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Nike Inc. (NYSE: NKE) shares rose 2.85% on Wednesday to close at $ 54.94 as the biggest gainer component of the day’s gains as the three major stock indexes plunged, boosting the market’s stimulus stimulus on the investment day. . Nike Inc.cheap air max 93,Nike Group said Wednesday at its Investment Day event that Chief Executive Mark Parker announced a halt to the $ 50 billion sales target for 2020 and the relaunch of the new five-year plan. In fact, according to the current development of the group, the proposed 50 billion U.S. dollar plan in 2015 has already been taken aback. FactSet estimated the group’s sales in 2020 to be only 40.9 billion U.S. dollars. Over the next five years, the Nike Group expects high single-digit CAGR for revenue, largely benefiting from the Group’s Consumer Direct Offense strategy, released in June of this year, which expects the Group to focus on its core markets and shift to direct operations Channel at the same time focus on digital. Mark Parker predicts that in the next five years, the group’s e-commerce revenue growth will be 15-30%, sales growth will be 50% from the new category, and 75% from outside the United States. The group expects North American operations to have median-single-digit growth in the next five years, while medium-to-high single digit growth in the EMEA market and Greater China is still the fastest-growing market, with double-digit increases expected in the next five years The APLA market has high-digit to low double-digit increases. Nike Inc. Nike Group Wednesday’s Investment Day activities also demonstrated its determination to improve the supply chain, the Group’s product and commercial director Mark Spillane said that as part of the five-year plan, the group will cut half of the design and manufacturing process to 6 month. The executives at the U.S. group said the Nike Group at Nike Inc. is undergoing a massive transformation in which the retail industry accelerated consolidation over the past 12 to 24 months, forcing the Group’s strategy to shift more toward the consumer side while accelerating supply chain and product development process. More than just Nike Inc. Nike Group, the global apparel retail industry has already begun to fast fashion, in response to the rapidly changing consumer market and consumer tastes. After streamlining the production process, Nike Inc.’s Nike Group’s goal is to complete all product updates and minor design changes in 90 days and complete product molding in two days. Previously, Nike Inc. Nike Group design, production process takes at least a year. Nike Inc. Nike Group in the supply chain is another fast fashion logo, is hoping to be localized. The U.S. group has been suppressed by Adidas AG (ADS.DE) over the past year and a half, while the German group has been fast-fashioned through automated production and supply chain localization. At the end of 2015, German sporting goods giants launched Speed ​​Factory, a new plant based on artificial intelligence that was set up in Germany, and the plant is considered an Adidas AG Adidas Group’s future-oriented attempt. In order to adapt to the faster pace of major new markets and inventory turnover in Europe and the United States, the suppliers of NEO, a brand under the German group, have moved closer to the European and North American markets.
Trevor Edwards, president of Nike Nike, the American namesake brand, said focusing on the consumer side requires the brand to get out of the nondiscretionary retail channel, arguing that mediocre retail outlets can not survive. At the end of June annual report disclosure, Nike Inc. confirmed that it was selling social media Instagram through Amazon.com Inc. (NASDAQ: AMZN) Amazon and the pictures. The company also said on Wednesday that in addition to the continued and traditional channels of Foot Locker Inc (NYSE: FL) In partnership with Nordisk Nordstrom Inc. (NYSE: JWN), new partners Amazon and Farfetch are all important. nike.com ranks second in the list of most teenagers in the United States, second only to Amazon.com, but with a 43% share, nike.com only 6%, slightly behind third with 5% American Eagle Outfitters Inc. (NYSE: AEO) website. For cooperation with Amazon, Mark Parker said both sides learned a lot from each other.