Nike to raise prices sharply as costs hit gains (Reuters)

Reuters - Nike Inc plans to raise the prices on its shoes and sports clothing markedly in 2012 to cope with the rising costs of oil, cotton and transportation that are hurting its profitability.

Source: http://us.rd.yahoo.com/dailynews/rss/earnings/*http://news.yahoo.com/s/nm/20110317/bs_nm/us_nike

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