Nike executives discussed plans to ramp up its move away from non-strategic wholesale customers.
E-commerce comprised 54% of total sales during the quarter.
Mall-based industry customer The Buckle thrives during Q3 despite the late start to the back-to-school season.
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Nike disclosed the number of job cuts in a filing with the State of Oregon.
Nearly every brand in the company’s portfolio grew during the quarter. Plus, details about how Sanuk performed.
The industry customer will use the net proceeds from the notes to repay a portion of its term loan facility.
The company managed to increase profits despite the top line challenges from the coronavirus crisis.
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