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ONLN - The Vicious Circle Of Physical Retail Meets The Virtuous Circle Of Digital
ProShares Online Retail
If your business touches retail in any way, it might pay to follow a few important breadcrumbs.
Nike (NKE) posted its lowest quarterly sales in two years, along with a $790 million quarterly loss, when it reported its Q1 2020 earnings in late June. A key driver of the results was a 50 percent reduction in wholesale shipments and canceled orders from physical stores that had closed. That quarter, Nike CEO John Donahoe said that digital represented 30 percent of Nike's sales. He told investors that he plans to drive more than 50 percent of