Thread regarding Nike Inc. layoffs

Port Congestion Hurts Nike

https://www.cnbc.com/2021/03/18/nike-nke-q3-2021-earnings.html

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Post ID: @OP+19Vry6Th

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OP, what is your point? Better question: do you have a point?

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Post ID: @1hkh+19Vry6Th
Congested ports in the United States and ongoing store closures in Europe weighed on Nike’s sales during its fiscal third quarter.
In North America, revenue dropped 10% year over year, as Nike said shipments have been delayed by more than three weeks.
But Nike continued to see momentum online. Its e-commerce sales surged 59% during the period.
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Post ID: @gcm+19Vry6Th

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