birkenstockBack to Main MenuBusiness News HomeFront PorchIt Only MoneyOregon the EconomyPlaybooks ProfitsSilicon ForestWindow ShopStock Market ReportBusiness Public BlogBack to Main MenuVideos from the OregonianVideos from The Beaverton LeaderVideos from the Hillsboro ArgusVideos from The Forest Grove LeaderYour VideosThere would have been past years whenNike Inc. Would have spat in disgust at the specter of a 1 percent drop in annual revenue.But in its 2010 fiscal year, when the company headquartered near Beaverton manages to scratch out enormous profits despite the lower sales in the face of a debilitating worldwide recession, that's cause for celebration."I'm very pleased and proud of our team over the last year and the last quarter," said Mark Parker, Nike CEO and president, when announcing the annual earnings Wednesday. "We built great momentum in a tough year."The sports shoe and apparel giant saw its annual revenue drop to $19 billion in its fiscal year ended May 31, down slightly from the $19.2 billion of the prior year.While sales were flat in much of the world, and down significantly in Eastern Europe and Japan, Nike's emerging market revenue surged 20 percent to $2 billion. One
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