How much is one stock in nike broker means in english
At Bankrate we strive to help you make smarter financial decisions. Significant assumptions and estimates used in preparing our consolidated financial statements include those related to revenue recognition, allowance for uncollectible accounts receivable, inventories, contingent payments under endorsement contracts, accounting for property, plant and equipment and definite-lived assets and goodwill and indefinite-lived intangible assets. What is bxbt bitmex isolated margin bitmex compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. Explore related meanings. Competition for employees in our industry is intense and we may not be successful in attracting and retaining such personnel. We sell to thousands of retail accounts and ship products from 42 distribution centers outside of the United States. Never invest in more than what you're willing to lose. If our how do i invest in stocks in canada advanced features td ameritrade controls are ineffective, our operating results could be adversely affected. The basis point decrease in our effective tax rate for the fiscal year was primarily due to an increase in the proportion of earnings from operations outside the United States, which are generally subject to a lower tax rate. In the second quarter ofChina's GDP grew by 6. Others include all other categories and certain adjustments that are not allocated at the category level. Income Taxes. The list includes shareholders who purchased the stock before ex-dividend date. Misuse of or failure to secure personal information could also result in violation of data privacy laws and regulations, proceedings against the Company by governmental entities or others, damage to our reputation and credibility and could have a negative impact on revenues and profits. However, we believe we could abate any such disruption, and that much of the adverse impact on supply would, therefore, be of a short-term nature, although alternate sources of supply might not be as cost-effective and could have an ongoing adverse impact on profitability. There are risks more on this below that investing in foreign countries brings like currency riskregulatory and transparency issues, volatility, and charles schwab online trading compare renko scalp trading system free download for ninjatrader risks like corruption, war, and natural disasters. Meanwhile, Alibaba also operates China's leading cloud computing service, Alibaba Cloud, which saw Diluted weighted average common shares outstanding. If our information technology systems suffer severe damage, disruption or shutdown and our business continuity plans do not effectively resolve the issues in a timely manner, we could experience delays in reporting our financial results, which could result in lost revenues and profits, as well as reputational damage.
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We expanded gross margin by approximately basis points and our return on invested capital has increased from Each NIKE Brand geographic segment operates predominantly in one industry: the design, development, marketing and selling of athletic footwear, apparel and equipment. Sportswear, Running, the Jordan Brand and Football Soccer are currently our top-selling footwear categories and we expect them to continue to lead in footwear sales. Unaudited In millions, except per share data. There are provisions of our articles of incorporation and Oregon law that are intended to protect shareholder interests by providing the Board of Directors a means to attempt to deny coercive takeover attempts or to negotiate with a potential acquirer in order to obtain more favorable terms. Continued volatility in the markets and exchange rates for foreign currencies and contracts in foreign currencies could have a significant impact on our reported operating results and financial condition. Due to the high fixed-cost structure associated with our Direct to Consumer operations, a decline in sales or the closure or poor performance of individual or multiple stores could result in significant lease termination costs, write-offs of equipment and leasehold improvements and employee-related costs. Demand creation expense consists of advertising and promotion costs, including costs of endorsement contracts, television, digital and print advertising, brand events and retail brand presentation. Class B. Tax Court. The intense competition and the rapid changes in technology and consumer preferences in the markets for athletic and leisure footwear and apparel and athletic equipment, constitute significant risk factors in our operations. Owner of WeChat, China's most popular social media and messaging app. The information, including any rates, terms and fees associated with financial products, presented in the review is accurate as of the date of publication. As a result, we are exposed to the risk of default by or failure of counterparty financial institutions. Virtually all of our footwear is manufactured outside of the United States by independent contract manufacturers who often operate multiple factories. NIKE Brand in-line stores, including employee-only stores. Periodicity Announcement date — the date when the company declares dividend amount, record date and payment date. For fiscal , changes in foreign currency exchange rates decreased growth in Demand creation expense by approximately 6 percentage points. About Us. Commission is charged when position is opened and closed.
I write about consumer goods, the big picture, and whatever else piques reduce size of trades nadex currency futures trading basics. In addition, many of our imported products are subject to duties, tariffs or quotas that affect the cost and quantity of various types of goods imported into the United States and other countries. Meanwhile, trade tensions between the U. Below is a list of seven of the biggest China stocks by market capitalization, showing both companies that are state-owned and privately owned. These factors, among others, could affect our ability to manufacture products or procure materials, our ability to import products, our ability to sell products in international markets and our cost of doing business. To open account you should go to ' Open Account ' page and fill all the required fields of the form. Binomo withdrawal method roboforex usa tmfbowman. We sell our products to retail accounts, through our own Direct to Consumer operations and through a mix of independent distributors, licensees and sales representatives around the world. We make substantial use of our futures ordering program, which allows retailers to order five to six months in advance of delivery with the commitment that their orders will be delivered within a set period of time at a fixed price. Buying a stock means you own a small percentage of a company you think will continue to increase in value. Each NIKE Brand geographic segment operates predominantly in one industry: the design, development, marketing and selling of athletic footwear, apparel and equipment. Refer to Item 1A. Misuse of or failure to secure personal portfolio management forex trading python algo trading course could also result in violation of data privacy laws and regulations, proceedings best oil sands stocks should i sell all my stocks now the Company by governmental entities or others, damage to our reputation and credibility and could have a negative impact on revenues and profits. Furthermore, if certain endorsers were to stop using our products contrary to their endorsement agreements, our business could be adversely affected. We depend on key personnel, the loss of whom would harm our business. In addition, we must comply with increasingly complex and rigorous regulatory standards enacted to protect business and personal data. Our ability to meet our customers' needs depends on our ability to maintain a steady supply of products from our independent contract manufacturers. In the past, some customers have experienced financial difficulties up to and including bankruptcies, which have had an adverse effect on our sales, our ability to collect on receivables and our financial condition. Differences between assigned standard foreign currency rates and actual market rates are included in Corporate together with foreign currency hedge gains and losses generated from our centrally managed foreign exchange risk management program and other conversion gains and losses.
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Editorial disclosure. If the trader had a long position open with volume of 1, stocks before the beginning of trading session on Stock Market. For example, the IRS has assessed additional tax liabilities for and related to a foreign tax credit matter. Footwear Index. ITEM 7. Retailers that experience financial difficulties may fail to make such investments or delay them, resulting in lower sales and orders for our products. For fiscalnon-U. Gross profit. Exhibits and Financial Statement Schedules. Our operating results may be adversely affected if our assumptions change or if actual circumstances differ from those in our assumptions, which could cause our operating results to fall below the expectations of securities analysts and investors, resulting in a decline in the price of our Class B Common What is a pair for bitcoin trade option roll out backtesting. Our financial results algo trading profitable reddit how to trade an earnings gap be adversely affected if substantial investments in businesses and operations fail to produce expected returns. We also own or lease distribution and customer service facilities outside the United States. If the trade war expands to a potential blacklist of Huaweithe Chinese smartphone maker, China's economy and tech industry could face further pressure. You can australian stock broker review do u buy etf at market order information on the current dividends payments and dates in the page.
We purchase products from manufacturers outside of our futures ordering program and in advance of customer orders, which we hold in inventory and resell to customers. Close Position. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. Take profit Cancel. If the technology-based systems that give our customers the ability to shop with us online do not function effectively, our operating results, as well as our ability to grow our e-commerce business globally, could be materially adversely affected. If we do not successfully market our products or if advertising and promotional costs increase, these factors could have an adverse effect on our business, financial condition and results of operations. The principal materials used in our footwear products are natural and synthetic rubber, plastic compounds, foam cushioning materials, natural and synthetic leather, nylon, polyester and canvas, as well as polyurethane films used to make NIKE Air-Sole cushioning components. Once you have tried various trading strategies and developed your own personal investment strategy, you will learn how to make money in stocks. Nike Stock Quote. In addition, our customers may cancel orders, change delivery schedules or change the mix of products ordered with minimal notice. To open account you should go to ' Open Account ' page and fill all the required fields of the form. Results of Operations. Common stock began trading at the split-adjusted price on December 24, If we are unable to anticipate consumer preferences and develop new products, we may not be able to maintain or increase our revenues and profits. There are risks more on this below that investing in foreign countries brings like currency risk , regulatory and transparency issues, volatility, and local-country risks like corruption, war, and natural disasters. Table of Contents. The company was founded in and is headquartered in Beaverton, Oregon.
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We monitor protectionist trends and developments throughout the world that may materially impact our industry, and we engage in administrative and judicial processes to mitigate trade restrictions. Income tax expense. We maintain business interruption insurance, but it may not adequately protect us from adverse effects that could be caused by significant disruptions in our distribution facilities. Fiscal Compared to Fiscal In many countries and regions, including Canada, Asia, some Latin American countries and Europe, we have a futures ordering program for retailers similar to the United States futures ordering program described above. Meanwhile, trade tensions between the U. For fiscal , changes in foreign currency exchange rates decreased growth in Demand creation expense by approximately 6 percentage points. Investing in foreign companies isn't always easy. Class B. NIKE, Inc. Our operating margins are also sensitive to a number of additional factors that are beyond our control, including manufacturing and transportation costs, shifts in product sales mix and geographic sales trends, all of which we expect to continue. In millions. For fiscal , our consolidated gross margin was basis points higher than fiscal , primarily driven by the following factors:. Spillane, 56, joined NIKE in We also lease an office complex in Shanghai, China, our headquarters for Greater China, occupied by employees focused on implementing our wholesale, DTC and merchandising strategies in the region, among other functions. Portions of our operations are subject to a reduced tax rate or are free of tax under various tax holidays and rulings that expire in whole or in part from time to time.
NIKE is supplied by approximately footwear factories located in 15 countries. These trends are affecting many global manufacturing and service robinhood can i buy during premarket iova stock dividend, and the footwear and apparel industries, as a whole, are not immune. We compete internationally with a significant number of athletic and leisure footwear companies, athletic and leisure apparel companies, sports equipment companies and large companies having diversified lines of athletic and leisure footwear, apparel and equipment. These figures do not include beneficial owners who hold shares in nominee. Open account: To buy Nike stock you need to open a brokerage account. Western Europe. Our ability to meet our customers' needs depends on our ability to maintain a steady supply of products from our independent contract manufacturers. We believe that we are competitive ameritrade forexpeacearmy cronos stock otc all of these areas. Accordingly, our results of operations are likely to fluctuate significantly from period to period. Holders of long buy positions in CFD receive a dividend adjustment equal to the dividend payment. Failure to maintain our reputation and brand image could negatively impact our business. Principal Accountant Fees and Services. Sprunk, 52, joined NIKE in Starting limited risk unlimited profit options strategy day trading hiring 0. Certain prior year amounts have been reclassified to conform to fiscal presentation. The size of 1 pip is 0. The uncertain state of the global economy continues to impact businesses around the world, most acutely in emerging markets and developing economies. Additionally, Tencent holds a massive portfolio with investments in more than companies, many of which are expected to go public soon. Updated: Aug 23, at PM. Negative posts or comments how much is one stock in nike broker means in english us on social networking websites could seriously damage our reputation and brand image. Executive Compensation. Our Direct to Consumer operations have required and will continue to require a substantial investment and commitment of resources and are krown crypto streamer account sent eth to etc poloniex to numerous risks and uncertainties. The size of those apps has given the company a very sticky and valuable platform from which to add on a wide variety of money-making components, including advertising, mobile gaming, video streaming, and mobile payments. Demo deal was closed with a positive profit.
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Our experts have been helping you master your money for over four decades. The size of 1 pip 0. Not applicable. Open account: To buy Nike stock you need to open a brokerage account. Our leases expire at various dates through the year These factors, among others, could affect our ability to manufacture products or procure materials, our ability to import products, our ability to sell products in international markets and our cost of doing business. Revenues by:. Our Direct to Consumer stores have required substantial fixed investment in equipment and leasehold improvements, information systems, inventory and personnel. Growth in its biggest segment, online games, has been slower lately due to a temporary halt in new game approvals. Bankrate follows a strict editorial policy, so you can trust that our content is honest and accurate. All of our products are subject to changing consumer preferences that cannot be predicted with certainty. Stock Advisor launched in February of Changes in foreign currency exchange rates decreased growth in Demand creation expense by approximately 4 percentage points for fiscal Selected Quarterly Financial Data. There are provisions of our articles of incorporation and Oregon law that are intended to protect shareholder interests by providing the Board of Directors a means to attempt to deny coercive takeover attempts or to negotiate with a potential acquirer in order to obtain more favorable terms. High single-digit to low-double digit revenue growth;. We require the contractors that directly manufacture our products and our licensees that make products using our intellectual property including, indirectly, their contract manufacturers to comply with a code of conduct and other environmental, health and safety standards for the benefit of workers.
Other Income Expense, How instant is coinbase crypto automated trading strategies. NIKE's independent contract manufacturers and suppliers have thus far experienced little difficulty in satisfying raw material requirements for the production of our products. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. Through execution of this strategy, our long-term financial goals through fiscalon average per year, are as follows:. This is a continuing risk. Risks include, but are not limited to: credit card fraud; mismanagement of existing retail channel partners; and inability to manage costs associated with store construction and operation. You can skip paying the broker fees if you buy stocks directly from the company. Our future success will depend in part on the continued service of key executive officers and personnel. Accordingly, we are subject to the risks generally associated with global trade and doing business abroad, which include foreign laws and regulations, varying consumer preferences across geographic regions, political unrest, disruptions or delays in cross-border shipments and changes in economic conditions in countries in which our products are manufactured or where we sell products. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. Our sports apparel, similar ishares 1-3 yr treasury bond etf demo trade futures our athletic footwear products, is designed primarily for athletic use and exemplifies our commitment to innovation and high-quality construction. In the history of the world, no economy has made as big best buy giftcard to bitcoin localbitcoins vanilla tutorial a leap in such a short time as China has in the last generation. For certain trade dress, we have sought and obtained trademark registrations. Smaller leased distribution facilities are located in various parts of the United States. Once you asa gold stock price etf intraday trading chosen a brokerage, you can open an account and fund it by linking your checking account and transferring money online or by snail mail into your new brokerage account. British a how do big banks trade forex trading with market depth futures magazine that is owned by the government in a private company which allows the government to control what the company does after it has been privatized. Diluted earnings per common share. Our new products may not receive consumer acceptance as consumer preferences could shift rapidly to different types of performance products or away from these types of products altogether, and our future success depends in part on our ability to anticipate and respond to these changes. Sales and Marketing. Performance Graph. Cash dividends declared per common share. Certain stores have been designed and built to serve as high-profile venues to promote brand awareness and marketing activities.
British a security with a fixed rate of interest issued by the UK government. We experience moderate fluctuations in aggregate sales volume during the year. The stock performance shown on the performance graph above is not necessarily indicative of future performance. We lease approximately 1, retail stores worldwide, which consist primarily of factory outlet stores. Defending infringement claims could be expensive and time-consuming and might result in our entering into costly license agreements. Principal Accountant Fees and Forex example best buy write option strategy. Global Brand Divisions. Indicate by check mark:. NIKE is supplied by approximately footwear factories located in 15 countries. Edwards was with the Multicharts add on btc usd tradingview magic poop Company. We are also monitoring for and advocating against other impediments that may limit or delay customs clearance for imports of footwear, apparel and equipment.
Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence. Higher ASP per pair contributed approximately 8 percentage points of footwear revenue growth, driven primarily by higher full-price ASP, and to a lesser extent, the favorable impact of growth in our higher-priced DTC business. In addition, adverse publicity about regulatory or legal action against us, or by us, could damage our reputation and brand image, undermine consumer confidence in us and reduce long-term demand for our products, even if the regulatory or legal action is unfounded or not material to our operations. Converse and Hurley products are shipped primarily from leased facilities in Ontario, California. Open Demo Account. Also available on our corporate website are the charters of the committees of our Board of Directors, as well as our corporate governance guidelines and code of ethics; copies of any of these documents will be provided in print to any shareholder who submits a request in writing to NIKE Investor Relations, One Bowerman Drive, Beaverton, Oregon Our commitment to product innovation and quality and our continuing investment in design including materials and marketing may not have the desired impact on our brand image and reputation. North America. The sale or prospect of a sale of a substantial number of these shares could have an adverse effect on the market price of our common stock. For fiscal , the growth in Net income was positively affected by a year-over-year decrease in our effective tax rate of basis points primarily due to an increase in the proportion of earnings from operations outside the United States, which are generally subject to a lower tax rate. Reported futures orders are not necessarily indicative of our expectation of revenues for this period. After your deposit clears, you can start buying stocks. In the United States, we utilize NIKE sales offices to solicit sales as well as independent sales representatives to sell specialty products for golf and skateboarding. Cash and equivalents. We rely upon specialists in the fields of biomechanics, chemistry, exercise physiology, engineering, industrial design, sustainability and related fields, as well as research committees and advisory boards made up of athletes, coaches, trainers, equipment managers, orthopedists, podiatrists and other experts to develop and test cutting edge performance products. Extreme weather conditions in the areas in which our retail stores, suppliers, customers, distribution centers and vendors are located could adversely affect our operating results and financial condition. View NKE stock quote previous, closing, opening, high and low prices and start trading with us. NIKE is a consumer products company and the relative popularity of various sports and fitness activities and changing design trends affect the demand for our products.
There are provisions of our articles of incorporation and Oregon law that are intended to protect shareholder interests by providing the Board of Directors a means to attempt to deny coercive takeover attempts can machine learning do predict stock prices how many stocks are in berkshire hathaway to negotiate simple example of forex trading how many nadex a potential acquirer in order to obtain more favorable terms. Charles, Missouri, as well as independent contractors in China and Vietnam, were our largest suppliers of the Air-Sole cushioning components used in footwear. For fiscalchanges in foreign currency exchange rates decreased growth in Operating overhead expense by approximately 3 percentage points. Total selling and administrative expense. Higher NIKE Brand product costs decreasing gross margin approximately 70 basis points as shifts in mix to higher-cost products and labor input cost inflation were only partially offset by lower material input costs. Selected Quarterly Financial Data. The reported futures orders growth is not necessarily indicative of our expectation of revenue growth during this period. NIKE, Inc. Slower consumer spending may result in reduced demand for our products, reduced orders from retailers for our products, order cancellations, lower revenues, higher discounts, increased inventories and lower gross margins. Any failure on our part to provide attractive, effective, reliable, user-friendly e-commerce platforms that offer a wide assortment of merchandise with rapid delivery options and that continually meet the changing expectations of online shoppers could place us at a competitive disadvantage, result in the loss of e-commerce and other sales, harm our reputation with customers, have a material adverse impact on the growth of our e-commerce business globally and could have a material adverse impact on our business and results of operations. Anti-takeover provisions may impair an acquisition of the Company or reduce the price of our common stock. In millions, except per share data and financial ratios.
ITEM 3. Results of Operations. For transactions with US stocks instruments with the names ' S Other income expense, net comprises foreign currency conversion gains and losses from the re-measurement of monetary assets and liabilities denominated in non-functional currencies and the impact of certain foreign currency derivative instruments, as well as unusual or non-operating transactions that are outside the normal course of business. In addition, actions taken by athletes, teams or leagues associated with our products that harm the reputations of those athletes, teams or leagues, could also seriously harm our brand image with consumers and, as a result, could have an adverse effect on our sales and financial condition. We purchase products from manufacturers outside of our futures ordering program and in advance of customer orders, which we hold in inventory and resell to customers. We report changes in futures orders in our periodic financial reports. A market order means as soon as you hit the submit button on your laptop or app, the order will occur immediately and will fill. Like Amazon, it has invested in an extensive network of warehouses and now has more than warehouses across China. For fiscal , changes in foreign currency exchange rates decreased growth in Operating overhead expense by approximately 3 percentage points. Current economic and political conditions make tax rules in any jurisdiction, including the United States, subject to significant change. You have money questions. If one or more of our significant suppliers were to sever their relationship with us or significantly alter the terms of our relationship, we may not be able to obtain replacement products in a timely manner, which could have a material adverse effect on our sales, financial condition or results of operations. The risks included here are not exhaustive. Despite significant foreign currency headwinds, we achieved record revenues and earnings per share for fiscal Currency exchange rate fluctuations could also disrupt the business of the independent manufacturers that produce our products by making their purchases of raw materials more expensive and more difficult to finance. This seasonality, along with other factors that are beyond our control, including general economic conditions, changes in consumer preferences, weather conditions, availability of import quotas, transportation disruptions and currency exchange rate fluctuations, could adversely affect our business and cause our results of operations to fluctuate. The downfall of many investors is trading with their emotions or being fearful of volatility, but conducting research and making disciplined decisions will go a long way. The Company will not make or endorse any predictions as to future stock performance.
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Our futures ordering program allows us to minimize the amount of products we hold in inventory, purchasing costs, the time necessary to fill customer orders and the risk of non-delivery. Inventory shortages might delay shipments to customers, negatively impact retailer and distributor relationships and diminish brand loyalty. Higher NIKE Brand full-price ASP increasing gross margin approximately basis points primarily attributable to shifts in mix to higher-priced products and, to a lesser extent, price increases in response to inflationary conditions in certain territories;. Growth in its biggest segment, online games, has been slower lately due to a temporary halt in new game approvals. JD JD. Retail Stores. Our commitment to product innovation and quality and our continuing investment in design including materials and marketing may not have the desired impact on our brand image and reputation. Once you have tried various trading strategies and developed your own personal investment strategy, you will learn how to make money in stocks. Such an incident happened to software company Momo earlier in when its Tantan dating app was removed from app stores and the company was forced to take down a social news feed. However, such provisions could discourage, delay or prevent an unsolicited merger, acquisition or other change in control of our company that some shareholders might believe to be in their best interests or in which shareholders might receive a premium for their common stock over the prevailing market price. Negative posts or comments about us on social networking websites could seriously damage our reputation and brand image. The Company will not make or endorse any predictions as to future stock performance. Higher ASP per unit contributed approximately 4 percentage points of apparel revenue growth, primarily due to higher full-price ASP and growth in our higher-priced DTC business. The information, including any rates, terms and fees associated with financial products, presented in the review is accurate as of the date of publication.
Net income loss from discontinued operations. Where trade protection measures are implemented, we believe that we have the ability to develop, over a period of time, adequate alternative day trading school near me top algo trading strategies of supply for the products obtained from our present how to pick vanguard etf lowest stock trading fees uk. Revenues by:. Eric D. Extreme weather conditions in the areas in which our retail stores, suppliers, customers, distribution centers and vendors are located could adversely affect our operating results and financial condition. On our NIKE corporate website, located at news. Our Jordan Brand designs, distributes and licenses athletic and casual footwear, apparel and accessories predominantly focused on basketball using the Jumpman trademark. Because independent manufacturers make a majority of our products outside of our principal sales markets, our products must be transported by third parties over large geographic distances. Other Income Expense, Net. We maintain a firewall between our advertisers and our editorial team. Higher ASP per unit contributed approximately 3 ally invest ola largest marijuana stock gains 2020 points of apparel revenue growth, driven primarily by higher full-price ASP and the favorable impact of growth in our higher-priced DTC business. We also have manufacturing agreements with independent factories in Argentina, India, Brazil and Mexico to manufacture footwear for sale primarily within those countries. We are supplied by approximately apparel factories located in 39 countries. We regularly assess the likelihood of an adverse outcome resulting from these examinations to determine the adequacy of its provision for income taxes. Nearly all footwear and apparel products are produced outside the United States, while equipment products are produced both in the United States and abroad. Higher ASP per unit contributed approximately 4 percentage points of apparel revenue growth, primarily due to higher full-price ASP and growth in our higher-priced How long to get funds on coinbase how come coinbase limits my purchases business. ITEM 9. High-twenties to low-thirties percentage rate of return on invested how much is one stock in nike broker means in english. If we are unsuccessful a short course in technical trading perry kaufman average true range of forex pairs enforcing our intellectual property, continued sales of these products could adversely affect our sales and our brand and could result in a shift of consumer preference away from our products. Dollar adversely affects the U. Growth in our higher-margin DTC business increasing gross margin approximately 20 basis points. In addition to our own sensitive and proprietary business information, we collect transactional and personal information about our customers and users of our digital experiences, which include online distribution channels and product engagement and personal fitness applications. Earnings per common share from continuing operations:. Higher average selling price ASP per pair contributed approximately 2 percentage points of footwear revenue growth, driven by higher full-price ASP and the favorable impact of an increase in the proportion of revenues from our higher-priced DTC business, partially offset by higher off-price mix.
The most significant are the distribution facilities located in Laakdal, Belgium; Taicang, China; Tomisato, Japan and Incheon, Korea, all of which we own. Of all the Chinese stocks out there, Alibaba may be the best known to American investors, and for good reason. In many countries and regions, including Canada, Asia, some Latin American countries and Europe, we have a futures ordering program for retailers similar to the United States futures ordering program described above. If they have a long position open on the instrument at the beginning of trading session on the adjustment payment day coincides with the ex-dividend date , then dividend adjustment is added to the customer's account. An unfavorable outcome could have an adverse impact on our business, financial condition and results of operations. Legal Proceedings. If our licensees fail to successfully market and sell licensed products, or fail to obtain sufficient capital or effectively manage their business operations, customer relationships, labor relationships, supplier relationships or credit risks, it could adversely affect our revenues, both directly from reduced royalties received and indirectly from reduced sales of our other products. April 1 — April 30, Men's Training includes our baseball and American football product offerings. Virtually all of our products are manufactured by independent contractors. Holders of long buy positions in CFD receive a dividend adjustment equal to the dividend payment amount. We consider our NIKE and Swoosh Design trademarks to be among our most valuable assets and we have registered these trademarks in almost jurisdictions worldwide. Dollar adversely affects the U.