Downloads of Nike mobile apps for the quarter were down 35% from a year earlier, according to market intelligence firm Sensor Tower. Foot traffic at Nike stores was down 11%, according to data compiled by Raymond James. Foot Locker, a major Nike retailer, disclosed in its earnings on March 5 that promotional pressures would hurt […]
The company said on Thursday it was expecting third-quarter revenue to drop to low double digits after the embattled sportswear seller’s quarterly results beat market estimates. Elliott Hill, in his first public address as CEO on the post-earnings call, said Nike had “lost its obsession with sport” and vowed to put it back on track […]
Nike shares closed Friday up more than 15%, hitting a record intraday high; after the sneaker maker forecast full-year sales topping $50 billion; as its North American business rebounds from the lows of the coronavirus pandemic. Also, in greater China sales appear to be improving with Nike management; saying the company is confident about its ability […]
