Net income bounced back after a first-half decline, ending with a 20% increase to RMB 2,770.1 million ($401.5 mm) for the year ended Feb. 28, from RMB 2,303.4 million, as revenues grew by 7% to RMB 36,009.0 million ($5,218.7 mm) against RMB 33,690.2 million. Nike and Adidas sales grew 7% and accounted for 87.3% of revenue for the year, while Puma, Converse, VF Corp. (Vans, The North Face and Timberland), Reebok, Asics, Onitsuka Tiger and Skechers collectively accounted for 11.8% of sales. Retail sales were 85.3% of total revenues and wholesale accounted for 13.8%. Another RMB 240.2 million came from ... Log in to view full article.