Published 1 year ago

Nike sales to gain from Adidas-Kanye split, Jordan Retro demand

Summary by Ground News

Nike (NKE.N) expected to report a rise in third-quarter revenue and grow its market share through 2023. Adidas' split with designer and rapper Kanye West caused the German company to lose about $600 million in quarterly sales. Nike has also doubled down on its product lines such as the LeBron 20s and Nike Mercurial shoes.

0 Articles

All

Left

Center

Right

Reuters

Nike sales to gain from Adidas-Kanye split, Jordan Retro demand

Nike is expected to report a rise in third-quarter revenue and grow its market share through 2023, helped by major rival Adidas' split with designer and rapper Kanye West that caused the German company to lose about $600 million in quarterly sales.

1 year ago·United Kingdom

Read Full Article

The Epoch Times

Nike Sales to Gain From Adidas–Kanye Split, Jordan Retro Demand

Nike is expected to report a rise in third-quarter revenue and grow its market share through 2023, helped by major rival Adidas’ split with designer and rapper Kanye West that caused the German company to lose about $600 million in quarterly sales. Nike is also expected to get a boost from higher sales of its Jordan Retros and some newer launches as the world’s No. 1 sportswear maker stays ahead of rivals through its innovative product lines. “T…

1 year ago·New York, United States

Read Full Article

WTVB

Nike sales to gain from Adidas-Kanye split, Jordan Retro demand

By Ananya Mariam Rajesh and Granth Vanaik (Reuters) - Nike is expected to report a rise in third-quarter revenue and grow its market share through 2023, helped by major rival Adidas' split with designer and rapper Kanye West that caused the German company to lose about $600 million in quarterly sales. Nike is also expected to get a boost from higher sales of its Jordan Retros and some newer launches as the world's No. 1 sportswear maker stay…

1 year ago

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year

Ground News Article Assistant

Not enough coverage to generate an Article Assistant.