After 10+ years Nike FINALLY doing something about sneaker bots

Wig Twistin Season

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Not because they care about you, the customer, but because it’s starting hurt to interest in their brand.

:francis:

Even the Fire Red 3s sat. They should’ve addressed this years ago. Too little too late.


  • Nike warned of gross margin trouble ahead as North America inventory grew 65% in the first quarter, leading the retailer to take “decisive action,” Chief Financial Officer Matt Friend said on a call with analysts. Nike revenue still grew 4% to $12.7 billion.
  • The company’s gross margin declined 220 basis points to 44.3% thanks to elevated freight costs and higher markdowns to clear out inventory, which itself was up 44% total over last year.
 
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