Direct-to-consumer generated $5.4 billion in revenue in the quarter and is expected to lead growth this fiscal year.
Plus, the company’s CEO addressed the brand’s return to wholesale partners, such as Macy’s.
The appointment of Carver, currently Converse North America vice president and general manager, comes after last week’s multi-executive shuffling at | Read more…
Converse is set to see a new CEO, Jordan Brand has a new president, and several Nike executives received updated | Read more…
Piper Sandler’s semi-annual report on Gen Z consumers sees Crocs, Hey Dude, Ugg, and Hoka make gains.
The company’s fiscal third quarter growth was driven across channels, with digital sales leading the largest sales gain.
Nike’s results in every channel and region buck the narrative about weak consumer spending.
The company said it plans to “throw one or two competitive elbows” as it moves to clear excess inventory. The | Read more…
Nike executives discussed the state of the consumer, and also provided interesting information about Nike’s digital transformation, how they are | Read more…
Foot Locker and Adidas announced a far reaching partnership after Nike’s decision to sell fewer goods to the key footwear | Read more…
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