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Nike Seeks $50 Billion in Sales by 2020

Nike isn’t worried about Under Armour’s quest to rule the activewear market.

In fact, the Beaverton, Oregon-based apparel and footwear behemoth announced a bold plan to grow sales to $50 billion by the end of fiscal 2020 during an investor meeting at its headquarters on Wednesday.

“Today, we’re showing how Nike is built for growth—now and for years to come,” said Mark Parker, president and CEO of Nike Inc. “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.”

Read more at Sourcing Journal.