Donahoe was tasked with turning Nike into a tech powerhouse. His first point of call: Bolster the company’s DTC sales channels and cut reliance on wholesale partners. Then reality reasserted itself.

Nike (NYSE: NKE) was once a surefire moneymaking machine for shareholders. The global sportswear leader produced a monster total return of 3,600% in the 20-year period that ended November 2021, almost ...

He executed layoffs, restructured the company’s design and development teams, and spearheaded Nike’s direct-to-consumer strategy, moving away from wholesale retailers. “The move diminished ...

Nike has said it can make more than double the profit selling goods through its own website and physical stores than it can through wholesale partners. Nike has executed a strategy to focus its ...

Shares of Nike (NKE) are rallying after the company ... Yih believes he will prioritize relationships with wholesale retail partners: "It's the base for kind of the brand strength going forward.

Clark, a Nike brand ambassador, also appeared on the company's website after it was announced she won ROTY. Clark and Nike have partnered since she was in college. The former Iowa Hawkeye was one ...

It’s safe to say Nike’s retro-yet-futuristic Foamposite line is having a moment. Not only has the brand itself issued a number of popular styles this year, but it’s having a trickle-up ...

Nike stock (NKE) sank more than 6% on Wednesday after the company reported fiscal first quarter revenue that missed estimates and withdrew its outlook for the year amid a CEO transition.

As the share leader in most countries, Nike is positioned to benefit. As a worldwide business, Nike has felt the effects of issues like the war in Ukraine, shipping delays, currency volatility ...

By selling channel, Nike direct revenue fell 13% to $4.7 billion, and wholesale revenue slipped 8% to $6.4 billion. On a positive note, the company managed to expand its gross margin by 120 basis ...

Oct 1 (Reuters) - Nike withdrew its annual revenue forecast on Tuesday, just as a new CEO is set to take the helm at the sportswear giant that is staring at a holiday season likely to be filled ...

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