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Nike Will Face Currency Headwinds in FY20 But Looks Ready to Outperform Anyway

COVID-19 recovery is on the horizon but the pandemic's impact on sustainability, retail, product development and consumer buying patterns means the denim industry must evolve. Join Rivet on April 20th at 11 am ET for the COVID, One Year Later roundtable.

A new report released by Wedbush Securities casts doubt on Nike’s assertion that it will be able to avoid currency headwinds in the back half of FY20, although the brand is still expected to outperform throughout the fiscal year. In the report, Wedbush analyst Christopher Svezia said the firm’s data showed that the impact of…

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