Nike reported a 16% rise in quarterly revenue, but said production problems in Asia and trans-Pacific shipping delays are constraining sales
The sneaker giant reported a 16% rise in quarterly revenue but said production problems in Asia and trans-Pacific shipping delays are constraining sales.
Updated Sept. 23, 2021 6:18 pm ETThe Covid-19 pandemic has caught up with Nike Inc. The sneaker giant’s revenue growth is being limited by supply-chain disruptions that have slowed the production and delivery of shoes and other goods around the world.
Nike on Thursday reported revenue of $12.25 billion for the quarter ended Aug. 31, up 16% from a year earlier and essentially flat with the June quarter. The results were below expectations of Wall Street analysts, who had expected revenue to reach $12.47 billion.Read more: The Wall Street Journal »
Watch: Turtle stranded on Cape Cove rescued by volunteers - CNN Video
Volunteers from three organizations have moved the massive reptile back into the ocean and will continue to monitor its progress.
Manufacture in the US. Forget Asian labor. support and subscribe pls Oh great! The Pacific has come out as trans. ESGfactors
Ending 16 years of Merkel era: Germany goes to pollsThe result of the elections on Sunday is unpredictable, and many coalition options are already on the table. Talks between parties after the results are expected to take a while. Climate change is actually the 13. most relevant issue to voters in Germany
Up to 16-foot waves forecast near ChicagoCooler weather is landing right on cue for the first day of Autumn. But first, the system delivering the cooler temps will soak the eastern third of the country, bring strong winds and 10 to 18-foot waves on some of the Great Lakes.
Gifts for Libras: 16 Aesthetically Pleasing Gift IdeasIn honour of Libra season, we've done the heavy lifting and discovered the most fitting gifts for the allure-chasing Libras in your life.
16 Ways To Peel & Cut Garlic Like A ProfessionalProfessional Chef-instructor Frank Proto from The Institute Of Culinary Education demonstrates 16 ways to peel, chop, smash, grate, and slice garlic like a pro. From fine slices to grating on a microplane, Frank explains how preparing the garlic for your recipe directly impacts its intensity in the dish - and how to understand which one is best for every situation.
Only 16 countries have vaccinated 70 percent of population, minimum for COVID herd immunityWhile some experts aren't confident the world can reach herd immunity given the threat the Delta variant poses, Dr. Anthony Fauci is still hopeful. Can someone ask him when we will reach herd immunity to the flu?
UN: In war, 16 million Yemenis 'marching' toward starvationThe head of the U.N. food agency is warning that 16 million people in Yemen “are marching towards starvation.” David Beasley said at a meeting on Yemen’s humanitarian crisis that food rations in the nation will be cut in October unless new funding arrives. It's good that the UN is flagging world attention to this. It's bizarre and abhorrent that they aren't fingering the Saudis and Iran for the conditions that caused it. YEMEN needs help It is always the innocent that suffer in a ignorant man’s war.