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Revenue at Nike grows 2% year-over-year in Q1, with digital up 2%, Nike Direct up 6%, wholesale flat to last year, inventory load down 10%; by category, footwear grows 4%, equipment up 9%, while apparel falls 1%
Published: September 29, 2023 by Retail Dive
Circana expects US footwear sales to fall in holiday season after 3% drop in sales revenue from January to August 2023; dollar and unit sales in 2024 expected to flatten as average prices also level off, and success will be measured by market share gains
Published: September 27, 2023 by Circana Group
Jefferies downgrades Nike to hold from buy and cuts target to US$100 from US$140, citing pressure on wholesale channel and macroeconomic challenges in China; consumer survey results suggest reduced spending in US, particularly in apparel and footwear
Published: September 25, 2023 by Investing.com
Luxury sneaker brand Athletic Propulsion Labs partners with AI-powered fitting platform True Fit to boost e-commerce performance; so far, APL says True Fit's personalized recommendations have seen company grow its revenue by 2%, reduce its returns by 15%
Published: September 21, 2023 by Retail Dive
Lenkki begins manufacturing shoe soles from discarded Nokian winter tires, replacing oil-based materials with one-third recycled raw material from Finnish Tyre Recycling; shoe soles to be featured at the Lineapelle trade fair in Milan
Published: September 21, 2023 by M-Brain Nordic News

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