Nike: A Multi-Billion-Dollar Bet On Digital
Despite revenue being down, hundreds of layoffs, and an overload of inventory, Nike's stock is still up over 25% this year — but why?
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Friends,
Let’s play a game.
What if I told you the following was true:
Nike’s 2020 annual revenue came in at $37.4 billion, representing a 5% drop from the previous year.
Nike reported $6.7 billion in on-hand …