Strong demand for its products has seen Nike’s second quarter revenue to November 30 rise seven per cent to $6 billion.
“Our results show our growth strategies are working, even under challenging macroeconomic conditions,” says Mark Parker, the company’s president and CEO.
“We have a focused and flexible portfolio that allows us to target the biggest growth opportunities at all levels – brand, category and product.
“We stay connected with our consumers and that enables us to deliver innovations that excite the marketplace, grow the business and deliver more value to shareholders.”
As of the end of the quarter, worldwide future orders for Nike footwear and apparel, scheduled for delivery between December and April 2013, were worth $9.3 billion, six per cent higher that orders for the same period in 2011.
Nike recently announced it had completed the sale of Umbro to Iconix Brand Group, Inc.
