Digital Sales Surge Fuels Nike Earnings Beat
“We know that digital is the new normal. The consumer today is digitally grounded and simply will not revert back."
Nike to Cut Jobs As Part of Digital Sales Push
The footwear giant says the “strategic alignment” of its operating model will “create even greater focus and agility."
CFOs On the Move: Week Ending February 21
Vox, Volkswagen, Nike, Groupon, DuPont, House of Saka, Yelp, Mondi, Russel Metals, Endo International, TriNet
Nike Beats Estimates as Digital Sales Rise 38%
“Nike delivered another strong quarter of accelerating, high-quality growth, driven by strategic and targeted investment in our digital transformation."
Nike Gets Blockchain Patent To Let Users ‘Breed’ Own Shoes
The registration of the product on blockchain would allow users to "securely sell or trade" the tangible form of the shoes, Nike said.
Fanatics Hires Nike Exec Mich Chandlee as CFO
Chandlee "understands the economics of the sports apparel industry and the power of product, brand, technology, and channel innovation."
Nike Buys Predictive Demand Company Celect
The deal is part of the company’s push to emphasize direct-to-consumer sales.
EU Fines Nike Over Restrictions On Cross-Border Sales
The case involved "geo-blocking" of the merchandise of top European football sports franchises.
Nike Shares Fall 4% Despite Q3 Earnings Beat
The company reported weaker-than-expected revenue growth in North America but online sales topped $1 billion for the first time.
Nike Likely to Win with Bold Kaepernick Move
Short-term hits to Nike's stock price and sales should give way to a more passionate customer base over the longer term, a top marketer says.
Foot Locker Beats Estimates, Stock Climbs 26%
The struggling retailer's key metrics all declined in Q3 but Wall Street was expecting a "much more severe fall from grace."