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David Swartz, Morningstar Research Equity Analyst, joins Yahoo Finance Live to breakdown Nike's latest financial results, supply chain challenges and the company's move to cut revenue forecasts.
Raymond James Managing Director and Senior Research Analyst Olivia Tong joins Yahoo Finance Live to discuss consumer spending, supply chain woes, retail inventory, and the outlook for Nike ...
Company shares shot up about 3 percent in after-hours trading, as a result. “Nike’s strong results this quarter provide further Nike Logs $1.3 Billion Profit, But Supply Chain Issues Persist
Nike, Inc. [note 1] (stylized as NIKE) is an American athletic footwear and apparel corporation headquartered near Beaverton, Oregon, United States. [6] It is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of US$46 billion in its fiscal year 2022.
NIKE, Inc.'s (NYSE:NKE) investors are likely not happy with stock's performance in 2021, as it has been lagging the broad market by a fair bit. However, stock positively surprised on the latest ...
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.
The next day, Nike intercepted another eight of these “over-labeled” cartons, which contained shoes “unavailable for sale or resale within their worldwide supply chain,” Sternin wrote.
In 2004, she became Vice President of Corporate Responsibility & Labor Compliance of Nike, Inc., where she oversaw the company's global philanthropic efforts, sustainability strategy, and labor rights in the supply chain.
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