Market Movers

Nike up on demand in North America

Nike said futures orders rose 14 percent.

Seth Perlman/Associated Press

Nike said futures orders rose 14 percent.


Nike rose on second-quarter results that topped forecasts, citing strong demand in North America. Orders for shoes and clothing scheduled for delivery from December 2012 through April 2013 rose 14 percent in North America, Nike’s most mature market. “In North America, we created great momentum,” said chief executive Mark Parker. For the period, Nike earned $384 million, or $1.14 a share, from continuing operations. Revenue rose 7 percent to $6 billion.

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