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Nike shares surge as online sales increased by 82%

3 mins read

The FINANCIAL — On Tuesday Nike shares soared by 13 percent in extended trading as the company reported an 82 percent increase in online sales. The company offered up an outlook that calls for demand to grow through the holidays. This is a signal the sportswear giant is making a healthy comeback from the pandemic. NIKE Direct sales were $3.7 billion, up 12 percent on a reported basis, and up 13 percent on a currency-neutral basis, with growth across all geographies. NIKE, Inc., based near Beaverton, Oregon, is the world’s leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment…

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Nike shares surge as online sales increased by 82%

3 mins read

The FINANCIAL — On Tuesday Nike shares soared by 13 percent in extended trading as the company reported an 82 percent increase in online sales. The company offered up an outlook that calls for demand to grow through the holidays. This is a signal the sportswear giant is making a healthy comeback from the pandemic. NIKE…

Nike’s chief diversity to be replaced by Tesla’s former executive

2 mins read

The FINANCIAL — Nike’s first-ever chief diversity and inclusion officer, as well as 18-year veteran of Nike Kellie Leonard has stepped down. Felicia Mayo, who joined Nike last year will replace Leonard. In 2018, When Leonard was appointed as Nike’s chief diversity officer, the company was working to change its male-dominated culture after complaints of bullying and sexist behavior…