The sports and fitness retailer, which saw sales soar since the start of the pandemic, is one of Nike’s most important retailers in its direct-to-consumer focused era.
The key retail metric of same-store sales surged 21 percent — more than double the estimate of analysts compiled by Consensus Metrix.
This week Gianfranco Gianangeli was named chief executive of Maison Margiela, while Hermès veteran Bali Barret announced her departure after 17 years at the company.
For decades, corporate neutrality was the norm, but with a presidential election looming in the US, 2020 is set to be different. If they take the right approach, businesses can turn the next 11 months into an authentic branding opportunity, argues Hildy Kuryk.
The athletic and outdoor retailer expects full-year earnings of $3.30 to $3.45 a share, higher than its previous projection and analyst expectations.
Following the decision to sharply scale back the sale of guns, the sportswear retailer's strong results have signalled its ability to compensate.
The company cites its decision to stop certain gun sales as a main reason for losing ground in the fiscal fourth quarter.
Profit, revenue and same-store sales all missed projections.
Neutrality on political issues was once the norm, but millennial spending power and political polarisation mean it's now riskier to be neutral than to take a stance.
One of the largest outdoor-gear retailers in the US is immediately ending sales of assault-style rifles in stores.
Innovative retail and marketing concepts, as well as designer and celebrity collaborations have helped drive success in the athleisure sector.
Nike has top billing among sports brands at the Rio Olympics, but a week into the Games, its stock is losing to Adidas and Under Armour.