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Wholesale

All articles tagged with #wholesale

business3 months ago

Nike Surpasses Expectations with Unexpected Sales Growth Despite Challenges

Nike's sales exceeded expectations with a 1% decline driven by strength in North America and its running business, as the company refocuses on sports-specific products and rebuilds retail relationships amid ongoing challenges in China and with its Converse brand. CEO Elliott Hill's restructuring efforts, including product redesigns and strategic partnerships, are contributing to a potential turnaround, though challenges remain.

via Bloomberg.com|
#business#nike#performance
business1 year ago

"Nike CEO Reverses Course, Embraces Wholesale Retailers Again"

Nike CEO John Donahoe acknowledged that the company had moved too far away from wholesale partners in its pursuit of a direct-to-consumer model, leading to a shift in strategy to embrace wholesale retailers like Macy's and DSW again. The move comes as Nike faces criticism over product assortment and market share loss, prompting a broad restructuring plan and job cuts. Donahoe emphasized the importance of offering consumers choices across multiple channels, including digital, Nike stores, and wholesale partners.

via CNBC|
#business#digital-transformation#nike
business1 year ago

Nike's Strategic Shift: Addressing Revenue Flatline and Market Share Loss

Nike's Q3 revenues remained flat at $12.4 billion, prompting CEO John Donahoe to acknowledge the brand's underperformance and announce a shift back to wholesale and product innovation. The company's consumer direct revenues were up slightly at $5.4 billion, while digital sales fell 3%, leading to a 3% growth in wholesale to $6.6 billion. This strategy pivot follows a $2 billion cost-savings plan announced in December and aims to address concerns about the brand's lack of innovation and its focus on where products are sold rather than what is being sold.

via Retail Dive|
#business#dtc-strategy#nike
business1 year ago

Nike's Struggle: Admitting a Problem and Seeking Solutions

Nike's CEO John Donahoe admitted the company's underperformance and outlined plans to address it, including a focus on sport, new product innovation, bolder marketing, and increased investment in wholesale partnerships. The company is returning to some previously exited wholesale accounts and emphasizing innovation, particularly in its Air platform. However, challenges remain, including employee turnover affecting innovation, and the need to balance newness and innovation with existing product franchises. Nike's fiscal third quarter results showed growth in performance footwear and strong consumer response to new products, but the company faces headwinds in certain areas and is restructuring to sharpen its focus and increase investment in consumer-facing activities.

via SGB Media|
#business#innovation#nike
business2 years ago

Costco Implements Stricter Measures Against Membership Sharing

Costco is cracking down on membership sharing by requiring identification at all registers, including self-checkout lanes. The popular shopping secret of using someone else's membership card or QR code to access Costco's low prices without paying an annual fee will no longer be possible. The company stated that nonmember shoppers had been using other people's membership cards in the self-checkout lanes, which goes against Costco's policy of nontransferable membership cards. The move aims to ensure that nonmembers do not receive the same benefits and pricing as members.

via The New York Times|
#business#costco#membership-sharing
business2 years ago

Inflation eases to lowest level in two years, but rising prices in certain sectors remain a concern.

Wholesale inflation in the US rose less than expected in April, with the producer price index climbing 0.2% from the previous month and 2.3% annually, the lowest level in two years. However, core inflation rose 0.2% for the month, up from 0% in March, and the services index climbed 0.3%, with more than one-third of that increase traced to a 4.1% rise in prices for portfolio management. The data comes a day after the Labor Department reported that the consumer price index jumped 0.4% in April, with the annual inflation rate coming in slightly lower than expected at 4.9%.

via Fox Business|
#business#consumer-prices#federal-reserve
business2 years ago

Mixed Signals: Wholesale Inflation Drops, but Energy Prices Rise.

Wholesale inflation unexpectedly fell 0.5% in March, the biggest drop in three years, according to the Labor Department. The producer price index, which measures inflation at the wholesale level before it reaches consumers, was down from the previous month, while annual prices were up 2.7%. The figures were both lower than expected, a welcome sign for the Federal Reserve as it seeks to cool price gains and tame consumer demand with the most aggressive interest rate hike campaign since the 1980s.

via Fox Business|
#business#economy#federal-reserve