percent in Indonesia.

For its 2012 fiscal year, Nike moved its manufacturing slightly toward Vietnam and Indonesia, while pulling back slightly in China. Smaller percentages of the firm's footwear are made in Argentina, Brazil, India and Mexico, The (Portland) Oregonian reported Tuesday.

Although its shoes are made elsewhere, 42 percent of the company's revenue comes from U.S. sales.

The company said North American revenue jumped 17 percent in fiscal 2012. Sales also grew 18 percent in Greater China and 26 percent in emerging markets, the filing said.

The company employs about 7,000 workers at its Beaverton, Ore., headquarters. Last year, its workforce rose from 38,000 to 44,000, the filing revealed.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
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