Nike reports spike in online sales
- Added:
- Feb 02, 2009
Sports brand Nike has seen a sharp increase in online sales as shoppers look to cut costs during the recession.
Speaking at the World Economic Forum on Saturday, Mark Parker, Nike CEO, said: "We've seen a fairly dramatic increase in online sales."
He added that the rise as driven in part by cost-conscious shoppers conserving petrol.
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Nike, the world's largest athletic shoe and clothing maker, last month reported a 9 percent rise in quarterly net profit.














