"Hungry" Nike sees 53 pct sales growth over 5 yrs
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BEAVERTON, Oregon  - Nike Inc. Chief Executive Mark Parker said on Tuesday worldwide revenue could rise 53 percent to $23 billion within five years, as it tries to foster more loyalty among customers to its iconic brand.
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U.S. chain store sales rose for the  fifth consecutive week, due to shopper appetite for  post-holiday clearance sales and redemption of gift-cards, a  report said on Tuesday.
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Nike Inc. , the world&#039;s top  athletic shoe maker, said on Tuesday that fourth quarter net  profit fell 5 percent due to a one-time charge, sending its  Shares down 2 percent in after-hours trade.
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German sports goods firm Adidas-Salomon sees a recovery with rising sales in its key U.S. market, it said on Tuesday, as it took on archrival Nike on its home turf by sponsoring the U.S. soccer league.
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The company reported profit of $5.83 billion for the year as demand for its upscale sedans and SUVs led to a surge in sales.
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Nike Inc  posted on Thursday  a 51 percent rise in quarterly net profit, helped by a tax  benefit and a weak-dollar boost to revenue, and its shares rose  1.6 percent as the results topped Wall Street targets.
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Nike Inc. , the world's No.  1 sport shoe and apparel maker, on Thursday posted quarterly  earnings above Wall Street targets, boosting its shares nearly  6 percent and easing some fears that pricey styles bearing its  signature swoosh were losing their luster.
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The Generation Y-focused marketer's shares were near 52-week highs yesterday.
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Nike co-founder Phil Knight, who at 24 sold shoes out of his car before eventually helping build the most lucrative footwear and apparel company in the world, announced Thursday that he would
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Nike Inc. , the world's largest athletic shoe company, on Monday reported higher quarterly profit on strong demand for its namesake products in the United States.
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McDonald's Corp. MCD.N on Thursday  said sales at its namesake restaurants open at least 13 months  rose 4.2 percent in November as U.S. results were boosted by an  "Incredibles" Happy Meal tie-in.
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The cereal and packaged foods company earned $390.5 million as revenue growth offset rising ingredient costs, marketing spending and recall expenses.
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McDonald's Corp , the world's  largest fast-food chain, said on Friday that sales at  restaurants open at least 13 months rose 5.7 percent globally  in January, but sales growth in the U.S. lagged.
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Nike Inc. NKE.N on Thursday said its  second-quarter earnings rose a surprisingly large 46 percent on  strong sales in the United States and in emerging markets like  China, while a weaker dollar beefed up profits in Europe.
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Nike Inc. NKE.N, the world's  largest athletic shoe company, on Monday reported higher  quarterly profit on strong demand for its namesake products in  the United States.
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Nike Inc  said on Wednesday that quarterly profit jumped 10 percent, topping Wall Street estimates, on strong international demand and higher margins, sending shares up 2 percent in after-hours trade.
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Nike Inc. NKE.N, the world's No.   1 sport shoe and apparel maker, on Thursday posted quarterly   earnings above Wall Street targets, boosting its shares nearly   6 percent and easing some fears that pricey styles bearing its   signature swoosh were losing their luster.