Duffy, the Nike analyst, previously told BI that Nike had "de-emphasized some of the wholesale distribution," which had "created oxygen for some competitors to gain shelf space and recognition." ...

with Nike Direct revenues down 13% and wholesale down 3%. Net income, too, fell 26% in the quarter to $1.2 billion, per a company press release. In his first earnings call as CEO, Hill didn’t ...

Nike Inc (NYSE: NKE) ended 2023 by reporting declining revenue and profit despite beating both top and bottom line estimates ...

Nike Direct has gone decently well, but it has damaged the company's wholesale business. China has been in a downturn for many companies, not just Nike. In the recent quarter, sales declined ...

His team plans to reinvest in brand storytelling and "build back an integrated marketplace across NIKE Direct and wholesale. Added Hill, "This isn't going to be easy, but we're ready for the ...

support on-the-ground teams in major cities and countries and re-construct an integrated marketplace across Nike Direct and Wholesale. Some products that are "distinctly Nike" and are already ...

This led to lower-than-planned retail sales, including wholesale partners, due to slightly higher inventories leading to increased promotional activity to drive conversion. Sales at NIKE Direct ...

More than 20 years since the basketball great retired, Nike’s Jordan premium sub-brand remains the gold standard for sports marketing, generating $7 billion in wholesale-equivalent sales in ...