Nike trainer sales have declined by 24%, but overall revenue and profits remain strong.

From Google News: 2024-08-24 05:35:01

Nike trainer sales have declined by 24% in the last six months, prompting concerns about a burst in the popular footwear bubble. Despite the decrease in sales, Nike’s revenue remains strong, with profits increasing by 10% in the same period. This drop in trainer sales has had a significant impact on Nike’s stock price, leading some analysts to question whether the brand’s dominance in the market is starting to wane. However, Nike remains optimistic about its future growth prospects and continues to innovate in order to maintain its position as a top athletic shoe retailer.



Read more at Google News: Money blog: Has the Nike trainer bubble burst? – Sky News