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Fashion Jobs
H&M
Area Manager - Vietnam
Permanent ·
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Manager Quality Continuous Improvement Footwear
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Nhân Viên tư Vấn Bán Hàng Toàn Thời Gian Khu Vực Crescent Mall
Permanent · HO CHI MINH CITY
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3pl Business Expert - Warehouse Operations
Permanent · BIEN HOA
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Distribution Center Manager
Permanent · BIEN HOA
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Store Department Manager (Quản lý Ngành Hàng Tại Cửa Hàng) - đà Nẵng Based
Permanent ·
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Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Khu Vực Vincom Ocean Park
Permanent · HANOI
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Nhân Viên tư Vấn Bán Hàng Toàn Thời Gian Khu Vực Aeon Mall hà Đông
Permanent · HANOI
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Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Khu Vực Aeon Mall hà Đông
Permanent · HANOI
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Department Manager (Quản lý Ngành Hàng) - Khu Vực Ocean Park Gia Lâm
Permanent · HANOI
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Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Khu Vực Crescent Mall
Permanent · HO CHI MINH CITY
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3pl Business Expert - Allocation
Permanent · BIEN HOA
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Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Khu Vực Mega Mall Royal City
Permanent ·
H&M
Nhân Viên tư Vấn Bán Hàng Toàn Thời Gian Khu Vực Vincom Times City
Permanent · HANOI
H&M
Nhân Viên tư Vấn Bán Hàng Toàn Thời Gian Khu Vực Aeon Mall Tân Phú
Permanent · HO CHI MINH CITY
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Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Tại Vincom Plaza hạ Long
Permanent · HẠ LONG
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Visual Merchandiser (Phụ Trách Trưng Bày Làm Việc Tại Cửa Hàng) - hà Nội Based
Permanent · HANOI
H&M
Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Khu Vực Times City
Permanent · HANOI
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Visual Merchandiser (Phụ Trách Trưng Bày Sản Phẩm) - Khu Vực Ocean Park Gia Lâm
Permanent · HANOI
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Nhân Viên tư Vấn Bán Hàng Toàn Thời Gian Khu Vực Mega Mall Royal City
Permanent · HANOI
H&M
Visual Merchandiser (Phụ Trách Trưng Bày Làm Việc Tại Cửa Hàng) - hồ Chí Minh Based
Permanent · HO CHI MINH CITY
H&M
Nhân Viên tư Vấn Bán Hàng Khu Vực Royal City - hà Nội (Bán Thời Gian và Toàn Thời Gian)
Permanent · HANOI
By
Reuters
Published
Dec 20, 2019
Reading time
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Nike quarterly results beat, yet North America sales miss

By
Reuters
Published
Dec 20, 2019

Nike Inc's quarterly revenue and profit blew past Wall Street expectations on Thursday on strong sales in China, but lower-than-expected growth in North America, its biggest market, overshadowed the beat.


Nike


The world's largest footwear maker faces intense competition from brands like Adidas , Skechers and VF Corp's Vans in North America, even as it pushes to sell exclusive merchandise through its tap-and-buy SNKRS app and retail stores.

In its attempt to gain market share over rivals, Nike has collaborated with celebrities, ramped up sneaker launches and increased marketing around major sporting events.

In November, the company ended a two-year-old partnership with Amazon.com Inc to sell Nike's merchandise directly on the online retailer's website, to focus more on sneaker launches on its own digital platforms.

Nike's revenue from North America rose 5.3% to $3.98 billion in the second quarter, compared with the previous year's 9% rise, but missed Wall Street expectations of $4 billion.

"The comparisons are getting tougher in North America. It's partially that - this recovery for the Nike brand started last year and it really accelerated (that time)," Telsey Advisory Group analyst Cristina Fernandez said.

The company's gross margin of 44% was also slightly below estimates of 44.1%, hurt by higher product costs due to incremental tariffs in North America.

Nike's shares, which hit a record high in regular trading on Thursday, were down about 2% after the closing bell. They have risen 36.4% this year, outpacing the 22% gain in the blue-chip Dow Jones index.

In Greater China, the fastest-growing market for Nike, revenue rose 20% to $1.85 billion. The company recently introduced its app in the country, which outgoing Chief Executive Officer Mark Parker said on Thursday was downloaded 1 million times.

Parker will be stepping down in the new year, handing over control to John Donahoe, the former CEO of online marketplace eBay and cloud computing company ServiceNow.

Nike's net income jumped 31.6% to $1.12 billion, or 70 cents per share, in the quarter ended Nov. 30, while analysts on average had expected 58 cents per share.

Overall revenue rose 10.2% to $10.33 billion, beating the average analyst estimate of $10.09 billion, according to IBES data from Refinitiv.

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