NetworkNewsBreaks – Nike Inc. (NYSE: NKE) Featured in Analysis Report
Nike (NYSE: NKE), the world’s leading designer, marketer and distributor of authentic athletic products, was featured in a recent analysis report that discussed a surge in digital purchases that has significantly driven its revenue. The report, written by LikeFolio Founder Andy Swan, reads, “Last quarter, Nike was dinged after reporting a net loss as store closures, lack of sports/recreation activities and shipping/return-related expenses put pressure on profits. BUT digital purchases increased 75% YoY, comprising 30% of total revenue (and prematurely hitting 2023 digital goals). LikeFolio data confirms that this direct-to-consumer activity continues to grow. Mentions of ordering from Nike or…







