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In November 2023, Nike announced a 9% dividend increase -- marking the 22nd consecutive year the company raised the dividend. Nike now yields a respectable 1.8% -- which is higher than the yield ...
In the fiscal fourth quarter that ended May 31, Nike's sales fell by 2% year over year to $12.6 billion, led by the floundering direct-to-consumer business, which dropped 8% to $5.1 billion.
Nike's sales were down 8% year over year in the November-ending quarter, and analysts who cover the company on Wall Street expect full-year sales for the May-ending fiscal year to be down 10% year ...
The drop was especially steep in the US, where sales fell 10%; and in China, where they were down 14%. Basically, demand hasn’t been this low since the first year of the pandemic.
The world's largest footwear maker still has a lot to prove.
Party City closed 45 of its 870 stores in 2019, up from its usual 10 to 15 closures each year. [230] On January 18, 2023, Party City filed for Chapter 11 bankruptcy, [231] and a month afterward, announced the closure of 22 stores. An additional 9 stores were added to the closing list in April as well as 4 more locations in May. [232]
In the last year, Nike shares are down more than 36% as the footwear brand lost focus on its products and relationships with distribution partners and now has to contend with the rise of On ...
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