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NIKE, Inc. Announces Target of $50 Billion in Revenues by End of FY20*

2015-10-15 00:24:31| Footwear - Topix.net

NIKE, Inc. today provided an overview of its progress on key strategic initiatives to achieve sustainable, profitable long-term growth. During an investor meeting at its world headquarters near Beaverton, Ore., the Company announced a revenue target of $50 billion by the end of fiscal year 2020.

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Nike revenue to hit $50 billion by 2020, chief executive Mark Parker says

2015-10-14 22:11:21| Footwear - Topix.net

Nike revenue will grow to $50 billion by 2020, chief executive Mark Parker said Wednesday, setting a target that would expand the company's lead over its closest rivals. Nike recorded $30.6 billion for fiscal year that ended in May. Parker was the lead speaker at the Nike Investor Meeting, a day-long presentation to stock analysts and media about the company's goals over the next four years.

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Nike Unveils Giant Sales Goal, Says Jordan To Move Beyond Basketball

2015-10-14 22:11:20| Footwear - Topix.net

Shares of Nike Inc are higher by more than 30 percent year-to-date and nearly 50 percent higher from a year ago. Nike's President and CEO Mark Parker said the company is "accelerating the pace of innovation across every area of our business."

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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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How Nike stole Abercrombie & Fitch's teen customers

2015-10-14 19:17:19| Apparel - Topix.net

But over the past several years, Nike has usurped those former mainstays, according to teens surveyed by research firm Piper Jaffray in its semi-annual Taking Stock with Teens Survey. In spring 2001, teens loved Gap.

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