Nike, despite a lackluster Q3 performance, remains bullish according to UBS. The company is scaling back production of some designs to boost demand and combat discounting amid its worst sales slump in a decade. Nike's digital ecommerce sales struggled in most markets but grew by 1% in North America during Q3 fiscal 2024. Additionally, Nike has hired Tim Hamilton as the vice president of men's apparel design.
.@Nike Digital ecommerce sales suffered in all markets except North America, where they grew 1% in Q3 fiscal 2024. https://t.co/Jr2dcP2rog #ecommerce #digitalsales #ecommercesales #onlineretail
πΊπΈ Nike hires Tim Hamilton as vice president of menβs apparel design https://t.co/0jfQEJvOno
"It was worth a shot." π https://t.co/7RkO5MmveO https://t.co/13GljYdsg0
Unicode Consortium // Louis Vutton collab on new premium luxury code points for π§₯π’π₯Ώπ in their spring line
.@Nike is scaling back production of several designs including Nike Air Force 1 and Nike Pegasus sneakers to increase demand and prevent discounting. This comes as the footwear company faces its worst sales slump in a decade. https://t.co/wW9BlO5yBs https://t.co/ybsWPBnGCt
Nike Earnings Reveal Shift Away From Trendy Apparel https://t.co/m0fW9EboWb https://t.co/hkL5rt5DWe
UBS explains why it remains bullish on Nike despite lackluster Q3 print https://t.co/rkqCSc65iA https://t.co/ekDRFtCqI9