Financial

Nike’s gross margin takes hit on further inventory liquidations

By 2023-03-22T07:15:00

Nike-mobile

Nike senior executives, citing persistent efforts to reduce excess inventory and a prior decision to sharply reduce buys for the spring and summer 2023 seasons, insist the company is positioned to begin its next financial year on June 1 in a healthy merchandise position. “We’re increasingly confident that we’re going ...

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