By  on June 27, 2013

Nike Inc. sprinted to the finish line as it ended the 2013 fiscal year with stronger-than-expected fourth-quarter earnings and signs of stabilization in its challenged Chinese business.

A 21.4 percent increase in Nike brand’s North American apparel business in the fourth quarter, to $748 million, lifted the brand’s apparel volume on the continent for the full year to more than $3 billion as its North American sales overall crossed the $10 billion milestone.

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