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Nike reported earnings on Thursday as investors remain focused on any signs of a consumer slowdown in North America and slower growth in China.
The footwear giant's China business is still in recovery mode after pandemic-related supply chain issues and a boycott among Chinese consumers toward Western brands caused Nike sales to take a hit ...
The company works closely with NIKE, UNIQLO, adidas, PUMA, lululemon, and many others. [1] [3] In response to global apparel demand, it established production bases in Phnom Penh, Cambodia; Ningbo and Anqing, China; and Ho Chi Minh City and Tây Nihn, Vietnam. [1] [4]
It also sells its products on a wholesale basis to overseas customers, as well as to overseas distributors who then sell the products to consumers, retailers or sports teams and clubs. In mid-2009, Peak Sport Products Company had a distribution network of 5,667 authorized Peak retail outlets in China, which were operated either by the Peak ...
Nike, Inc. has been accused of using sweatshops and worker abuse to produce footwear and apparel in East Asia. After rising prices and the increasing cost of labor in Korean and Taiwanese factories, Nike began contracting in countries elsewhere in Asia, which includes parts of India, Pakistan, and Indonesia.
Nike's leadership is bullish on China and said partnerships with the country's leading digital platforms are driving momentum. The sneaker giant posted second-quarter revenue of $1.38 billion for ...