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Nike launches refurbishment program in 15 stores

Retail industry news, voices and jobs. Optimized for your mobile phone. ....

Anike Community , Dive Brief , Nike Refurbished , Nike Factory , Nike Unite , North Face , நைக் சமூக , டைவ் சுருக்கமான , நைக் தொழிற்சாலை , நைக் ஒன்றுபடுங்கள் , வடக்கு முகம் ,

Global is boring, retail goes local

Fibre2Fashion
Global is boring, retail goes local
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I usually prefer to mention niche players success stories because writing about big players making the right moves is not big surprise. But, when you are an elephant, adapting to changes is not easy neither fast. Even though, a few big apparel companies are dominating the industry showing no weaknesses. In my opinion, two apparel retailers excelling at managing their businesses in the digital era are Zara (Inditex) and Nike.
Nike is becoming a “luxury” company and a “tech” giant as well. Social trends are breaking up traditional borders between sportswear, urban brands and luxury (eg Zegna acquired Thom Browne). Sportswear brands are embracing streetwear and casualw ....

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Nike posts $11B quarter and plans for 30 new stores

Dive Brief:
Just weeks after Lululemon reported revenue that surged 22%, Nike announced an $11.2 billion quarter, up 9% from the previous year. The activewear retailer saw 84% growth in digital, its third straight quarter of roughly 80% growth in that metric, CEO John Donahoe said on a conference call with analysts.
The retailer is not backing off of physical growth, though. Nike opened two Nike Live stores and six Nike Unite stores in the second quarter, and plans to open 30 stores in the second half of the year, Chief Financial Officer Matt Friend said.
Nike Direct sales were up 32% to $4.3 billion, mostly thanks to the digital gains, while by brand, Nike s revenues were $10.7 billion (up 8%) and $476 million for Converse (down 4%), according to a company press release. Net income at the retailer rose 12% to $1.3 billion. ....

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NIKE (NKE) Up on Q2 Earnings & Revenue Beat, Upbeat FY21 View

NIKE (NKE) Up on Q2 Earnings & Revenue Beat, Upbeat FY21 View
Zacks.com
12/21/2020
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NIKE Inc. NKE rose more than 5% after the close of the trading session on Dec 18 on better-than-expected second-quarter fiscal 2021 results, wherein both top and bottom lines improved year over year. Results gained from robust growth in the digital business despite soft retail traffic and wholesale revenues. The company also noted that its holiday season went well with record online sales during the Black Friday week. Moving on, it remains poised to gain from consumers’ increasing preference for digital, athletic wear, and health and wellness.
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