363
Fashion Jobs
UNDER ARMOUR
Associate, HR Administration
Permanent · SEOUL
ARKET
Visual Merchandising Manager
Permanent · BUSAN
PUIG
Marketing Manager
Permanent · SEOUL
JAEGER
[Jaeger Lecoultre] Marketing & Communication Director
Permanent · SEOUL
ESTÉE LAUDER COMPANIES
Corporate Account Executive For Travel Retail Korea, Estee Lauder Companies
Permanent ·
ESTÉE LAUDER - BRAND
Assistant Education Manager, Estee Lauder
Permanent · SEOUL
L'OREAL GROUP
[l'Oreal Korea] Luxe Div. - Lancome E-Commerce Specialist
Permanent · SEOUL
COS
Instore Visual Merchandiser Manager_seoul/Gyeonggi
Permanent · SEOUL METROPOLITAN AREA
AESOP
Shinsegae Gwangju - Retail Consultant
Permanent · GWANGJU
COACH
Manager, Ecommerce
Permanent · SEOUL
ADIDAS
Manager, Business Planning & Analysis, Wholesales
Permanent · SEOUL
HENKEL
Adhesive Key Account Manager For Sports And Fashion Market
Permanent · BUSAN
HENKEL
Consumer Brands General Manager Assistant
Permanent ·
HYPEBEAST
Brand Partnership Manager
Permanent · SEOUL
ADIDAS
Manager, Retail Marketing - Originals, Brand Adidas
Permanent · SEOUL
ADIDAS
Manager, bu - Football Apparel, Brand Adidas
Permanent · SEOUL
SWAROVSKI
District Manager (Travel Retail)
Permanent · SEOUL
SHISEIDO
E-Key Account Manager, Cosmetics&Fragrance (Korean Only)
Permanent · SEOUL
ADIDAS
sr. Manager, Process Excellence & Analytics, Scm
Permanent · SEOUL
ADIDAS
Director, Performance Management/s&op
Permanent · SEOUL
LEVI'S
DTC Assistant Marketing Manager
Permanent ·
AMORE PACIFIC
[경력] '24년 Amorepacific_기술기획 직무 채용
Permanent ·
By
Reuters API
Published
Oct 26, 2017
Reading time
2 minutes
Download
Download the article
Print
Text size

Nike gives upbeat five-year forecast, online sales to surge

By
Reuters API
Published
Oct 26, 2017

Nike Inc said on Wednesday it expects earnings per share to grow in the mid-teens over the next five years, driven by online sales and new product categories, sending its shares up by about three percent.

The company has already set a target of $50 billion (37.74 billion pounds) in annual sales by 2020 - Nike


The stock was the top gainer on the Dow on a day when the broader market was down.

Nike Chief Executive Mark Parker said at an investor conference that he expects digital revenues to grow from 15 to 30 percent over five years, while revenue growth would be up in the high-single digits over the same period.

The company has already set a target of $50 billion (37.74 billion pounds) in annual sales by 2020.

The sports-wear giant said at the conference it expects about 50 percent of its future sales growth to come from new categories and about 75 percent growth from outside the U.S.

Nike posted its weakest quarterly sales growth in nearly seven years in September as it fights to retain market share from rivals like Adidas AG.

Total revenue rose marginally to $9.07 billion, while Nike said it earned 57 cents per share. Analysts on average had expected revenue of $9.08 billion and earnings of 48 cents per share

Analysts have remained upbeat on the company's plans to invest in a variety of different distribution channels but have cautioned that it may come too late as the company struggles with declining revenue in North America.

For the last quarter, Nike said revenue from North America, the company’s largest revenue contributor, fell 3 percent - its first decline in more than 10 quarters.
 

© Thomson Reuters 2024 All rights reserved.