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Nike: 3-Week Shipping Delays Dampen North American Sales

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.

While overall third-quarter revenues at Nike were down 1 percent to $10.4 billion year over year on a currency-neutral basis, below the $11.02 billion expected by analysts polled by Refinitiv, the athleticwear and footwear giant was largely held back by its biggest market due to pervasive supply-chain issues that have rattled all of apparel. North…

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