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In another partnership attempt, Nike has introduced a new basketball store with Foot Lockers called “House of Hoops,” in an attempt to show how U.S. athletic retailers may sustain the interest of shoppers (Cheng).
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Compare to the 12% growth rate of revenue during 2004-05, Nike had suffered from the recession of mature footwear market. Nike predicts that company will maintain less than 10% revenue growth rate for next four years and hopefully will reach 18 billion at 2008. In net income part, Nike increased its net income from 1.4 billion to 1.5 billion from 2006 to 2007 and will reach 2 billion at 2011. Its owners whom truly believe that Nike is not a fashion brand fiercely defend the brand.
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