Nike CEO promises continued growth


Nike CEO Mark Parker told the company’s stockholders to expect at least $28 billion in sales by the end of fiscal 2015.

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Nike CEO Mark Parker told the company’s stockholders to expect at least $28 billion in sales by the end of fiscal 2015.

Shares ticked up 43 cents, or 0.48 percent, to $90.20 in Monday’s trading. 

He hinted that markets in the developing world would play a big part in future company growth. 

“Within 20 years, as much as 65 percent of the world’s population could be middle class,” he said. “And most of that is in China, India and Brazil. We’re already performing very well in these potential markets.”

Read more at OregonLive.com.

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