30 Jun '17, 5pm

Nike's North American Sales Are on the Rise

Much has been made over the last year or two about Nike ‘s decreasing global sales. What much of those discussions, writings, and barbershop-like probings don’t detail is how stable the company truly is. Mark Parker, Nike CEO, recently detailed stock gains and a sales uptick that will certainly detract naysayers for a least a moment. “Nike continues to create both near-term wins in today’s dynamic environment and a lasting foundation for future growth,” Parker recently explained. He’s referring to an earned 60 cents a share for the latest quarter which, even though experts predicted the brand would earn upwards to 50 cent gains over the last quarter, is still considered a win or an over-performance. Parker’s comments are also a result of shares rising approximately 4.4 percent in the latest quarter. Nike also saw an overall revenue increase, posting a hefty 5.3 percent ris...

Full article: http://www.nicekicks.com/nikes-north-american-sales-rise/

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