Footwearconglomerate Nike reported a much stronger fourth quarter than analysts were expecting, with revenues increasing 22% a figure that was nearly as high as the company's sales in emerging markets in the last quarter in North America,

      In the past month, consumer spending has eased a bit in the U.S., and some product manufacturers and retailers are planning to soft their sales patterns, while Nike revealed that consumers still want their shoes.

     Nike CEO Mark Parker said the company's strength is its multi-brand footprint which is delivering growth in North America and in emerging markets as well as across several styles of shoes.

    The global appetite for sports has never been stronger, so Nike is organized to drive growth across multiple brands, geographies and categories, as we manage through the ever-changing macroeconomic landscape. And Nike is carrying the momentum forward, too, as future orders are up through November 15% from a year ago. Nike shares were up 4.2% in after-hours trading after the release.

     The footwear company's earnings were a 13.8 percent increase compared to the same period the year before, and overall sales increased at a similar rate, at 13.6%. In fiscal year 2011, it will delivery exceptional results in extraordinary times.