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Nike CFO Brands This Tech a ‘Critical Enabler’ After Blowout Q1 Earnings

With pent-up demand, speed to market has never been more important. But port congestion, tariff impacts, the Uyghur crackdown and Covid uncertainty is making it difficult to restock the racks. Join Sourcing Journal on July 8 at 2 pm ET to learn how to sidestep the worst of the logistics roadblocks.

Nike had a strong reversal of fortunes in its fiscal first quarter after seeing a net loss of $790 million to close out fiscal 2020, with net income climbing to $1.52 billion, or 95 cents per share, from $1.37 billion, or 86 cents per share, a year earlier. The earnings per share far outperformed the…

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