Nike Says Revenue To Jump Over 40% by 2015

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(Reuters) — Athletic gear giant Nike Inc (NKE.N) expects its revenue to rise more than 40 percent to $27 billion by 2015, helped by demand for its namesake athletic merchandise and fast-growing brands like Converse, the company said on Wednesday. “We’re going to continue to build, fuel and accelerate the Nike portfolio,” said Chief Executive Mark Parker, addressing a crowd during an investor day held in New York.

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