Bloomberg Intelligence analyst Poonam Goyal wrote that out of the last quarter's results, "better-than-expected wholesale and apparel revenue were the standouts, with each besting consensus by a wide ...
Gary Drenik: Brands have relied on wholesale operations for decades ... You can see these dynamics playing out in apparel and accessories right now. Nike is a trailblazer in the DTC space ...
"better-than-expected wholesale and apparel revenue were the standouts, with each besting consensus by a wide margin." Hill's comments come shortly after Nike and Foot Locker announced that they ...
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 ...
in footwear and apparel, and in both Nike Direct and wholesale. So the entire business is doing poorly. Guidance didn't provide a reprieve. Management is forecasting a weak second half of its ...
What’s missing in the plan is the role of NIKE’s other wholesale partners ... are now focused more on technology and not shoes and clothing. The old axiom that ‘shoes are to a teenage ...
Nike (NKE) has faced a difficult few years, with its stock dropping 29% year-to-date and more than 50% over the past three years. While Nike has struggled to maintain investor confidence, the athletic ...