To Our Shareholders I have said on more than one occasion that Nike is a growth company, even when sales go down. Our revenues have not grown. But I, like you, am getting a little impatient for some revenue growth. But our greatest opportunity lies in our relationship with our consumers.
Consumers are more sophisticated and discerning than at any time in history.
And our industry is on the early edge of great change. So in this period of industry and company evolution, I thought I would go ahead and talk about who we are. Some of you may have forgotten, some may never have known. Where we have been. Nike was, is, and will always be a company driven by certain key philosophies.