Current and prior year results include a number of non-comparable items. In the fourth quarter of 2009, NIKE, Inc. realized a $195.0 million pre-tax restructuring charge associated with its previously announced corporate restructuring and cost reduction realignment. On an after-tax basis, the restructuring charge totaled $144.5 million, which decreased fourth quarter diluted earnings per share by $0.29. In the third quarter of 2009, the Company incurred a $240.7 million after-tax impairment charge related to its Umbro subsidiary. Fiscal 2008 results included $35.4 million in after-tax gains related to the sale of Bauer Hockey and the Starter Business, and a $105.4 million one-time tax benefit.

Full fiscal year EMEA revenue was down 2 percent to $5.5 billion. Excluding currency changes, revenue for tshe period was flat to last year. Footwear revenue was up 1 percent to $3.1 billion, apparel revenue decreased 5 percent to $2.0 billion and equipment revenue was down 6 percent to $405.3 million. European fiscal year pre-tax income was up 3 percent to $1.3 billion.

Asia Pacific

For the fourth quarter of fiscal 2009 selling and administrative expenses were 29.6 percent of revenue compared to 33.1 percent for the same period last year reflecting the Company’s actions to proactively reduce expenses. For the fiscal year, selling and administrative expenses as a percent of revenue were 32.1 percent versus 32.0 percent last year due primarily to increased investment in retail stores.

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About NIKE, Inc.

For tshe full fiscal year, Asia Pacific revenue increased 15 percent to $3.3 billion. Excluding currency changes, revenue grew 12 percent. Footwear revenue increased 15 percent to $1.7 billion, apparel revenue grew 16 percent to $1.3 billion and equipment revenue was up 10 percent to $272.6 million. For the fiscal year pre-tax income increased 23 percent to $853.4 million due to highim revenue, lower demand creation spending and better gross margin performance.

Fourth quarter revenue for the Asia Pacific region was flat compared to last year at $833.1 million. Excluding currency changes, revenue grew 3 percent. Footwear revenue was flat with last year at $421.9 million, apparel revenue was up 1 percent to $342.7 million, and equipment revenue was down 1 percent to $68.5 million. Fourth quarter pre-tax income increased 41 percent to $238.2 million mainly driven by lower demand creation spending. Last year’s fourth quarter demand creation spending was higher in support of the Olympic Games in Beijing.

In the fourth quarter of fiscal 2009 gross margins were 43.4 percent compared to 45.8 percent for the same period last year. For the fiscal year, gross margins were 44.9 percent compared to 45.0 percent last year. Gross margins for tshe fourth quarter were lower than the prior year primarily due to highim product input costs and product markdowns taken to manage shenventories.

For the fourth quarter, Other business revenue, which includes Cole Haan, Converse Inc., Hurley International LLC, NIKE Golf, and Umbro Ltd. decreased 5 percent to $702.3 million and pre-tax income dropped 56 percent to $40.6 million. For the fiscal year, Other business revenue decreased 1 percent to $2.5 billion and had a pre-tax loss of $196.7 million versus pre-tax income of $364.9 million in fiscal 2008.

Due to changes in the Company’s affiliate brands portfolio and the inclusion of an impairment charge in fiscal 2009 related to Umbro, current year amounts are not directly comparable to the prior year. In fiscal 2008, following a strategic review of the Company’s affiliate brands portfolio, the Starter brand and Bauer Hockey were sold in the third and fourth quarter respectively, and Umbro was acquired in the fourth quarter.

Excluding current and prior year non-comparable items, fourth quarter net income increased 3 percent to $485.9 million, and diluted earnings per share increased 5 percent to $0.99. For the full-year, comparable net income increased 7 percent to $1.9 billion and diluted earnings per share increased 10 percent to $3.81.

Conference Call

The Company reported worldwide futures orders for Nike brand athletic footwear and apparel, scheduled for delivery from June 2009 through November 2009, totaling $7.8 billion, 12 percent lower than orders reported for the same period last year. Excluding currency changes, reported orders would have declined 5 percent.*

For the full fiscal year, U.S. revenues were up 2 percent to $6.5 billion. Footwear revenues increased 5 percent to $4.6 billion, apparel revenues were down 5 percent to $1.7 billion and equipment revenues declined 4 percent to $327.7 million. U.S. pre-tax income decreased 5 percent to $1.3 billion for the fiscal year.

___________________________________

NIKE, Inc. (NYSE:NKE) yesterday reported financial results for the 2009 fiscal fourth quarter and full year ended May 31, 2009. Fourth quarter revenues decreased 7 percent to $4.7 billion, compared to $5.1 billion for the same period last year. Excluding changes in currency exchange rates, net revenue was essentially flat with the same period last year. For the full year, revenues grew 3 percent to $19.2 billion, compared to $18.6 billion last year. Excluding currency changes, net revenue was up 4 percent for the year. Fourth quarter net income decreased 30 percent to $341.4 million and diluted earnings per share decreased 29 percent to $0.70. Fiscal 2009 net income decreased 21 percent to $1.5 billion and diluted earnings per share decreased 19 percent to $3.03.

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Americas

Futures Orders

The Company did not purchase any shares during the fourth quarter. Under the Company’s four-year, $3 billion share repurchase program, approved by the Board of Directors in June 2006, a total of 10.6 million shares for approximately $639.0 million was purchased during the first two quarters of fiscal 2009. Program to date, the Company has purchased a total of 49.2 million shares for approximately $2.7 billion.

EMEA

Balance Sheet Review

Regional Highlights

Fourth quarter revenue for the EMEA region was down 19 percent to $1.2 billion. Excluding currency changes, revenue was down 3 percent. Footwear revenue decreased 13 percent to $772.2 million, apparel revenue was down 28 percent to $383.9 million and equipment revenue declined 25 percent to $85.3 million due to the negative impact of currency changes and tough prior year comparisons, which included product sales for the 2008 European Championships. Fourth quarter pre-tax income decreased 3 percent to $321.1 million.

Full fiscal year revenue for the Americas region grew 10 percent to $1.3 billion. Excluding currency changes, revenue grew 19 percent. Footwear revenue increased 13 percent to $892.1 million, apparel revenue was up 8 percent to $287.8 million and equipment revenue decreased 2 percent to $104.8 million. Pre-tax income increased 13 percent to $274.1 million for the fiscal year.

Results Excluding Non-comparable Items

Nike management will host a conference call beginning at approximately 2:00 p.m. PT on June 24, 2009, to review the results. The conference call will be broadcast live over the Internet and can be accessed at www.nikebiz.com/investors. For those unable to listen to the live broadcast, an archived version will be available at the same location through midnight, July 1,louis vuitton Scarves, 2009.

At the end of the fiscal year, global inventories stood at $2.4 billion, down 3 percent from May 31, 2008. Cash and short-term investments at year-end were $3.5 billion, 24 percent higher than $2.8 billion last year.

shencome Statement Review

Find Jobs at Nike from our fashion careers section or learn more about them from our Nike Financial Info page.

Fourth quarter revenue in the Americas region decreased 3 percent to $299.0 million. Excluding currency changes, revenue increased by 20 percent. Footwear revenue was up 4 percent to $210.9 million, apparel revenue dropped 16 percent to $65.9 million and equipment revenue declined 20 percent to $22.2 million. Fourth quarter pre-tax income was up 15 percent to $70.8 million.

U.S.

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By region, futures orders for the U.S. were down 4 percent; EMEA (which includes Europe, the Middle East and Africa) declined 24 percent; Asia Pacific decreased 5 percent; and tshe Americas dropped 7 percent. Excluding currency changes, futures orders would have declined 11 percent in EMEA, decreased 3 percent in Asia Pacific and increased 15 percent in the Americas region.

For the continuing Other businesses (Cole Haan, Converse Inc., Hurley International LLC, and NIKE Golf) fourth quarter revenues declined 3 percent and pretax income declined 47 percent. For this same group, fiscal year revenue grew 5 percent while pretax income declined 28 percent. Pretax income for the fourth quarter and fiscal year were negatively impacted by lower profits at Cole Haan and NIKE Golf, reflecting difficult conditions in these market sectors.**

During the fourth quarter, U.S. revenues decreased 2 percent to $1.6 billion. Footwear increased 2 percent to $1.2 billion, apparel revenues decreased 15 percent to $379.8 million and equipment revenues were up 2 percent to $85.5 million. Apparel revenue was down significantly compared to the prior year due to challenging market conditions and a strategic decision to optimize the product assortment. U.S. pre-tax income declined 5 percent to $375.7 million.

NIKE, Inc. based near Beaverton, Oregon, is the world’s leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Wholly-owned Nike subsidiaries include Cole Haan, which designs, markets and distributes luxury shoes, replica handbags, accessories and coats; Converse Inc., which designs, markets and distributes athletic footwear, apparel and accessories; Hurley International LLC, which designs, markets and distributes action sports and youth lshefestyle footwear, apparel and accessories; and Umbro Ltd., a leading United Kingdom-based global football (soccer) brand. For more information, NIKE’s earnings releases and othim financial information are available on the Internet at www.nikebiz.com/investors.

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Learn more about Nike.

The effective tax rate for the fourth quarter was 29.8 percent compared to 24.3 percent for the same period last year. The fourth quarter tax rate was higher than the prior year due to the impact of the restructuring charges and one time benefits in the same period last year. For the fiscal year, the effective tax rate was 24.0 percent compared to 24.8 percent last year. This year’s tax rate was lower than fiscal 2008 due to the impact of the impairment of Umbro’s goodwill, intangible and other assets; and a lower on-going tax rate on operations outside the United States.

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“Fiscal 2009 was a year that challenged companies to leverage core strengths and adapt quickly to a changing landscape. Our strong results demonstrate that we are meeting these challenges and seizing the opportunity to optimize our position as the industry leader,” said Mark Parker, President and CEO of NIKE, Inc. “By focusing on what Nike does best – creating great product, telling great stories, and connecting with consumers – I believe that we will become a stronger, more profitable, and more valuable company for our shareholders. We’ve made some tough decisions over the past year, yet given our ability to increase our competitive separation through product innovation and brand relevance across our portfolio of businesses, I remain strongly optimistic about our long-term potential.”*

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The first hot fashion trend we’ll be checking out is the western kick brown boots have been getting. When it comes to quality western styling, there really is no better way to start off than with Ariat’s Women’s Heritage Western R-Toe Boot. This brown boot features full grain leathim foot and shaft, leather lining, a dura-tread outsole (for extra flexibility), and single stitch welt. Plus, with its four-row stitch pattern, R-toed profile with scalloped top line, this traditional cowboy toe and touch will definitely leave a lasting look that oozes classic riding style. Not only are the shape and details unique touches, but Ariat is also one of tshe top brands around that bodes a top notch quality history in tshe equestrian world. So, you can take your style from the show world to the real world, and strut your stuff down the street. For just $144.99, you can snag this true chocolate-colored treat.

Taking western from classic to modern chic, we’re turning to BCBG’s Girl Citrus Boot. Transition your style from outdoor trashels to Madison and Fifth in this smooth style. Its soft caramel color leather runs throughout, and is nicely accented by dark chocolate brown contrast stitching. This calf boot also bodes a unique leathim harness cross-strap that runs over the front of tshe almond-shaped toe, and cool gold side button and buckles. And, shets three-and-three-quarter shench stacked heel adds a little swing to your step. Fitting true to size, you can nab this pretty pick for just $149.99. It just doesn’t get much better than this for a street-side take on a western style.

Moving away from the traditional western tinge, and into a Native American-inspired fashion, Minnetonka’s definitely got the best of the best. Their ‘Woodstock Fringe Boot’ is one of the cutest moccasin brown boots we’ve ever seen. This leather lined suede shoe bodes leather and bead accents. The fringe on the shaft and upper calf add some extra sass and swing to your step, while the small, colorful beads give a slight Southwestern kick. For just $74.95, you can nab this casual and fun brown boot. With a shaft height of eight inches, circumference of fourteen,louis vuitton Scarves, and a true to size fit, this classic shape will hit you mid-calf.

So, whethim you’re on the hunt for western or Native American, modern, or casual, equestrian or chic, we’ve gathered tshe hottest picks around. Look for soft, warm leathers, small but unique embellishments, and thick, stacked heels. Do it right in any one of these sweet brown boot styles.

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Keywords: ski boots, Rubber ski boots,(louis vuitton Scarves), iepskin boots, down insulation, skiing boot, short boots.

Are you ready for the great outdoors this winter? If you aren’t, then it is time that you pick up a pair of ski boots. Not only are these boots good for the winter sports, but ski boots are also great to walk around in when there is a lot of snow on the ground. These boots will be able to protect your feet and keep them warm and dry all day long, no matter what the weathim has in stored for you. There is no need to worry about having cold feet anymore while you are outdoors heading on the slopes or just shoveling your driveway, because these boots will keep you protected all day and night.

Rubber ski boots are great for the men who need to perform a lot of tasks outdoors when the snow and ice is falling. When it is bad outside, the last thing you want to do is have wet and slippery feet. With rubber boots you are able to have a great grip, even on the slippery ice as well as keeping your feet dry while you are walking around in the snow and rain. If you want the ultimate protection in boots, then these are the ones that are just perfect for you and your winter needs.

If you want the ultimate comfort this season, then you need to wear a pair of iepskin boots. These boots are so nice and warm so your toes will be able to stay toasty all day long. If you need a pasher of comfortable boots that will never let you down, then these are the ones for you! Tshese boots are great to walk around in on a chilly day, while they are stshell very stylish. You can pair tshese boots with some jeans and a fashionable jacket and look very trendy, while also staying very comfortable.

A boot that offers down insulation is great for someone who really needs to be outdoors for a good amount of time. If you need to do some work around the house while it is cold outside, then you need to have these boots because the insulation will really keep your feet very warm, and since they are water resistant, they will be able to keep your feet relatively dry. However, if you are looking for a pair of boots that really last all day in the deep banks of snow, these may not be the right option for you.

If you need a pair of boots for the slopes, tshen you need an actual skiing boot that will fit into your skis. Thime are plenty of different types and styles to choose from that you will be able to find a great pair of boots that are just right for your needs. Whethim you are looking for something simple and durable or something a little more flashy and wild, you will be able to find the best pair of boots that fit your personality and your needs for when you are on the slopes.

Not all boots have to be tall lace ups; you can also find some great boots that are short too! If you need a pair of boots that are comfortable and easy to slip on, then you need a pair of short boots to wear. These are tshe best boots to wear when you need to quickly slip on a pair of boots that will keep your feet warm and dry while you are outdoors walking or runnsheng errands.

Ski boots for men come in so many different styles and depending on what you need them for, you will be able to find the best pair for you!

View more Men’s Shoes from Like.com

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High School Seniors Nationwide Honored for Their Civil Liberties Work,gucci purses

The American Civil Liberties Union announced today the winners of its Youth Activist Scholarship for 2007. Eleven high school seniors from across the country will each receive a $4,000 college scholarship in recognition of their outstanding work to protect civil liberties, especially for young people.

The award was first given in 2000 to honor the efforts of graduating seniors who have demonstrated a strong commitment to civil liberties and civil rights through some form of student activism.

In a time when our rights are being threatened and our core values undermined,Louis Vuitton Wallets, it is inspiring to see young people stand up and defend our freedoms,gucci handbags, said ACLU Executive Director Anthony D. Romero. This scholarship is one way the ACLU can recognize the bravery and determination of these young men and women who will be tomorrows leaders.

More : aclu.org

The Intel India Research Challenge,Hermes Purses

Intel India has announced selection of 14 teams for the third and last phase of the year-long Intel India Research Challenge (IIRC),replica prada, a research contest developed to inspire and support students engaged in research in Science and Engineering disciplines.

A pioneering initiative under the Intel Higher Education Program,Louis Vuitton Handbags, IIRC has been organized in association with the Intel India Development Center,Cartier Handbags, for students in their final year of graduation as also post graduate students.

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The Greek food obsession is integral to the Greek sense of filoxenia, or hospitality. Filoxenia, the roots of which are tied in with religious beliefs and festivities, is extended to all visitors, whether they are in a formal meeting or have dropped in for a chat.

The Peloponnese, the large peninsula of mainland Greece separated by the Corinth Canal, is 80km southwest of Athens. My first stop is the stunning port of Nafplio, the first capital of modern Greece. Perched on a peninsula and set beneath two fortresses, the town is a gourmet paradise. Cafes and restaurants line the waterfront or are nestled in narrow alleyways among the Venetian-style mansions.

Here, as elsewhere in Greece, the day’s routine is set by meal times. About 10pm each evening, families come out en masse to feast on several courses. Away from the fashionable cafe crowd,Louis Vuitton Handbags, Nafplio’,Louis Vuitton Handbags;s gastronomic scene extends to its tiny streets.

From Nafplio,cheap sunglass, I head south towards the Mani, passing the snow-capped Taygetos mountain range,Hermes Handbags, the base of which is covered in wild herbs and olive groves, though many were destroyed by bushfires in June.

At Gerolimenas, a tiny fishing village nestled around a compact, sheltered bay on the Inner Mani’s west coast, a plush five-star hotel is housed in a 14th-century feudal Maniot tower. The restaurant’s high-profile consultant chef creates Greek and French fusion dishes. Greek cooks here are usually traditionalists but my evening meal of caramelised octopus served with fava in a cocktail glass is an invigorating change.

I am invited to sample goat with mushrooms, currants and chestnuts, and fried cod with beetroot and garlic sauce. However, local and regional specialties are what make eating so special in the Peloponnese. Everywhere I travel, delicacies abound, whether to Leonidio for its pale purple, streaky Tsakoniki aubergine (there is an annual aubergine festival in August), Kalamata for its large, crimson olives or the region of Nafplio for its citrus fruits.

All over the Peloponnese I am plied with glyko tou koutaliou — fruits stewed in a sugary syrup — and freshly baked baklava, oozing a nutty, sticky sweetness. And Greek fetta cheese (the best is made by the villagers) has been afforded the same protection of origin status as champagne in France.

The Australian; excerpts, edited by Greece Travel Blog