Investments lead to 10% rise in Q1 for Nike - sportstextiles: Lea SportsTextiles

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Investments lead to 10% rise in Q1 for Nike

25/09/2019
Sportswear giant Nike has reported a 7% rise in first quarter 2020 revenues to $10.7 billion.

It said strategic investments are accelerating its “digital transformation” and extending its competitive advantage.

Nike CEO Mark Parker said: “Nike’s strong product innovation, combined with our industry-leading digital experiences, continue to deepen our consumer relationships around the world.”

Chief financial officer Andy Campion added: “Even amid the increasingly volatile macroeconomic and geopolitical environment, we expect our unrelenting focus on better serving the consumer to continue fuelling strong, broad-based growth across our global portfolio.”

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