Retail News

Shipping issues hurting Nike’s sales

Reuters 03/19/2021

Nike’s North American revenues fell short of analysts’ expectations in the most recent quarter as container shortages and congestion at U.S. ports held up distribution of the company’s products. Shares of the company were down three percent in after-hours trading even though Nike expects to recapture revenue going forward that has so far been lost to its supply chain issues.

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