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Feb 13
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$70.18
$70.13
-0.1%
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N/A
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Finnhub News
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Finnhub - URBN
Urban Outfitters Inc (NASDAQ:URBN) Presents a...
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Feb 11
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$70.52
$70.13
-0.6%
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LONG
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Elliott Hill
CEO, Nike
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Speaker admits they are "getting back in with the wholesale partners" and acknowledges the need to provide "depth" of inventory to drive "revenue and profits for our retailers." Explicitly mentions working with Urban Outfitters, Macy's, and Amazon. For years, Nike starved third-party retailers of its best inventory to force customers to Nike.com. This reversal means these retailers will regain access to high-velocity Nike SKUs, which drives foot traffic and high-margin sales for them. LONG the retailers regaining access to the Nike ecosystem. Nike demands lower wholesale margins; consumer spending softens globally. |
Bloomberg Markets
Nike CEO on Turnaround Plan, ACG Relaunch, Co...
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