NIKE, Inc. (NYSE: NKE) today will provide 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.
“Today, we’re showing how NIKE is built for growth – now and for years
to come,” said Mark Parker, NIKE, Inc. President and CEO. “We lead
because we serve the athlete and consumer completely – through
breakthrough product and personal experiences, all around the world. As
we look toward 2020, we are accelerating the pace of innovation across
every area of our business to deliver the very best to athletes
everywhere – when and where they want it.”
NIKE is also announcing further investments and partnerships leveraging
digital to accelerate innovation end-to-end, across design,
manufacturing and product creation. A new facility at NIKE’s world
headquarters was unveiled, the Advanced Product Creation Center, which
will house some of the Company’s most advanced manufacturing and design
capabilities under one roof. The Center will bring together engineers,
material scientists and designers to work together with advanced
manufacturing methods to develop the next breakthrough technology,
following the multisport success of Flyknit.
Throughout the day, NIKE will provide added dimension to its growth plan
through category and geographic business opportunities, digital
investments, integrated marketplace strategies, new innovation
partnerships and long-term financial objectives. Mark Parker is followed
by Trevor Edwards, President, NIKE Brand; Jeanne Jackson, President,
Product and Merchandising; Jayme Martin, Vice President and GM, Global
Categories; Elliott Hill, President of Geographies and Sales; Christiana
Shi, President, Direct to Consumer; Eric Sprunk, Chief Operating
Officer; and Andy Campion, Executive Vice President and Chief Financial
Officer.
Investors and media are invited to view the webcast at http://investors.nike.com
or visit www.nikenews.com
About NIKE, Inc.
NIKE, Inc., based near Beaverton, Oregon, is the world's leading
designer, marketer and distributor of authentic athletic footwear,
apparel, equipment and accessories for a wide variety of sports and
fitness activities. Wholly-owned NIKE, Inc. subsidiary brands include
Converse, which designs, distributes and licenses casual sneakers,
apparel and accessories; and Hurley, which designs and distributes a
line of action sports and youth lifestyle apparel and accessories. For
more information, NIKE, Inc.’s earnings releases and other financial
information are available on the Internet at http://investors.nike.com
and individuals can follow @Nike.
* This press release contains forward-looking statements that
involve risks and uncertainties that could cause actual results to
differ materially. These risks and uncertainties are detailed from time
to time in reports filed by NIKE, Inc. with the Securities and Exchange
Commission., including Forms 8-K, 10-Q, and 10-K.
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