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

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

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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