Find in the news:
BY COUNTRY

Nike reports on success and makes plans for the future



The famous manufacturer of sports goods reported the successful completion of the next quarter and made plans for the near future.
Nike store - depositphotos

Nike has published a report on the results from the last fiscal quarter. It reported $11.2 billion in revenue, which is 9% more than during the same period the previous year. Net income rose 12% to $1.3 billion. We also managed to normalize the situation with excessive stocks; excellent results, considering all today's economic difficulties.

At the same time, growth in the digital segment was 84%. It is the third consecutive quarter in which the company's online sales are up about 80%. According to CEO John Donahue, who said during a conference call with analysts, Nike Digital now accounts for 25% of Nike's business in North America. The number of users of Nike's mobile app grew 200% during the quarter.

The company's management also talked about its plans for the near future, according to the report. Despite the growth of online sales, Nike will not abandon the offline segment and plans to open 30 branded stores. The company will continue to focus on direct channels, paying less and less attention to the wholesale partners. Sales of Nike Direct, a direct-to-consumer business unit, rose 32% to $4.3 billion in the past quarter, primarily driven by the digital segment.

Wholesale sales for Nike are slowly receding into the background. Over the past three years, the company has cut the number of retail partners in North America by 30%. And it has even led to the reduction of the number of head office employees responsible for interaction with wholesalers.

The main areas for development are women's goods, clothing, digital, and the Jordan brand. Over the past quarter, the retailer expanded its children's product line and will continue to develop this sector actively.

Photo credit: depositphotos.com.

More about shopping malls in the USA



TODAY, Finland:
Havaianas has launched a captivating 149-square-metre pop-up store on 33 avenue des Champs-Élysées in Paris.
YESTERDAY, France:
A Brazilian cash-and-carry concept known for competitive pricing and volume discounts.
Jun 21, 2024, USA:
The first Netflix Houses are scheduled to debut in Dallas and Philadelphia.
Jun 21, 2024, France:
The Chalk store concept reinforces Calvin Klein’s modern, minimalist and sensual design.
Jun 20, 2024, France:
Nicolas Houzé, CEO of Galeries Lafayette, has outlined ambitious growth plans for 2024.
Jun 19, 2024, France:
Mango’s growth strategy also encompasses 15 new boutiques in Italy this year.
Friend
and Follow
Designer Outlet Malaga GLA:322 917 SF
ADDRESS: 29004, Málaga, Spain
Spain . Malaga
Designer Outlet Malaga
Westfield Santa Anita ADDRESS: 400 S. Baldwin Ave. Arcadia, CA 91007
USA . Arcadia
Westfield Santa Anita
Dania Pointe GLA:975 000 SF
ADDRESS: 292-344 North Bryan Road, Dania Beach, FL 33004
USA . Fort Lauderdale
Dania Pointe
Mall of Scandinavia GLA:1 087 155 SF
ADDRESS: Evenemangsgatan 11 169 56 Solna
Sweden . Stockholm
Mall of Scandinavia


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us