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Nike Brushes Off Supply Delays, Expects First $50 Billion Year in 2022

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

Nike generated revenues of $12.3 billion in its fourth quarter, its highest quarterly total ever and up 96 percent compared to the prior year. Even more promising, the athleticwear and footwear giant’s revenues increased 21 percent compared to the fourth quarter of 2019. Upon driving a healthy $1.5 billion net income for the final quarter,…

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