Nike sees supply chain challenges ahead


Nike reported a 16% increase in revenue for the quarter ending Aug. 31 compared to the same period last year, adding that further growth was hampered by supply chain disruptions. The brand trimmed its outlook for the full 2022 fiscal year, citing shutdowns of factories in Vietnam, where Nike manufactures more than half of its footwear and around 30% of its clothing.

Full story:

NRF SmartBrief

News and trends about the U.S. Retail industry

Designed specifically for retail professionals, NRF SmartBrief is a FREE daily e-mail newsletter. It provides the latest need-to-know news and industry information that maximizes your time, giving you an edge over your competition.