By  on October 15, 2015

Nike Inc. opened the doors to its first Community Store in California — the sixth of its kind — tapping a more than 19,000-square-foot space in East Los Angeles.

The store opening comes a day after the Beaverton, Oregon-based firm said it’s looking to hit $50 billion in revenue by the end of its fiscal year 2020, ending in May, through a combination of strategies that includes growth in the direct-to-consumer business. The company reported annual revenue for the most recently ended fiscal year of $30.6 billion, an increase of 14 percent in constant currency.

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