NIKE, Inc. NKE today hosted investors at its world headquarters and
announced its goal to deliver $36 billion in revenue by fiscal year 2017. The
company also stated it expects to deliver revenues of $30 billion by fiscal
year 2015, at the top end of its previously announced target range of $28-30
billion.
"NIKE, Inc. is designed to win. We've never been better positioned to
capitalize on the opportunities ahead of us,” said NIKE, Inc. President and
CEO Mark Parker. “We have a strong management team and we are accelerating our
innovation agenda to create products and services that drive growth in the
marketplace, deliver exciting retail experiences globally and expand the
capabilities of our powerful supply chain.”
The Company expects NIKE Brand growth across its business portfolio of
geographical business units, product types, businesses and categories. Some of
the NIKE Brand fiscal 2017 growth targets highlighted at the meeting included:
* Apparel to grow from $7.5 billion to $10 billion
* Women's business to grow from $4 billion to $7 billion**
* Direct to Consumer e-commerce business to grow from nearly $550 million to
$2 billion
Investors and media are invited to view the replay of the webcast and slides
from the event at http://investors.nikeinc.com. The transcript and other event
materials will also be available approximately 24 hours after the event and
accessible for approximately a year after the event.
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