Nike plans to end partnerships with thousands of online distributors in China starting January, shifting sales to its own website, app, and official stores on Tmall, JD.com, and Douyin. This move aims to create a more consistent brand experience and regain pricing control, despite potential short-term revenue declines in a region where sales have fallen 30% over five years. While some analysts warn this strategy could backfire as it did in North America, Nike's largest distributor in China supports the change, expecting it to foster a healthier retail ecosystem and better consumer experience in the long term.
The latest update on the Dow Dogs stocks reveals that while most remain pricey and offer thin dividends, 21 out of 30 are considered safer due to robust free cash flow supporting their dividend payouts. Analyst projections suggest potential net gains...
Nike shares rose 7% following a broad market rally led by consumer stocks, supported by gains in Deckers and Lululemon. Despite improving margins and cost-cutting efforts, Nike faces a shrinking revenue, especially in Greater China where sales droppe...
