Philip Knight Footwear Quotations

Nike's business is healthy in every area except one, ... We are enjoying strong results in all of our international regions, and in U.S. apparel and equipment; however, our U.S. footwear business continues to pose challenges.

We endured many significant challenges in the second quarter, in particular, a soft U.S. retail market for athletic footwear and apparel. Despite these challenges, we met our bottom line expectations as we began to see an impact from our efforts to control expenses in a weak retail environment.