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The Wall Street Journal: Nike sees $50 billion of annual revenue by 2020

2015-10-14 21:10:27| Footwear - Topix.net

Nike Inc. projects it will hit $50 billion in annual revenue by 2020, with its women's business roughly doubling over the same period, as the world's largest sportswear maker moves to extend its hold on the athletic-gear industry. Nike brand President Trevor Edwards said the company's women's business is expected to rise to $11 billion by 2020 from $5.7 billion this year, and its e-commerce business is expected to jump from about $1 billion this year to $7 billion in five years.

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