BusinessLogrBusinessLogr
  • Home
  • Stocks
  • Finance
  • Business
  • Company
  • Economy
  • Industry
  • Investing
  • Car News
  • Contact Us!
Reading: Nike CEO: How we’ll reach $50B in sales
Share
Aa
BusinessLogrBusinessLogr
Aa
  • Home
  • Stocks
  • Finance
  • Business
  • Company
  • Economy
  • Industry
  • Investing
  • Car News
  • Contact Us!
Follow US
© 2023 BusinessLogr News Network.
BusinessLogr > Investing > Nike CEO: How we’ll reach $50B in sales
Investing

Nike CEO: How we’ll reach $50B in sales

deep
Last updated: 2015/11/06 at 6:35 AM
deep Published November 6, 2015
Share
2 Min Read
SHARE

Nike has enjoyed huge success this year, and the apparel maker set its sights even higher Wednesday, boosting its sales target to $50 billion by fiscal 2020.

While the goal is ambitious — Nike racked up about $30 billion in revenue in its last full fiscal year — the company’s momentum makes it “very achievable,” CEO Mark Parker told CNBC.

“We feel very confident with our position in the marketplace,” Parker said Wednesday from a company investor meeting. “The brand is resonating around the world.”

Mark Parker, Nike

Getty Images
Mark Parker, Nike

Nike shares lead the Dow Jones industrial average this year with gains of more than 30 percent. The apparel maker posted quarterly earnings late last month that easily topped Wall Street’s estimates, boosted by 22 percent futures orders growth in greater China.

Read MoreNike shares jump on earnings and revenue beat

Parker believes Nike will leverage international markets, as well as digital and e-commerce platforms, as it looks to expand. The company projects that its e-commerce business can grow to $7 billion by fiscal 2020, from $1.2 billion today.

Parker also downplayed concerns that a global slowdown could trip up Nike’s momentum in China and other emerging markets. He noted that China’s growing middle class uses mobile platforms heavily, which fits into Nike’s strategy moving forward.

“I think that the foundation for our future growth in China is as strong as it’s ever been,” Parker said.

He added that Nike believes “things are stabilizing” in key markets such as Brazil.

[“source -colorlib”]

You Might Also Like

Effortlessly Plan Your Loan Payments with TitleMax Loan Payment Calculator

Suncoast Loan Payment: Simplifying Your Repayment Process

Demystifying Parent PLUS Loan Payments: A Guide for Financially Responsible Parents

Understanding the Minimum Down Payment Requirements for Conventional Loans: A Comprehensive Guide

The Average Student Loan Payment: Understanding the Financial Impact of Higher Education

TAGGED: Nike CEO: How we'll, reach $50B in sales
deep November 6, 2015
Share this Article
Facebook Twitter Email Print
Share
Previous Article Natural-gas prices climb even as supplies tie a record
Next Article Traders push chances for Fed rate hike out to April

Most Viewed Posts

  • 20 Fitness Franchises: Planet Fitness and Beyond
  • Choosing the Right Legal Structure For Your Business
  • find a loan shark on craigslist
  • bmo harris express loan payment
  • bmo harris bank express loan pay

Most Viewed Posts

  • 20 Fitness Franchises: Planet Fitness and Beyond
  • Choosing the Right Legal Structure For Your Business
  • find a loan shark on craigslist
  • bmo harris express loan payment
  • bmo harris bank express loan pay

Recent Posts

  • Effortlessly Plan Your Loan Payments with TitleMax Loan Payment Calculator
  • Suncoast Loan Payment: Simplifying Your Repayment Process

© 2023 BusinessLogr News Network.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?