Nike Doesn't Back Down From $50 Billion USD Target During Investors Day

CEO Mark Parker hosted Nike's annual Investors Day in Portland earlier this afternoon, detailing the company's past performance as well as expectations for the next few years. Investors must have liked what they heard because shares for $NKE have jumped more than two percent. The main question on everyone's mind was whether or not Parker would back down from his 2015 forecast of $50 billion USD by 2020 as a result of weakening markets and surging competitors. Mark didn't address the elephant in ...