The company plans to keep the shift going. By 2025, it expects direct sales, led by its digital channels, to reach 60% of its business.
Retail giant sees stock soar 12% in after-hours trading after exceeding forecasts.
Nike hasn’t paid a cent in federal income taxes for three years – study by the Institute on Taxation and Economic Policy.
Congested ports in the United States and ongoing store closures in Europe weighed on Nike’s sales during its fiscal third quarter, the company said Thursday.
The sportswear giants’ Q2 revenue came in at $11.2 billion vs. $10.55 billion expected and $10.33 billion year over year.
The US company saw digital sales rocket 82% during the June to August quarter, offsetting falling revenue in its stores. …