Nike says ‘relentless innovation’ behind rising revenues
22/03/2013
Revenues rose 9% to $6.2 billion for the quarter ended February 28, 2013, driven by increasing sales in the US.
Mark Parker, Nike’s CEO, said: "Our team delivered strong results in Q3. We did it with a relentless flow of innovation into our key categories.”
The US company saw growth across all regions except Japan and China, where sales fell 9% to $635m and where it “continues work to manage marketplace inventory”.
Growth at its brands Converse and Nike Golf helped to offset lower revenues at Hurley.
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