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Wait, doesn't every kid in Latin
America play soccer from sunup to dusk? Okay, Guillermo Copado Leos does
know his way around a football pitch and could probably give you a solid
five-minute rant on why Mexico's Luis Hernandez should be scoring his
goals in Europe and not in the MLS.
But he would rather talk to you about how his favorite
player is Scottie Pippen and how he's checked out the music websites
but prefers Prodigy to any of the other new stuff he can download for
free.
For Nike, Guillermo and his friends are one important
part of our growth story. No doubt, our efforts over the past few years
in football have helped fuel our growth outside the USA and will continue
to do so for years to come. But football boots alone were not the primary
reason our revenues in Mexico grew 32 percent in fiscal 2000.
Our Americas consumers are starting to see Nike as
an authentic alternative to their local brands and previous favorites.
Nike was once a product to aspire to. Now, it is a product to own. And
when you do own a pair of the shoes, you save them for your game. You
wear your "other brands" to the court and then lace up your
Nikes. The region is growing. Nike has become more than a commercial
on the omnipresent TV.
Overall, the Americas region grew eight percent last
year. On a constant dollar basis, revenues increased 11 percent. The
primary drivers were incremental footwear sales from Brasil and higher
revenues from Africa. Growth in these emerging markets more than offset
weakness in Canada and Argentina, both of which saw revenue decrease
in fiscal 2000. Nevertheless, we saw a strong increase in profitability
in the region due to higher gross margins and our ability to control
costs.
Like Guillermo, we know there's more than one way to
make a goal.
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