Nike Inc

Nike (NKE) Q3 earnings 2023

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Nike beat Wall Street’s expectations for its fiscal third-quarter earnings and revenue. The retailer has been contending with a glut of inventory and soft sales in China as the region recovers from the Covid pandemic. Investors have been watching to see if Nike’s gross margins improve from its direct-to-consumer channels. Nike easily beat Wall Street’s … Read more

Retailers roll out recession playbook

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Retailers including Target, Macy’s and Kroger previewed their recessionary playbooks in recent earnings reports. The companies’ strategies include stocking up on high-frequency items like food, becoming more strategic about discounts and winning more of loyal customers’ wallets. A woman carries bags of merchandise from J.Crew, Nordstrom, UGG, and Victorias Secret at the King of Prussia … Read more