May 5 (Reuters) - NIKE Inc:
* Exec says over 70 percent of future growth will come from outside North
America
* Exec says China's growth horizon will power NIKE brand for next 5-10 yrs
* Exec says planning to double size of current business in China
* Exec says planning to open stores based on brand, like NIKE, or category,
like soccer
* Exec sees $500 million to $600 million in capital investment in
direct-to-consumer business between now and 2015
* CFO says company plans to add 250-300 owned stores worldwide by 2015
* CFO says new stores, combined with growth in existing business, should double
direct-to-consumer business by 2015
* CFO says expects to $2.5 billion in incremental annual revenue ]
* CFO says on balance input costs, such as oil and labor, should rise over next
few years
* CFO sees return on invested capital approaching 25 percent by 2015
((New York Equities Desk; tel: +1 646 223 6000))
(For more news about NIKE Inc click here:) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Exec says over 70 percent of future growth will come from outside North
America
* Exec says China's growth horizon will power NIKE brand for next 5-10 yrs
* Exec says planning to double size of current business in China
* Exec says planning to open stores based on brand, like NIKE, or category,
like soccer
* Exec sees $500 million to $600 million in capital investment in
direct-to-consumer business between now and 2015
* CFO says company plans to add 250-300 owned stores worldwide by 2015
* CFO says new stores, combined with growth in existing business, should double
direct-to-consumer business by 2015
* CFO says expects to $2.5 billion in incremental annual revenue ]
* CFO says on balance input costs, such as oil and labor, should rise over next
few years
* CFO sees return on invested capital approaching 25 percent by 2015
((New York Equities Desk; tel: +1 646 223 6000))
(For more news about NIKE Inc click here:) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
© 2010 AFX News
